Sales variance is the difference between sales price and ----------   Labour rate variance Sales volume variance Expenditure variance Usage variance Price variance

Q: Dividend payments to shareholders are classified as A. Cash outflow for financing activities B.…

A: Cash flow statement (CFS) is the one which is used to report the cash flows of the entity.

Q: Problem 2.30 Systems Concepts, Traditional versus Activity-Based Cost AccountingSystemsThe following…

A: Activity-based costing represents the costing method that assigned the cost to each activity based…

Q: Determine the machine's second-year depreciation using the units-of-production method.

A: Units-of-production Depreciation   Choose Numerator: ÷ Choose Denominator: = Annual Depreciation…

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A: The Financial income of the fiscal year March 31 , 2019.                        Multi step Income…

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A: Effective Interest Rate- The effective rate of interest is the interest rate that can be paid or…

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A: A bill of Exchange is a certificate of agreement between two parties where one party agrees to pay…

Q: As sales manager, John was given the Dunham Company for the month of C

A: In this question, we have to make a flexible budget report.

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A: The question is based on the concept of Financial Accounting. Bonds come under the ambit of…

Q: The total interest paid on $46,000, ten-year, 6 percent bonds that are issued at 98 is a. $28,520.…

A: Total interest paid = Interest paid + Discount on bonds where, Discount on bonds = Face value of…

Q: Pritchett Company reported the followtng year-end data: $ 20,100 8, 500 13,400 24,000 6,800 28,000…

A: The current ratio is calculated by dividing the current assets by the current liabilities of the…

Q: The ability to lower overall inventory warehousing costs is an advantage of which type of system…

A:

Q: Required: 1. Prepare the journal entry to record the labor cost if the overtime premium is charged…

A: Overtime premium is the premium which is paid to the labor or the employees for the work or the…

Q: 2. If an after-tax rate of return of 10% is required, and the effective tax rate is 30%, what is the…

A: After tax rate of return = Before tax rate of Return X (100% - tax rate)

Q: A company issued 60 shares.of $100 par value common stock for $7,100 cash. The journal entry to…

A: Lets understand the basics. Journal entry is required to make to record event and transaction occur…

Q: The following selected amounts are available for Tamarisk, Inc. Retained earnings $3700 (beginning)…

A: Ending Retained earnings  = Beginning Retained earnings- Net loss - cash dividend declared - stock…

Q: Q Briefly discuss the following issues & aucounting theory 1_ The accoilnta nt canmt complete the…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: See Clear Company manufactures clear plastic CD cases. It applies variable overhead based on the…

A: Amount Favourable/Unfavourable Variable Overhead Rate Variance $9000 Favorable Variable…

Q: impopo Ltd issued 200 000% debentures on 1Jan 2010. The debentures were  issued at R7 each and are…

A: Whenever debenture issued at Par and reedemable at Premium then such an excess amount can be treated…

Q: A business issued a 120-day, 15% note for $83,000 to a creditor on account. Journalize the entries…

A: Interest expense = $83,000 x 15% x 120/360 = $4,150

Q: Sophie Gowna, 47 years old, works for an Ontario company with a Bi-weekly pay cycle. She earns $18.5…

A: Pensionable earnings refer to those earnings which are useful to evaluate the pension contributions…

Q: Accounts Receivable less Allowance for bad debts equals Oa Net appraised value Net book value…

A: The balance sheet represents the financial position of the business on year end.

