Job costing systems are used to accumulate the cost of a individual job
Seen as it may be 1 of there first jobs you can pay them less because they don't have as much experience as someone has has worked in the job for years
Answer:
The correct answer is "Low on social stratification"
Explanation:
Social stratification refers to a pyramid in which are classify the persons depending on the position of the person or his family in a chain of command or social status.
Answer:
$400 favorable
Explanation:
The computation of the volume variance is shown below:
Fixed overhead Volume Variance = Actual Overheads - Budgeted Overheads
where,
Actual overhead is
= 5,200 units × 2 hours × $1
= $10,400
And, the budgeted overhead is
= 5,000 units × 2 hours × $1
= $10,000
So, the volume variance is
= $10,400 - $10,000
= $400 favorable
We simply deduct the budgeted cost from the actual cost so that the difference could be come
Answer:
Decrease by $80,000
Explanation:
The journal entries are shown below;
Retained earning Dr $80,000 (8,000 shares × $10)
To Common stock $40,000 (8,000 shares × $5)
To Paid in capital in excess of par $40,000 (8,000 shares × $5)
(Being the retained earning is recorded)
So by passing this journal entry we get to know that the retained earning will decreases by $80,000
