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On December 2, 2017, Ewell, Inc purchases land

In payment for the land, Ewell, Inc issues 6,000 shares of common stock with $6 par value. The land has been appraised at a market value of $430,000. Which of the following is included in the journal entry to record this transaction? A) debit Common Stock-$6 Par Value for $36,000 and debit Paid-In Capital in Excess of Par -Common $394,000 B) credit Common Stock-$6 Par Value for $36,000 and credit Paid-In Capital in Excess of Par-Common $394,000 C) credit Common Stock-$6 Par Value for $430,000 D) debit Cash $430,000

Mermaid Outfitters projected sales of 78,000 units for the year at a unit sales price of $15

00. Actual sales for the year were 70,000 units at $15.00 per unit. Variable costs were budgeted at $4.50 per unit, and the actual variable cost was $4.80 per unit. Budgeted fixed costs totaled $376,000, while actual fixed costs amounted to $400,000. What is the sales volume variance for operating income? A) $39,000 unfavorable B) $84,000 unfavorable C) $84,000 favorable D) $45,000 unfavorable