This creates a materials price variance of $2.50 per pound, and a variance of $62,500 for all of the 25,000 pounds that ABC purchases. Direct materials price variance account is a contra account that is debited to record the difference between the standard price…
Read moreReleased by Google in 2017, Flutter is a well-liked framework for constructing mobile, internet, and desktop apps from a single codebase. To construct applications with Flutter, you will want to use https://www.globalcloudteam.com/highly-productive-and-feature-rich-java-mobile-app-development/…
Read moreThe declaration date is the date on which the board of directors declares the dividend. A business in the process of growing may need the cash to fund expansion, and might be better served by retaining the profits and using the internally generated cash rather…
Read moreIt is the date that the company commits to the legal obligation of paying dividend. Hence, the company needs to make a proper journal entry for the declared dividend on this date. Assuming there is no preferred stock issued, a business does not have to pay dividends,…
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