if a compan ships goods at mark up 30% to its local branch which has 45,500 begining inventory, for 160,000 at cost. the branch sold 80% off avalible goods for $250,000. In the working paper to combined the statements the balance in the combined statements for overvaluation is: OA. 42500 OB. zero O c. 10500 OD. 48000

if a compan ships goods at mark up 30% to its local branch which has 45,500 begining inventory, for 160,000 at cost. the branch sold 80% off avalible goods for $250,000. In the working paper to combined the statements the balance in the combined statements for overvaluation is: OA. 42500 OB. zero O c. 10500 OD. 48000

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Description: if a compan ships goods at mark up 30% to its local branch which has 45,500 begining inventory, for 160,000 at cost. the branch sold80% off avalible goods for $250,000. In the working paper to combined the statements the balance in the combined stat

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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if a compan ships goods at mark up 30% to its local branch which has 45,500 begining inventory, for 160,000 at cost. the branch sold
80% off avalible goods for $250,000. In the working paper to combined the statements the balance in the combined statements for
overvaluation is:
O A. 42500
OB. zero
O c. 10500
O D. 48000

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