The following information is available regarding X Company' utility cost in 2019: Estimated production Budgeted fixed costs Budgeted total variable costs Actual production Actual total costs 3,300 units $18,000 $22,011 2,900 units $23,113 What was the flexible budget variance for total utility costs in 2019? [Assume that a positive number means a favorable variance and a negative number means an unfavorable variance.] A: $4,668 B: $6,768 OC: $9,814 D: $14,230 E: $20,634 F: $29,919 Submit Answer Tries 0/99 Questions 6 and 7 refer to the following information: X Company, a merchandiser, prepares monthly financial statements. On September 30, its accountant made adjusting entries to record: $5,954 of September interest on a bank loan to be paid in October $1,999 of wages that were earned by employees in September but to be paid in October $4,699 of rent and insurance for September that was prepaid on September 1 but had expired $3,910 of depreciation on factory equipment a $2,582 September utility bill received in September, to be paid in October a shipment of products in September for which customers paid $1,070 in August 6. What would be the effect of these entries on total equities in September? OA: $-1,343 B: $-1,948 OC: $-2,824 OD: $-4,095 E: $-5,937 OF: $-8,609 Submit Answer Tries 0/99 7. What would be the effect of these entries on total liabilities in September? OA: $7,412 B: $8,376 C: $9,465 D: $10,695 E: $12,086 Submit Answer Tries 0/99 F: $13,657 X Company, a merchandiser, prepares monthly financial statements. The following are account balances in November: November 1 November 30 Accounts Payable $58,149 $41,296 Merchandise Inventory $53,894 $29,828 In November, payments of Accounts Payable were $327,415, and Cost of Goods Sold was $334,628. Assuming that all merchandise purchases were on account, what were merchandise purchases in November? OA: $48,452 B: $70,255 C: $101,870 OD: $147,711 E: $214,181 F: $310,562 Submit Answer Tries 0/99