Answer:
The overhead variance for the year is $ 30000 and is Favorable/overapplied.
Explanation:
Overhead variance = Actual overhead - Applied overhead
= $470,000 - $500,000
= - $30000
Therefore, the overhead variance for the year is $ 30000 and is Favorable/overapplied.
<span>True.
It's of paramount importance to respect the laws and cultures where products are being marketed because in the end the people of that land that will purchase the products.</span>
Answer:
Explanation:
The journal entries are shown below:
a. Short term notes receivable A/c Dr $5,300
To Service revenue A/c $5,300
(Being the service is provided based on the notes receivable)
b. Short term notes receivable A/c Dr $9,300
To Cash A/c $9,300
(Being cash is paid)
c. Short term notes receivable A/c Dr $4,300
To Account receivable A/c $4,300
(Being 3-month note receivable is accepted which is signed by the customer)
Answer:
2190 ; 2560 ;
$778.2
Explanation:
Total worth of gasoline sold = 16003.50
Cost of regular = 3.30
Cost of premium = 3.45
Let :
premium Gallon sold = x
Regular gallon sold = 370 + x
Hence, mathematically;
(3.45*x) + (3.30 * (x + 370)) = 16003.50
3.45x + 3.30x + 1221 = 16003.50
6.75x = 16003.50 - 1221
6.75x = 14782.5
x = 14782.5 / 6.75
x = 2190
Premium Gallon sold = 2190 gallons
Regular gallon sold = 2190 + 370 = 2560 gallons
Profit per regular gallon sold = $0.15
Progit per premium Gallon sold = $0.18
Total profit = (2190 * 0.18) + (2560 * 0.15) = $778.2
Answer:
The correct answer is $15.69.
Explanation:
According to the scenario, computation of the given data as follow:-
We can calculate the cupcake sold by the dozen by using following formula:-
Cost for a dozen cupcake = Direct material + Direct labor + Factory OH
Where,
Direct material = 4.25 × $0.56 = $2.38
Direct labor = 1.10 × $8.30 = $9.13
Factory overhead = 1.10 × $3.80 = $4.18
By putting the value in the formula, we get
= $2.38 + $9.13 + $4.18
= $15.69