This topic contains a solution. Click here to go to the answer

Author Question: The revenue journal is designed for the efficient recording of cash sales transactions. a. True b. ... (Read 100 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
The revenue journal is designed for the efficient recording of cash sales transactions.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

What is the static-budget variance of revenues?
 
  Contrafic Corporation used the following data to evaluate its current operating system. The company sells items for 21 each and used a budgeted selling price of 21 per unit.
 
   Actual Budgeted
   Units sold 180,000 units 185,000 units
   Variable costs 1,080,000 1,295,000
   Fixed costs  800,000  775,000
 
  A) 105,000 favorable
  B) 105,000 unfavorable
  C) 8,000 favorable
  D) 8,000 unfavorable



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

False

Answer to Question 2

Answer: B




kamilo84

  • Member
  • Posts: 495
Reply 2 on: Jul 5, 2018
:D TYSM


tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

For a complete list of videos, visit our video library