Business, 16.03.2020 18:00 DOGENINJA4542
Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During June, the company budgeted for 6,700 units, but its actual level of activity was 6,660 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for June: Data used in budgeting: Fixed element per monthVariable element per unit Revenue - $28.10 Direct labor$0 $2.50 Direct materials 0 10.40 Manufacturing overhead 37,700 1.20 Selling and administrative expenses 23,300 0.30 Total expenses$61,000 $14.40 Actual results for June: Revenue$194,472 Direct labor$16,145 Direct materials$67,059 Manufacturing overhead$45,587 Selling and administrative expenses$25,363 The activity variance for net operating income in June would be closest to.
Answers: 1
Business, 22.06.2019 13:40, allytrujillo20oy0dib
Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?
Answers: 1
Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure...
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