Question Question 7 Not yet answered Marked out of 4.00 Data Enterprise owns equipment that cost RM93,500 with accumulated depreciation of RM64,000. Cambria asks RM35,000 for the equipment but sells the equipment for RM33,000. Compute the amount of gain or loss on the sale. The journal entry to record the disposal of the asset would involve all of the following except: Select one: a. Debit Accumulated Depreciation RM64,000. b. Credit Gain on Disposal of Equipment RM3,500. c. Debit Loss on Disposal of Equipment RM3,500. d. Credit Equipment RM93,500.

[The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 28,000 23,000 $ 36,000 16,000 8,000 11,500 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 139,000 100,000 210,000 153,000 $ 110,000 101,000 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $89,000. b. Raw materials purchases in April are $590,000, and total factory payroll cost in April is $381,000. c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor. $27,000; factory rent. $30,000 factory utilities, $20,000; and factory equipment depreciation, $50,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $685,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April. 306 307 308 April Total 0.50 0.50 0.50 0.50 Predetermined overhead rate Overhead applied Co Prey 4 5 6 7 of 7 Score.answer >

A plant bought a calciner for P220,000 and used it for 10 years, the life span of the equipment. Assume a scrap value of P20,000 for straight line method; P22,000 for textbook declining balance method and P20,000 for the double declining balance method. What is the book value of the calciner after 6 years of use?  (a) Using Straight Line Method (b) Using Declining Balance Method (c) Using Double Declining Balance Method

A solution is tested with the four indicator solutions shown in the attached colour chart. The following results are obtained: Thymol blue turns yellow. Methyl orange turns yellow. Methyl red turns orange. • Bromothymol blue turns yellow. What is the estimated pH of the solution? Thymol blue red 1,2 - 2,8 yellow 8.0-9,6 blue Methyl orange red 3,0 - 4,6 yellow Methyl red red 4,2 - 6,3 yellow Bromothymol blue yellow 6,0 - 7,8 blue 2 3 4 10 11 12 pH A. 4.3 В. 8.0 C. 5.3 D. 2.8

The table below shows the monthly cost of producing vintage model cars for collectors for quantities O, 100, 200, and 500. Complete the table by filling in the average fixed cost, average variable cost, and average total cost. Instructions: Round your answers to 2 decimal places. Average Fixed Cost (dollars) Average Variable Cost (dollars) Average Total Cost (dollars) Vintage Model Car Production Costs Total Fixed Total Variable Output Cost (dollars) Cost (dollars) 0 $1,500 $0 100 1,500 600 200 1,500 1,100 500 1,500 4,150 Total Cost (dollars) $1,500 2,100 2,600 5,650

Assume that in October 2022 the Schmidt Machinery Company (Exhibit 14.1) manufactured and sold 990 units for $705 each. During this month, the company incurred $415,800 total variable costs and $180,400 total fixed costs. The master budget data for the month are as given in Exhibit 14.1. Required: 1. Prepare a flexible budget for the production and sale of 990 units. 2. Compute for October 2022: a. The sales volume variance, in terms of operating income. Indicate whether this variance was favorable or unfavorable. b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable or unfavorable. 3. Compute for October 2022: a. The total flexible budget variance. Indicate whether this variance was favorable or unfavorable. b. The total variable cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. c. The total fixed cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. d. The selling price variance. Indicate whether this variance was favorable or unfavorable. Comparison of Actual and Budgeted Operating Income SCHMIDT MACHINERY COMPANY Analysis of Operating Income For October 2022 (1) Actual Operating Income (2) Master Budget (3) Variances Units 780 1,000 220 U* Sales $ 639,600 100% $ 800,000 100% Variable costs 350,950 55 450,000 56 $ 160,400 U 99,050 F** $ 61,350 U 10,650 U Contribution margin 45% 44% $ 288,650 160,650*** $ 350,000 150,000+ Fixed costs 25 19 Operating income $ 128,000 20% $ 200,000 25% $ 72,000 U *U denotes an unfavorable effect on operating income. **F denotes a favorable effect on operating income. ***Actual fixed factory overhead cost = $130,650; actual fixed selling and administrative costs = $30,000. Budgeted fixed factory overhead cost = $120,000; budgeted fixed selling and administrative costs = $30,000. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a flexible budget for the production and sale of 990 units. Units sold ales Fixed costs Variable costs Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute for October 2022: a. The sales volume variance, in terms of operating income. Indicate whether this variance was favorable or unfavorable. b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable or unfavorable. Show less A Sales Volume Variance Operating income Contribution margin < Required 1 Required 3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute for October 2022: a. The total flexible budget variance. Indicate whether this variance was favorable or unfavorable. b. The total variable cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. c. The total fixed cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. d. The selling price variance. Indicate whether this variance was favorable or unfavorable. Show less a. The total flexible budget variance b. The total variable cost flexible budget variance c. The total fixed cost flexible budget variance d. The selling price variance < Required 2 Required 3

then the test is right tailed/ left/ two tailed would suggest the statistic is/ is not significant When conducting a significance test for correlation, if your null and alternative hypothesis are: Ho:p=0 H₁:p>0 Then the test is: Select an answer If we reject the null hypothesis, that would suggest the statistic is significant. Question Help: Message instructor Add Work Submit Question