In a job order cost system, factory wage expense is debited to work in process inventory.
Explanation:
The costing of job orders is a system for assigning and accumulating production costs for a single production unit. When different produced items differ enough and each has considerable costs, the job order costing system is used.
The costs of each jobs include direct materials, direct work and production overhead in order to summarize the cost system for jobs. While the product is being produced, the process inventory includes direct materials and direct labor costs.
Answer:
c. book value per share.
Explanation:
The Total stockholders' equity is reflected on the balance sheet along with the total assets and the total liabilities
The formula to compute the book value per share is
= Total stockholders' equity ÷ number of common stock shares outstanding
By dividing the total stockholders' equity by the number of common stock shares outstanding we get the book value per share
The difference between a business revenues ans its expenses is known as its profits
Answer:
a deficit budget
Explanation:
A budget is a plan detailing how an individual, a firm, or a government will spend its anticipated revenue. In short, a budget is a plan of expenditure. Budgets are usually prepared at the beginning of a period to guide the use of available resources.
An ideal situation is when the planned expenditure equal to the expected income. Such a plan is called a balanced budget. However, in some circumstances, the planned expenditure exceeds the projected income. That budget is a deficit budget.
Answer:
Skylar wants to pay off her college student loans within five years and Lukas wants to earn at least $40,000 per year.
