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torisob [31]
3 years ago
15

A company purchased a new delivery van that cost

Business
2 answers:
Whitepunk [10]3 years ago
7 0

Explanation:

what was the cost of the van?

Elanso [62]3 years ago
3 0

Answer: Do we make up the cost of the truck if we do then I am making up the cost of the van and it is $10,000

Explanation:

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When a bond issued at face value is retired what is the journal entry
Vedmedyk [2.9K]
Credit the "bond payable" liability account for the total face value of the bonds and debit cash for the same amount.


8 0
3 years ago
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one uni
Bond [772]

Answer:

1. Material Variances

Material Price Variance = $3,000 F

Material Quantity Variance = $4,000 U

2. Labor Variances

Labor Rate Variance = $1,425 U

Labor Efficiency Variance = $900 F

Explanation:

Provided information we have,

Direct Materials

Standard Quantity = 4.6 pounds

Standard Rate = $2.50 per pound

Direct Labor

Standard Hours = 0.2 hour per unit

Standard Rate = $18 per hour

Actual Materials

Actual Quantity = 20,000 pounds

Actual Rate = $2.35 per pound

Actual Labor

Labor Hours = 750 hours

Labor Cost = $14,925

Labor rate = \frac{14,925}{750} = $19.9 per hour

Actual Units produced = 4,000

1. Material Variances

Material\ Price\ Variance = (Standard\ Price - Actual\ Price) \times Actual\ Units

= ($2.50 - $2.35) \times 20,000 pounds

= $3,000

As the actual rate is less than standard rate the variance is favorable.

Material\:Quantity\ Variance = (Standard\ Quantity - Actual\ Quantity) \times Standard\ Rate

Standard Quantity = 4,000 \times 4.6 = 18,400 pounds

Material Quantity Variance = (18,400 - 20,000) \times $2.50

= - $4,000

As the actual raw material quantity used is higher than standard raw material quantity the variance is unfavorable.

2. Labor Variances

Labor\ Rate\ Variance = (Standard\ Rate - Actual\ Rate) \times Actual\ Hours

= ($18 - $19.9) \times 750 = - $1,425

As actual rate is higher than standard rate thus the variance is unfavorable.

Labor\ Efficiency\ Variance = (Standard\ Hours - Actual\ Hours) \times Standard\ Rate

Standard Hours = 4,000 \times 0.2 = 800

Labor Efficiency Variance = (800 - 750) \times $18

= $900

As the Standard Hours is more than Actual Hours the variance is favorable.

1. Material Variances

Material Price Variance = $3,000 F

Material Quantity Variance = $4,000 U

2. Labor Variances

Labor Rate Variance = $1,425 U

Labor Efficiency Variance = $900 F

6 0
3 years ago
The cost of a high-quality 250-horsepower compressor was $13,500 when recently purchased. What would a 608-horsepower compressor
frez [133]

Answer:

Cost of 608 hp compressor = $32,832

Explanation:

Given:

Cost of 250 hp compressor = $13,500

Find:

Cost of 608 hp compressor

Computation:

Cost of 608 hp compressor = Cost of 250 hp compressor x [608 / 250]

Cost of 608 hp compressor = $13,500 x [608 / 250]

Cost of 608 hp compressor = $32,832

4 0
2 years ago
Why people in New York it hard to get shelter with a child​
Gala2k [10]
I don’t know, probably because there is so much people in NY or maybe the shelter doesn’t allow children?
8 0
3 years ago
In order to minimize the difficulty associated with meeting monthly loan payments, the debt service ratio should be __________.
Andre45 [30]
In order to minimize the difficulty associated with meeting monthly loan payment, the debt service ratio should be : Below 35 %

This Ratio showed that your annual monthly income still able to cover up your loan payments after considering your housing and other expenses for your daily lives
8 0
3 years ago
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