Answer:
This question has two requirements answer of each requiremnt is given below.
Dispose of the overhead variance by adjusting Cost of Goods Sold. Adjusted COGS $____
Applied Overhead = 532,000 * 80% =$ 425,600
This show that overhead are over apllied, so
Adjusted COGS = $1,890,000 - (425,600 -423,600)
= $ 1,888,000
Calculate the overhead variance for the year. $____
Overhead variance = Applied Overhead - Actual Overhead
= 425,600 -423,600
= $ 2000 (Favorable variance)
Explanation:
The adjusting journal entry is presented below:
On September 30
Unearned ticket revenue A/c Dr $75,000
To Ticket revenue A/c $75,000
(Being the unearned ticked revenue is recorded)
The computation is shown below:
= Season tickets sale value × number of games ÷ given number of gains
= $200,000 × 3 games ÷ 8 games
= $75,000
Answer:
300
Explanation:
You have to find 10% of 250(25 ofc) Then multiply that(25) By 12