How are unfavorable variances recorded? How are favorable variances recorded?
What will be an ideal response?
Unfavorable variances are recorded with debits because they reflect additional costs
higher than standard costs. Favorable variances are recorded with credits because they reflect less actual costs than standard costs.
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The balance of the Unearned Fees account on the December 31, trial balance totals $48,000 . If only $5,000 of this total remains unearned, what will be the required adjusting entry?
a. Cash, debit, $43,000; Fees Earned, credit, $43,000. b. Unearned Fees, debit, $43,000; Fees Earned, credit, $43,000. c. Unearned Fees, debit, $48,000; Fees Earned, credit, $48,000. d. Unearned Fees, debit, $5,000; Fees Earned, credit, $5,000. e. Fees Earned, debit, $5,000; Unearned Fees, credit, $5,000.
A premium is a promotional item that is given as an incentive for performing a particular act, typically buying a product.
Answer the following statement true (T) or false (F)
In a ________, the whole channel focuses on the same target market at the end of the channel.
A. horizontal marketing system B. vertical marketing system C. linear marketing system D. diagonal marketing system E. parallel marketing system
Of the management, advertising, and administrative fees charged by mutual funds, normally the management fee is the smallest
Indicate whether the statement is true or false.