D) Account receivable and note receivable are showing in Expense
Answer:
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Answer:
Explanation:
a. The computation of the labor rate variance is shown below:
= Actual Hours × (Actual rate - standard rate)
= 5,050 × ($16.80 per hour - $16 per hour)
= 5,050 × $0.80 per hour
= $4,040 unfavorable
b. The computation of the labor time variance is shown below:
= Standard Rate × (Actual hours - Standard hours)
= $16 per hour × (5,050 hours - 1,000 × 5.4 hours)
= $16 per hour × -350 hours
= -$5,600 favorable
c. The computation of the total labor variance is shown below:
= (Actual hours × Actual rate) - (Standard hours × standard rate)
= (5,050 hours × $16.80 per hour) - (1,000 bicycles × 5.4 hours × $16 per hour)
= $84,840 - $86,400
= -$1,560 favorable
The answer is;
Since the loan payment incorporates amortization. (Regardless of whether the financing cost is the equivalent on both the advance and the rent, the advance incorporates an additional sum for amortization that would enable Melisha to satisfy the auto after some time and claim it toward the finish of the advance time frame).
Hope it helps!
Answer:
Operating profit margin = operating profits ÷ turnover
= 405000 ÷ 4,050,000
= 0.1 = 10%
ROI = Net operating Income/ Average Operating assets
= 405,000 ÷ 1620,000
= 0.25 = 25%
(note: Average operating assets = ( opening operating assets + closing operating assets ) ÷ 2 )
Turnover = sales/ average operating assets
= 4,050,000/ 1620,000
= 2.5
Residual income
minimum required return = minimum required rate of return × average operating assets
= 15% × 1620000
= 243000
Residual income = net operating income - minimum required return
= 162000
