Answer:
True
Explanation:
Hi, the statement is true.
Incoterms (International Commercial Terms) are commercial terms, commonly used in international commercial transactions.
These terms determine the obligations, reponsabilities, costs and risks of both parts involved in a comercial transaction ( buyer and seller) where goods are delivered.
Incoterms rules are accepted worldwide.
The correct answer is evaluating alternatives. This is
defined as the step 6 of the phase two in regards of the resource planning
process by which it examines the drawbacks and the benefits in regards of each
of the alternatives.
Answer:
Dr Land 397,950
Cr Cash 117,950
Cr Notes payable 280,000
Explanation:
Certain ordinary and necessary costs can be included in the purchase cost of land:
- cost of the land
- title fees
- applicable taxes
- legal fees
- broker fees
- survey costs
- leveling costs
- zoning fees
- etc.
In this case, the total purchase cost of the land = $110,000 + $280,000 + $1,400 + $650 + $5,900 = $397,950
Answer:
variable overhead efficiency variance= $22,780 unfavorable
Explanation:
Giving the following information:
Standard hours per unit of output 7.0 hours
Standard variable overhead rate $ 13.40 per hour
Actual hours 2,725 hours
The actual output of 150 units
To calculate the variable overhead efficiency variance, we need to use the following formula:
variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 150*7= 1,050 hours
variable overhead efficiency variance= (1,050 - 2,750)*13.4
variable overhead efficiency variance= $22,780 unfavorable
