The management of Pamela's Pet Supplies has calculated the following variances: Direct materials cost variance $ 11 comma 000 U Direct materials efficiency variance 40 comma 000 F Direct labor cost variance 15 comma 500 F Direct labor efficiency variance 13 comma 000 U Total variable overhead variance 7 comma 500 F Fixed overhead cost variance 4 comma 500 F When determining the total product cost flexible budget variance, what is the fixed overhead variance of the company?

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

Which of the following are considered needs? check all that apply

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.