Majestic corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead. the following information relates to the company's manufacturing overhead data: budgeted output units 31 comma 000 units budgeted machineminushours 16 comma 585 hours budgeted variable manufacturing overhead costs for 31 comma 000 units $ 381 comma 455 actual output units produced 34 comma 000 units actual machineminushours used 14 comma 500 hours actual variable manufacturing overhead costs $ 424 comma 791 what is the flexibleminusbudget variance for variable manufacturing overhead? a.$ 6 comma 421$6,421unfavorableb.$ 43 comma 336$43,336unfavorablec.$ 43 comma 336$43,336favorabled.$ 6 comma 421$6,421favorable

Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?