Answer:
Explanation:
debit Unearned Revenue 200
credit Revenues 200
To realize one month of insurance premium revenue
Answer:
The Cost of Goods Sold or COGS for the period was $85000
Explanation:
The cost of goods sold is the value or cost of inventory that has been sold off during the period. The Cost of Goods Sold of COGS can be calculated as follows,
COGS = Opening Inventory + Purchases - Closing Inventory
COGS = 50000 + 75000 - 40000
COGS = $85000
So, the Cost of Goods Sold or COGS for the period was $85000
Answer:
b. Britain (France)
Explanation:
The nominal exchange rate is the rate at which an individual can trade the currency of his country for another country.
According to the numbers given for exchange rates, the real exchange rate between American and foreign goods is lowest with Britain.
Answer:
Unitary variable cost= $40
Total variable cost= $800,000
Explanation:
Giving the following information:
Direct materials $ 10 per unit
Direct labor $ 20 per unit
Overhead costs for the year Variable overhead $ 10 per unit
Fixed overhead $ 160,000
Units produced 20,000 units
Unitary variable cost= direct material + direct labor + manufacturing overhead= 10 + 20 + 10= $40
Total variable cost= 20000units* 40= $800,000
