Answer:
Net income decreased by $4,850,000.
Explanation:
Given total overhead applied = $48000000
The actual overhead = $52850000
Over/under Applied overhead = total overhead applied - Actual overhead at the end of the year.
Over / under Applied overhead = 48000000-52850000
Over / under Applied overhead = -$4850000
From the calculation, it can be seen that the overhead is underapplied therefore when under applied overhead allocated to cost of goods sold then cost of goods sold decreased by $4850000.
A sale consists of the passing of the<u> title of goods</u> from the seller to the buyer for a price.
A price is the amount of payment or compensation (usually non-negative) that one party gives to another party in exchange for goods or services. In some cases, the production price is given another name.
If the product is a commercial "commodity", the payment for that product may be referred to as the "price". However, if the product is a "service", the product may have other names.
For example, the following graph shows several situations The price of a commodity is affected by the cost of production, the supply of the desired item, and the demand for the product. Prices are either set by the monopoly or imposed on the company by market conditions.
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Answer: <em>Their</em><em> </em><em>assignment</em><em> </em><em>and</em><em> </em><em>important</em><em> </em><em>instructions</em>
Answer:
C. It allows people to buy, sell, and trade goods efficiently
Answer: i would guess it would be inflation, but im not sure. thats my best guess.
Explanation: if the overall pricing of things is rising its inflation
