Answer:
$204,000
Explanation:
Given that
Total manufacturing costs = $320,000
Manufacturing overhead = $52,000
Direct materials = $64,000
The computation of direct labor cost is shown below:-
Direct labor cost = Total manufacturing costs + Manufacturing overhead + direct materials
= $320,000 - $52,000 - $64,000
= $204,000
Therefore for computing the direct labor cost we simply applied the above formula.
Answer:
False.
Explanation:
Accounting systems that use standards for product costs are standard cost systems.
In Financial accounting, various business firms or companies use the standard cost systems to determine the variances or differences between the actual (real) cost of goods produced and the estimated cost for the goods that were produced by the company.
Hence, standard cost systems are used by business firms or companies as a strategic tool or technique for the management and control of costs, budget planning, and analyzing cost management performance at a specific period of time.
A. Wages is the general term for the payments for the use of resources
Answer:
Face Value of Bonds = $100000
Unamortized Premium = $2000
Conversion of Equity Shares = 2000 * $20 = $40,000
Paid in Capital in Excess of Par = $100000 + $2000 - $40000 = $62000
Journal Entries
Account Title & Explanation Debit Credit
Bond Payable Account $100000
Unamortized Premium $2000
Common Stock $40000
Paid in Capital in Excess of par $62000
(To record conversion of Bonds)
Answer:
Sustainability
Explanation:
Sustainability can simply be defined as the meeting of present needs while also making room to meet future needs as well. On another hand, sustainability can be defined as the provision of current needs without jeopardizing provision for future needs.
Sustainability aims to look at the provision or meeting of needs or obligations at present and future times, making sure that none affects the other.
Sustainability is important in any business as it the key to any business standing the test of time and becoming reputable. Also, sustainability heps a business to attract employees and customers alike, it improves the business reputation as well as maintain the joy of shareholders among other things.
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