Answer:
Option (c) is correct.
Explanation:
Given that,
Labor costs = $175,000
Production order = $150,000
General factory use = $25,000
Factory overhead applied to production = $23,000
Therefore, the journal entry is as follows:
Work in process A/c Dr. $23,000
To Factory overhead $23,000
(To record the factory overhead applied to production)
Answer:
Option D, E and F. See below for information.
Explanation:
Costs are capitalized when they form a principal part of the asset. These costs may include any costs that are needed to make the asset operational and any costs that are incurred to bring the asset to operating premises.
As such the $15,000 freight bill that brings the asset in premises, the invoice price of $500,000 which comprises the cost of the capital asset and the one time cost of $8,000 to tear down the wall and install the asset are all capital costs and are to be capitalized in the final cost of the asset to be recorded.
All other are annual expenses are not to be capitalized (Option a, b and c)
Hope that helps.
Answer:
Horizontal Communication Line
Explanation:
Horizontal communication flows as the name implies is form of communication from managers who are on the same level in the organization. This type of trend of communication allows managers to interact with other managers without involving subordinates at the other different levels in the organization.
Hey below is an image of the solution
It is best that when teenagers get an account, that they get one that has no fees because they have a limited amount of money coming in.
In general, teenagers don't earn a lot of money, any bank account that they get therefore, should be one that doesn't reduce this little amount of money that they get.
It is therefore best that teenagers try to find accounts that have little or reduced fees. To this end, some banks offer teenage savings accounts that:
- Don't charge for ATM withdrawals
- Don't charge for transactions on a debit card
In conclusion, teenagers should try to get accounts that do not have fees attached so as not to reduce the limited income they probably get.
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