Solution:
Instructions Journalize the April transactions:
Date Account Titles and Explanation
4/30 Work in Process—Cooking
Work in Process—Canning
Raw Materials Inventory
4/30 Work in Process—Cooking
Work in Process—Canning
Factory Labor
4/30 Work in Process—Cooking
Work in Process—Canning
Manufacturing Overhead
4/30 Work in Process—Canning
Work in Process—Cooking
Cooking and out the debits
Debit Credit
22,800
10,900 33,700
9,400
7,230 16,630
33,800
28,100 61,900
55,900
55,900
Answer:
C. cyclical unemployment rate is 4 percent.
Explanation:
The cyclical unemployment is associated with business cycles of recessions and expansions. The actual unemployment rate is given by the natural rate of unemployment added to the cyclical unemployment rate. In this case, the cyclical unemployment rate is:
The answer is C. cyclical unemployment rate is 4 percent.
Answer:
(1) understated
(2) understaded
(3) unchanged
Explanation:
The amount of equivalent units will be higher as the ending inventory of work in process will be above of what it should be.
As we have more equivalent untis the cost per equivalent unit will be lower:
So both, conversion cost and total cost per equivalent untis will e lower than it should be as are getting divided over a larger amount.
the physical amount of units worked during the month and those which are complete will not be affected as the percentage of completion is an accounting tool to calculate the cost not to count the amount of units in possession
The answer is frequent sales:
This is because all the other answers would make the shop lifter feel discouraged as there is a lot of security, when more sales would most likely have no affect
Answer:$81
Explanation:
The options given are:
a. $76
b. $80
c. $81
d. $82
If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.
The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.
The fair value amount include the transaction costs, which give $80 + $1 = $81
The fair value amount is $81.
