Answer:
$10,400 Favorable
Explanation:
The computation of labor efficiency variance for June is shown below:-
For computing the labor efficiency variance for June first we need to find out the standard hours
Standard hours = 0.5 hours per unit × 3,100 units
= 1,550 hours
Now, we will put it into formula
Labor efficiency variance = (Standard hours - Actual hours) × Standard rate
= (1,550 - 510) × $10
= $10,400 Favorable
Therefore for computing the labor efficiency variance for June we simply applied the above formula.
Answer:
Supplies Expense is debited for $40
Cash is credited for $89
Delivery Expense is debited for $49
Explanation:
Petty cash is a small amount of fund which is kept in the business for day to day expenses. Cash is issued from this fund for daily small expense which is not possible to withdraw from the bank by check.
The Journal Entry will be as follow
Dr. Cr.
Supplies $40
Delivery expense $49
Cash ( $100-$11) $89
Cash will be credited against all these expenses.
Answer:
J-shaped curve
Explanation:
Project life cycle is the cycle or the phase, where the project goes or dealt with the initiation to its closure. In short, it can be defined and modified as per the aspects and the needs or requirements of the company.
J- shaped curve, is the curve which has the life cycle curve, that is convex to the baseline at the finish or end of the life of the project. And the curves runs or move parallel to the y axis.
Under this situation, the scenario of the project is J-shaped curve.
Answer:
$24,25
Explanation:
Cost per unit (Variable Costing) = Variable manufacturing costs
= Direct Materials + Direct Labor + Variable Overheads
= $ 9.00+$ 8.50+$ 6.75
= $24,25
Therefore, the total production cost per unit under variable costing if 25,000 units had been produced is $24,25
Answer:
$3,000
Explanation:
Calculation to determine How much bad debts expense will Great Landscapes report in 2019
Using this formula
2019 bad debts expense =Estimated doubtful accounts-Allowance for Doubtful Accounts has a credit balance
Let plug in the formula
Bad debts expense=$3,600-$600
Bad debts expense=$3,000
Therefore The Amount of bad debts expense that Great Landscapes will report in 2019 is $3,000
