This is true. ..............
Answer:
$219,000
Explanation:
For computation of cost of goods manufactured for May first we need to find out the total manufacturing cost is shown below:-
Total manufacturing cost = Direct material + Direct labor + Manufacturing overhead cost applied to Work in Process
= $60,000 + $90,000 + $64,000
= $214,000
cost of goods manufactured for May = Total manufacturing cost + Beginning work in progress - Ending work in progress
= $214,000 + $20,000 - $15,000
= $234,000 - $15,000
= $219,000
Answer:
A. T Account balance $19,100
B. $31,600
C.$31,600
Explanation:
Sarah Simmons Enterprises
A.
T-account account
Dr Cr
Dr C/o 10500 Cr Beginning balance 29,600
Cr C/o 10500
Cr Balance 19,100
b.
Simmons enterprise retained earnings ending balance will be:
Retained earnings 29,100
Less Dividends 10,500
Balance 19,100
Add (10,500+2,000) 12,500
Balance 31,600
C. Ending balance of Simmons, Capital will be 31,600 just as in ( b) where the retained earnings ending was 31,600
Answer:
The answer is:
A - Non-value-added
B - Non-value-added
C- Value-added
D- Non-value-added
E - Value-added
F - Value-added
G - Non-value-added
H- Non-value-added
Explanation:
In activity-based costing, Non-value-added activities are activities that add costs to ones product without enhancing the value while value-added is a cost that enhance the quality of a product or service.
A - Non-value-added
B - Non-value-added
C- Value-added
D- Non-value-added
E - Value-added
F - Value-added
G - Non-value-added
H- Non-value-added
Correct/Complete Question:
The physical condition of the land and improvements being purchased are NOT guaranteed by either sellers or broker, except as specifically set forth in the purchase agreement. For this reason, brokers require their salespeople to powerfully advise all buyers:
A. of their right to have a personal and professional inspection of the property they are purchasing.
B. purchase errors and omissions insurance for the buyer.
C. to spend at least one night in the house before purchasing.
D. Sign the "safe harbor provision."
Answer:
A. of their right to have a personal and professional inspection of the property they are purchasing.
Explanation:
In the sale of property, either land or house, it is important for salespersons to strongly let buyers know that they have the right to personally and professionally have the property inspected.
This is to avoid a situation where the buyer pays for the property then comes back to say something or some part of the property isn't what it is.
So by inspecting the property personally and professionally, the broker and salesperson are absolved of any issue that might arise from inspection.
Cheers.
