Revenue Recognition is one of the principles of accounting which explain the conditions for recognition of a Revenue. According to this principle, a business should record the revenue when the goods or services are provided to customers. The principal further explains that the revenue should be measurable in terms of money and the collection of revenue should be done or it should be receivable.
Hence we can say that "record revenue when goods or services are provided to customers" is the definition of <u>Revenue Recognition</u> principle in accounting.
The Maslow hierarchy of needs is an interesting scheme to classify our needs. The most necessary one are at the bottom of the pyramid; Physiological needs like food and water are the most essential ones. Then follows safety, the feeling of love or belonging and having self-esteem, namely thinking that you are worthy. In the end, the highest level of needs is the need for self-actualization, the need to fulfill our potential and to achieve the goals we set out to achieve. While dexter would focus on the bottom of the table, antonio would give more emphasis on the need for self-actualization since according to his opinion this is an important factor enhancing worker priductivity.
Answer:
D) Bike 4
Explanation:
Marginal cost is the additional expense associated with the production of an extra unit. Calculating marginal costs will involve isolating the expense of the last unit from the previous productions.
The graph has already isolated the cost of the extra unit from the previous output.
From the graph, Bike 4 has a marginal cost of 4.
Answer:
I'm pretty sure it's A, "complete a certification or qualification program offered by a professional association."
Explanation:
I believe this as it makes sense and I've had a question similar to this and got it right as the question and options where quite the same.
Answer:
The product cost for 24,500 units is $497,350.
Explanation:
The reason is that the the product cost always includes all the variable production cost and specific fixed production cost. In this scenario, direct material cost, direct labor cost, variable manufacturing overhead cost are variable production cost whereas the fixed manufacturing cost is specific fixed production cost which will form part of product cost. The remainder of the cost left is period cost.
Direct materials (24,500 * $7.7 per unit) $188,650
Direct labor (24,500 * $4.7 per unit) $115,150
Variable manufacturing overhead (24,500 * $2.2 per unit) $53,900
Fixed manufacturing overhead (24,500 * $5.7 per unit) <u>$139,650 </u>
Total product costs $497,350
