Chapter 5, Problem 2CE

what is the materials quantity variance?

On January 1, 2012, Penn Manufacturing purchased equipment for $865,000, having a useful life of 8 years and an estimated salvage value of $62,000. Penn has recorded monthly depreciation of the equipment using the straight-line method. On December 31, 2018, the equipment was sold for $295,000. As a result of this sale, Penn should recognize a gain of ___.

operating laverage is 3.5?

Accounting solution

Need correct answer please accounting

Please provide the solution to this financial accounting question using proper accounting principles.

What is depreciation, and why do companies apply it to fixed assets? Discuss at least two methods of calculating depreciation and how they affect a company’s financial reporting over time. Need answer

Which account is not closed at the end of an accounting period? Consider typical accounts maintained in the general ledger. (A) Sales (B) Wages Expense (C) Capital (D) Rent Revenue HELP

Currect answer