Companies often do work on a cost-reimbursement basis. That is, Company B reimburses Company A for the cost of doing work for Company B. Suppose your company has a contract that calls for reimbursement of direct materials and direct labor, but not overhead. Following are costs that various organizations incur; they fall into three categories: direct materials (DM), direct labor (DL), or overhead (OH). Classify each of these items as direct materials, direct labor, or overhead.
The percentage sign represents zero, one, or a couple of characters. The <u>underscore </u>represents a single wide variety or a character. The wildcard character, the <u>underscore,</u> would match a single character.
<h3>What do you know about LIKE logical operator?</h3>
SQL Server LIKE is a logical operator that determines whether a character string fits in a separate sample. A pattern may also include ordinary characters and wildcard characters.
The LIKE operator is used withinside the WHERE clause of the SELECT, UPDATE, and DELETE statements to clear out rows primarily based totally on sample matching.
Thus, Underscore(_)LIKE logical operator would match a single character.
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<span>when the sets are completely finished, the cost should be transferred to: </span>W<span>IP inventory-Finishing
WIP stands for work in progress, which is an account to placed all the amount of manufactured product that still not ready to be sold to the market.
Since the manufacter process is in finishing stage (coloring/packing), the appropriate account should be </span>WIP inventory-Finishing
I will stop what I am doing to go open another cash register so things will move by quicker and customers won't get irritated
Answer:
Explanation:
A. The journal entries are shown below:
On September 12
Investment A/c - Bengals Inc A/c Dr $598,220 (42,730 × $14)
To Cash A/c $598,220
(Being the acquired investment including brokerage commission is recorded)
On December 31
Unrealized gain or loss on available-for-sale securities A/c Dr $85,460
To Valuation allowance for available-for-sale securities $85,460
(Being decline in share value is recorded)
The computation is shown below:
= 42,730 shares × ($14 per share - $12 per share)
= 42,730 shares × $2 per share
= $85,460
B. The unrealized gain or loss for available-for-sale investments is shown in the Stockholder equity section on the balance sheet. It is to be shown in the negative item in the equity section.
