Answer:
Explanation:
The adjusting entry is shown below:
Supplies expense A/c Dr $6,100
To supplies A/c $6,100
(Being supplies account is adjusted)
The supplies expense is computed by
= Supplies beginning balance + purchase of supplies - supplies on hand
= $3,500 + $4,800 - $2,200
= $6,100
To find out the adjusting balance we added the purchase of supplies and deducted the supplies on hand from the beginning balance of supplies account
Answer:
1,000 Unfavorable
Explanation:
AH x AR = $84,000;
AH x SR = $83,000;
SH x SR = $85,000.
Compute the labor rate variance
then,
($84,000 - $83,000) = 1,000 Unfavorable
To learn more about labor cost variance, refer
to brainly.com/question/24553900
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False. Risks of fixed costs of a business are more for an alliance than an independent firm. Businesses have risks and without any risk, comes a smaller reward. Taking a risk often yields a larger profit and room to grow/expand. Fixed costs are are costs that stay constant no matter the quantity of goods or service produced.
Answer: Julius is bound on this contract because Brutus had apparent authority
Explanation:
Based on the scenario and the information given, Julius is bound on this contract because Brutus had apparent authority.
Apparent authority simply refers to a scenario whereby means a principal in this case Julius is bound by the action of the agent that is, Brutus even though Brutus had no authority. Here, Anthony believed that Brutus had an authority to act not knowing that he had been fired.