Q: Alamosa Security Co. offers security services to business clients. After all the accounts have been…

A: Alamosa Security Co. Balance Sheet Nov 30' 2019 Assets Current Assets:     Accounts…

Q: d at the beginning of the year vely. A withdrawal of $2,000 at the end of 6 months, and ar

A: Discounting is a technique which is used to compute the present value (PV) of future amount by using…

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A: (1) Determination of amount of loss to be recognized on modification. Correct answer is A P409,000…

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A: Transfer Pricing Transfer pricing is important in the inter transfer for product transferred from…

Q: On a corporate income statement, income from continuing operations a. will exceed net income. b.…

A: Income from continued operations is the income which is calculated after subtracting operating and…

Q: Purchases $ 30,526 Selling expense $ 769 Inventory, September 1 5,755 Administrative expense 732…

A: Formula: Gross profit = Net sales - Cost of goods sold

Q: Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in…

A: Cost accounting is the one that is widely used by cost accountants to determine the cost of the…

Q: to its customer is 2,000. If raw material inventory decreased by 5,000 and the prime cost is 150,000…

A: Direct material used = Purchase of material + Decrease in material - Indirect material used =…

Q: Softkin Company manufactures sun protection lotion. The Mixing Department, the first…

A: A production cost report summarizes the production and cost operations within a department over a…

Q: The capital budgeting decision depends in part on the     A. availability of funds.     B.…

A:

Q: Calculate conversion cost given the following information: Account Balance (Alphabetical Order) ($)…

A: Conversion costs refers to costs incurred by a manufacturing entity in order to convert raw…

Q: Cash collected from customers during the year ended December 31, 2019 amounted to $314,000, and…

A: The account receivables represents the balance due to be received from the customers of the…

Q: On July 31, the end of the accounting period of Jigi Company. the unadjusted trial balance showed…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 60 shares with a…

A: Section 302(b)(2) states the redemption test for determining whether the shares remained with the…

Q: next month's sales. How many mattresses should be produced in the first quarter of 2019?

A: Production Budget The production budget calculates the number of units of products manufactured by a…

Q: Over/Under: Alpha's bookkeeper made a mistake by erroneously recording a loan from Beta Bank as a…

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Q: Documentation is required in helping varying degrees of user sophistication in using the information…

A: Accounting software is the software which is used by the company or any business be it a small…

Q: plete this question by entering your answers in the tabs below. Req D CGM Sched Req D Inc Req D Bal…

A: Horizontal Statement Model  Horizontal analysis is a sort of financial statement analysis that…

Q: All classifications on the Balance Sheet have a general relationship with sections identified on the…

A: Cash flow statement means the statement which shows the cash inflow and outflow during the specified…

Q: Q1 (a) Identify each of the following cash items whether it is fixed cost, variable cost, sunk cost,…

A: Based on their nature, Cost can be classified as under: Fixed Variable Semi Variable  Sunk…

Q: Mary Maywood opened Maywood Cleaners on March 1, 2022. During March, the following  transactions…

A: Since you have posted question with multiple sub-parts we will do the first three sub-parts for you.…

Q: Blunt Company makes credit sales of $21,000 during the month of February 2019. During 2019,…

A: A Journal entry is a primary entry that records the financial transactions initially. The…

Q: Wisconsin also paid $32,600 to a broker for arranging the transaction. In addition, Wisconsin paid…

A: Introduction:- A corporation's shares are units of equity ownership. Shares serve as a financial…

Q: that if a truck is driven 105,000 kild erating cost is 11.4 cents per kilome ers during a year, the…

A: 1) Total Kms Operating Cost per Km Total cost        1,05,000 11.4        11,97,000…

Q: 10.Which of the following accounts would be increased with a debit?   a. Withdrawals account. b.…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: The following information is for Ivanhoe Company in September. 1. Cash balance per bank, September…

A: A reconciliations statement that compares the cash balance on a company's balance sheet to the…

Q: Outstanding cheques were # 421 for $157, #485 for $257, # 492 for $167, and #494 for $1,157.Cheque…

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Q: The flow of goods and services to consumers is illustrated by

A: Relationship of Goods and Service price with Consumer  Supply Chain of goods and Service from…

Q: Required: Make the journal entries, post it to the general ledger and Prepare Trial Balance.

A: The Journal book includes all business transactions recorded in the order in which they occur.…