Moon Company sold $2,000 in gift cards on a special promotion on October 15, 2024, and sold $3.0 November 15, 2024. Of the cards sold in October, $200 were redeemed in October, $500 in November, and $600 in December. Of the gift cards sold in November, $300 were redeemed in November and $700 were redeemed in December Moon Company views the probability of redemption of a gift card as remote if the card has not been redeemed within two months. At 12/31/2024, Moon Company would show a deferred revenue account for the gift cards with a balance of Multiple Choice

Moon Company sold $2,000 in gift cards on a special promotion on October 15, 2024, and sold $3.0 November 15, 2024. Of the cards sold in October, $200 were redeemed in October, $500 in November, and $600 in December. Of the gift cards sold in November, $300 were redeemed in November and $700 were redeemed in December Moon Company views the probability of redemption of a gift card as remote if the card has not been redeemed within two months. At 12/31/2024, Moon Company would show a deferred revenue account for the gift cards with a balance of Multiple Choice

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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Handerson Corporation makes a product with the following standard costs: Standard Quantity or Hours 9.2 kilos Direct materials Direct labor. 0.4 hours Variable overhead 0.4 hours The company reported the following results concerning this product in August Actual output Raw materials used in production Purchases of raw materials. Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost Multiple Choice Standard Price or Rate $ 6.70 per kilo $ 27.00 per hour $ 6.70 per hour 3,900 units 29,730 kilos 32,300 kilos 1,130 hours $ 202,920 $ 23,436 $ 8,240 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for August is:
On this question may you please explain how it came to 41880 instead of 41860
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Capital Rationing Decsion Involving Four Proposals Kopecky Industries Inc. Is considering allocating a limited amount of capital Investment funds among four proposals. The amount of proposed Investment, estimated income from operations, and net cash flow for each proposal are as follows: Project Uniform victor Sierra Tango Name Investment $900,000 Investment $2,770,865 Investment $1,762,515 Investment $1,040,013 Income Income Income Income Net Cash Net Cash Net Cash Net Cash from from from from Flows Flows Flows Flows Year Operations Operations Operations Operations $84,000 $240,000 $294,500 $950,000 $207,000 $450,000 $109,000 $390,000 84,500 240,000 294,775 950,000 207,000 450,000 109,000 390,000 85,000 240,000 295,050 950,000 207,000 450,000 109,000 390,000 85,500 240,000 295,325 950,000 207,000 450,000 109,000 390,000 5. 86,000 240,000 295,600 950,000 207,000 450,000 109,000 390,000 Total $425,000 $1,200,000 $1,475,250 $4,750,000 S1,035,000 $2,250,000 $545,000 $1,950,000 Present…
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