Answer:
Total product cost= $169,000
Explanation:
<u>The product cost is calculated using the direct material, direct labor, and manufacturing overhead:</u>
<u></u>
Direct materials $ 79,000
Direct labor $ 40,000
Variable manufacturing overhead $ 19,000
Fixed manufacturing overhead 31,000
Total product cost= $169,000
Answer:
D) Debit income summary 187000, credit revenues 187000
Explanation:
When dividend is declared, following journal entry is passed
Retained Earnings Dr.
To Dividend Payable
(Being declared dividend recorded)
When dividends are actually paid, the journal entry is
Dividend Payable A/C Dr.
To Cash A/C
(Being dividend paid recorded)
Income summary account is prepared as a temporary account while income statement represents permanent account.
Income summary shows net income balance i.e Revenue less expenses.
As per the given information in the question, debiting income summary account with total revenues of $187000 would be wrong.
Answer:
3.87%
Explanation:
Data provided in the question:
Income needed by the central city = $3,560,000
Total Value of the property for the taxation = $92,000,000
Now,
The income needed by the central city = Tax collected
or
The income needed by the central city = Total Value of the property for the taxation × Tax rate
or
$3,560,000 = $92,000,000 × Tax rate
or
Tax rate = $3,560,000 ÷ $92,000,000
or
Tax rate = 0.0387
or
Tax rate = 0.0387 × 100%
= 3.87%
Vertical marketing systems are professionally managed and centrally coordinated marketing channels that are designed to achieve channel savings and maximize marketing impact.
<h3 /><h3>How do vertical marketing systems work?</h3>
The distribution channel system is organized and structured, where there is the integration and collaboration of wholesalers and retailers to increase the quality and speed with which the product reaches the end customer.
Therefore, this is a strategy implemented to generate value for the consumer, competitiveness and market positioning.
Find out more about Vertical marketing systems here:
brainly.com/question/6641095
