Answer:
Cost of goods sold.
Explanation:
Equity method in accounting is the process by which profits and losses of a company are allocated on the basis of investments made in it. Take for example a parent company has a 40% stake in a subsidiary. When the subsidiary makes profit or loss the parent company recieves a share.
The investor is usually referred to as an associate or affiliate and usually own 20-50% of voting shares in the company. Therefore the equity method is used and not the cost method.
To account for unrecognised intra-entity profit a credit will be passed to cost of goods sold.
Answer:
$8.00
Explanation:
The computation of total manufacturing cost for one teddy bear is shown below:-
50% of sewing cost $15,000 = $7,500
35% of processing cost $10,000 = $3,500
Total cost assigned to teddy bear = $7,500 + $3,500
= $11,000
Direct material = $2
Direct labor = $0.50
Overhead per unit = Total cost assigned to teddy bear ÷ Each months teddy bears manufactured
= $11,000 ÷ 2,000
= $5.50
Total cost per unit = Direct Material + Direct Labor + Overhead per unit
= $2 + $0.50 + $5.50
= $8.00
Find common denominators. What you do to the denominator, you do to the numerator.
(2/5)(7/7) = 14/35
(3/7)(5/5) = 15/35
14/35 - 15/35 = -1/35
If you meant to put addition, then your answer will be D) 29/35.
14/35 + 15/35 = 29/35
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