Answer:
$171,619.20
Explanation:
The computation of the budgeted accounts payable balance at the end of November is shown below:
= Budgeted cost of raw materials purchases in November × following month percentage
= $286,032 × 60%
= $171,619.20
As 40% is paid in the month of purchase whereas 60% is paid to the following month. So, we recognized 60%, not 40%
Answer:
A) One important difference between using cigarettes and using dollars as money is that cigarettes have intrinsic value.
B) U.S. dollars are an example of fiat money.
Explanation:
Prisioners had two uses for cigarettes: they could use them as a medium of exchange, thus acted as money, and they could use cigarettes to smoke. Therefore the intrinsic value of cigarettes would be the tobbacco which is used to smoke, as opposed to U.S. dollars where its intrinsic value is just the paper or metal if it were a coin.
U.S. dollars are an example of fiat money because it's a currency that has been established as legal tender by the U.S. Government, but it has no intrinsic value of its own.
Answer:
The correct answer is $8,316( Unfavorable) and $10,500 ( Favorable).
Explanation:
According to the scenario, the computation of the given data are as follows:
Actual Variable OH AH × SVOR SH × SVOR
$222,816 $57,200×$3.75 = $214,500 $60,000×$3.75 = $225,000
Variable OH spending variance Variable OH efficiency variance
$214,500 - $22,816) $225,000 - $214,500
= $8,316( Unfavorable) = $10,500 ( Favorable)
Hence, Variable OH spending variance = $8,316( Unfavorable)
And Variable OH efficiency variance = $10,500 ( Favorable)
Answer:
rebate
Explanation:
Rebates are used in marketing as discounts for qualifying customers. Instead of offering a general broad discount to every customer, when companies use rebates they can decide what type of customers will receive them. Even some customers that could qualify for the rebate wouldn't get it, since they need to send a form provided by the company and not everyone will be willing to do it.
