Answer:
Definitive estimate
Explanation:
The definitive estimate shows the most accurate or correct estimation for the amount of work and the resources required for finishing the project. It is the estimate in which the organization commits to an order to the baseline
So as per the given situation, the accurate estimated i.e. should be created only after most design work is finished is known as the definitive estimate
Answer:
Explanation:
Foreign aid and national borrowing are some of the ways in which a country can be assisted financially. According to countries offering financial assistance, it is a form of investment while to the countries at the receiving end, it is a source of capital. For it to be a win-win situation, projects emerging from the capital should be contracted with the granting country as a form of appreciation.
Answer:
If Concord Corporation purchase from outside it total cost will increase by $4500.
Explanation:
Cost of producing the units using current production:
Direct Material Cost $21000
Direct Labour Cost $5500
Variable Overhead Cost $19000
Total Cost of Production $45500
So, Purchase cost minus production cost
Gives $50000 - $45500 increase in cost purchase over production by $4500
Note:
Fixed cost is irrelevant for Concord Corporation either purchase or produce it will remain same.
Answer:
Particulars Amount
Purchase price of equipment $79,400
Less: Depreciation expenses <u>$39,700</u>
Value of equipment <u>$39,700</u>
Particulars Amount
Sales price of equipment $31,200
Value of equipment <u>$39,700</u>
Section 1231 Ordinary loss -<u>$8,500</u>
Answer:
Molding Department Work In Process Account (debit)
Assembly Department Process Account (credit)
Explanation:
When the molds are then transferred to the Assembly Department the Journal entry entry will be :
<em>Molding Department Work In Process Account (debit)</em>
<em>Assembly Department Process Account (credit)</em>
This recognises accumulation of manufacturing cost in Molding Department and de-recognises the Inventory in Molding Department Work In Process Account.