Answer:
total cost incurred 2,250,000
Explanation:
From the inventory identity we solve for the added materials:
Beginning raw 390,000
purchase 890,000
ending raw (340,000)
added materials 940,000
Then, we solve for the cost adeed during the period, which are the cost incurred during the period:
added materials 940,000
labor 670,000
applied overhead 640,000
total cost incurred 2,250,000
Answer:
D
Explanation:
Protective extension response, because this child is running for a reason either because he is afraid or is playing but ether way he is staying in the same spot as he did when he fell and shows that he is extending the time he has on the floor because of the way his mind works.
Hoped this helped
Answer:
B. $200,000
Explanation:
The amount of Tot's shares held by Pare are not enough to justify equity (below 20%) method so it will only adjust the amount for changes in the fair value not when net income and cash dividends are know or declared.
$ 50,000 first purchase
$ 150,000 second purchase
$ 200,000 total investment
Answer:
decreased total equity by $14,400
Explanation:
The treasury stock reduced the balance of the stockholder equity as the issuing company buys this stock back.
Given that
Number of shares purchased = 1,600 shares
Paid per share = $9
Common stock = $2
So, the treasury stock would be
= Number of shares purchased × per share
= 1,600 shares × $9
= $14,400
The journal entry would be
Treasury Stock A/c Dr $14,400
To Cash A/c $14,400
(Being treasure stock is purchased for cash)
Answer:
$417 A.
It is an adverse variance.
Explanation:
Fixed factory overhead volume variance is the difference between budgeted output at 100% normal capacity and actual production volume multiplied by standard fixed overhead cost per unit.
Formula
Fixed factory overhead volume variance = (budgeted standard hours for 100% normal capacity - Actual standard output hours) × standard fixed overhead cost per unit.
Calculation
Since 5900 units of a product was produced in 3.546 standard hours per unit, total actual standard hour is therefore;
= 5900×3.546
=20,921 hours
Overhead cost per unit = $1.10 per hour
Hours at 100% normal capacity = 21,300 hours.
Recall the formula for fixed factory overhead volume variance is =(budgeted standard hours for 100% normal output- actual standard output hours)× standard fixed overhead per unit.
Therefore;
Fixed factory overhead volume variance =(21,300 hours - 20,921 hours)× $1.10
=379 hours × $1.10
=$417 A
It is therefore an adverse variance.