Answer:
B. Work-in-Process Inventory-Dept. 2 750 Work-in-Process Inventary Debit. 1 750
Explanation:
The journal entry to record this transaction is shown below:
Work-in-Process Inventory A/c - Department 2 $750
To Work-in-Process Inventory A/c - Department 1 $750
(Being the completed units are transferred)
For recording this transaction we debited the work in process department 2 and credited the work in process department 1
D. Manage the technological areas pf the company
Answer:
Variable cost per unit= $4
Explanation:
Giving the following information:
Georgia had total costs of $50,000 at its lowest level of activity when 5,000 units were sold. When, at its highest level of activity, sales equaled 12,000 units, total costs were $78,000.
Using the high-low method, we need to use the following formula to determine the unitary variable cost:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (78,000 - 50,000) / (12,000 - 5,000)
Variable cost per unit= $4
Answer:
Profit maximization refers to a method adopted by the company to earn more amount of profit through its business operations and investments. Under this, a firm focuses that every decision should contribute profit in the account of the organization.
Explanation:
