Answer:
Dr. Work in process $49,500
Dr. Material Quantity Variance $4,500
Cr. Raw material Inventory $49,500
Explanation:
First we need to calculate the Material usage variance
Standard Material = 5,500 cakes x 3 pounds = 16,500 pounds
Standard cost of Standard Material = 16,500 pounds x $3 = $49,500
Actual usage at standard cost = 16,650 pounds x $3 = $49,950
Material usage Variance = $49,950 - $49,500 = $450 unfavorable
When the actual cost incurred is more than the standard cost the variance is unfavorable.
Answer:
$8,000 bc (AGIx30%)- contributions
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Ethics is the branch of philosophy that explores the nature
of moral virtue and evaluates human actions. Philosophical ethics differs from
legal, religious, cultural and personal approaches to ethics by seeking to
conduct the study of morality through a rational, secular outlook that is
grounded in notions of human happiness or well-being. A major advantage of a
philosophical approach to ethics is that it avoids the authoritarian basis of
law and religion as well as the subjectivity, arbitrariness and irrationality
that may characterize cultural or totally personal moral views. (Although some
thinkers differentiate between "ethics," "morals,"
"ethical" and "moral,")
Volunteers serving alcohol at a special event must
1) firstly, volunteers must be of legal age to serve alcohol at any event.
2) Volunteers must abide by all the rules and laws for alcoholic beverages in the state where an event will take place, for example, some states or cities may require the volunteer to get a one time permit to serve alcohol.
3) Volunteers must recognize signs of intoxication and professionally refuse or give any more alcohol to intoxicated persons.
4) Volunteers must observe the ages of the guest. It might be hard to ask guests for their ID, however, if in doubt request for ID before serving alcohol, and if in trouble, reach out to management, or your superior.
5) importantly, Volunteers must not serve alcohol to minors because this might land you in jail.
Answer:
The net income for 2020 was $90,000
Explanation:
Shmenson Company
Income Statement for the year ended 2020
Sales $470,000
Less Cost of Sales
Beginning Inventories $70,000
Add Net purchases $180,000
Add Freight In $15,000
Less Ending Inventories ($60,000) ($205,000)
Gross Profit $265,000
Less Expenses
Operating expenses ($175,000)
Net Income $90,000
Conclusion
Thus, the net income for 2020 was $90,000.
