Answer:
Controllable variance
Explanation:
The controllable variance is the combination of the variable overhead, fixed overhead spending variance and together with this, the variable overhead efficiency variance is also involved
Hence, as per the given situation, the controllable variance is to be considered
Therefore the above represents the answer
Answer:
Introduction
Explanation:
The product is new in the market, sales are slow and to push it higher the company has to incur heavy expenditure on advertisement to make it appealing to customers. So products are introduced during the Introduction Stage.
Answer: The correct answer is "2. Sales budget → Inventory purchases budget → Selling and administrative expense budget → Cash budget".
Explanation: Sales budget → Inventory purchases budget → Selling and administrative expense budget → Cash budget is the normal sequence followed in preparing a master budget.
First, sales must be planned, to estimate what level of income will be obtained, then purchase expenses directly related to sales, thirdly, other sales and administrative expenses and finally the cash budget.
Answer:
$139,000
Explanation:
The value of an asset is recorded in the book as the price at which it was acquired. The cost of the land will be recorded as the price which it was paid for or the purchase price.
In asset acquisitions, the value of land includes the purchase price plus all other relevant expenses such as legal fees, commissions, and survey fees. Discounts received are deducted from the purchase price before the price is recorded in the books. An organization will value and depreciate its assets based on the price it purchased them.
Johnson Brothers outdoor furniture manufacturing consists of the following departments:
- Cutting department
- Staining and finishing department
- Assembling department
As group activities were perform as per function. This departmentalization is regarded as Functional Departmentalization.
