Answer:
the direct material quantity variance is $5,000 favorable
Explanation:
The computation of the direct material quantity variance is shown below:
Direct material quantity variance is
= (Actual quantity - standard quantity) × standard price
= (9,200 pounds - 5,100 units × 2 pounds) × $5 per pound
= (9,200 pounds - 10,200 pounds) × $5 per pound
= $5,000 favorable
hence, the direct material quantity variance is $5,000 favorable
Answer:
Shally will not having any amount of bad debt deduction for the present year.
Explanation:
In the present year, Shally will not having any amount of bad debt deduction because she has a gain or income of $5,000. As, last year she has account receivable of $60,000 but this year she settled the account by receiving the $65,000 amount. So, she has received more amount than the basis in the receivable. Therefore, she will not have any bad debt deduction this year.
On average, managers spend the least amount of time doing the managerial activity is networking.
What is networking?
Networking is the technique of making connections with respect of the business environment. Managers very often get involved in developing relationships and making their own networks. They are accountable for monitoring and completing the given task in an effective way. So, they basically focus on many managerial activities like decision-making, planning things, communicating the required information, managing employees, etc.
Which managerial function is the most important?
The most important function of management is Planning. Planning means setting objectives in order to achieve , a goal in a limited time period .Several alternatives are formulated in order to achieve the goals.
Learn more about managerial activity:
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Answer:
A. In a situation where prices are declining, companies using LIFO will report the smallest cost of goods sold.
- This is because LIFO calculates goods sold as Last in, First Out. And since the cost is declining, the last in inventory will have the smallest cost of goods sold.
C. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.
- Whether the cost of goods are rising or falling, this will always be the case.
D. Companies using LIFO will pay higher taxes than companies using FIFO, assuming all else being equal.
- This is because when using LIFO in this scenario, higher profits would be recorded and the tax is paid on profit, thus higher taxes.
F. Companies using LIFO will report the highest ending inventory on their balance sheets (as compared to companies using FIFO or weighted average,)
- This is simply because in this scenario, the LIFO sold the cheaper goods first leaving an ending inventory of the relatively expensive goods unlike FIFO which would have sold the expensive first. Again, emphasis on this scenario of declining cost.
Jessica's grandfather is concerned about his physical well-being. He thinks about his health and physical health and has fears that maybe in the future he will not have the strength. The physical<span> health is connected to mental and emotional health.</span>
