Answer:
contribution margin ratio. = 0.62
Explanation:
The first concep to define would be contribution margin:
Contribution margin is the amount left after deducing the variable cost.
Now the Contribution Margin ratio would be:
This represent how much is left per dollar of sale
So a ratio of 0.25 means that per every dollar of sales, the business generates 0.25 cent of contribution
Now that we got this clear, we proceed with the calculation:
The fixed cost are irrelevant for this calculations.
Answer:
1. Expenses of the current period --> Period Cost
2. Applied overhead is more than actual overhead incurred -->
d. Overapplied overhead
3. Typically used by companies that make custom products -->
a. Job order cost system
4. Typically used by companies whose products are indistinguishable from each other. -->
b. Process cost system
5. Applied overhead is less than actual overhead incurred. -->
c. Underapplied overhead
Explanation:
1) as are not capitalzied throught an asset account are considered expense of the period
2) and 5) When we apply above then, there capitalization of cost that weren't incurred so we have to reduced.
When we apply below, we need to capitalize more
3) Job Order makes each job account for their materials and labor making more possible the itemization
4) process cost works with equivalent units to detemrinate the production of the period as it is constant the product from one bathc to another have no difference.
Answer:
Below is the Journal entry to record Giblin's Goodies Adjusting entry and Reversing entry to follow:
Explanation:
Date: October 31
Debit: Salaries and Wages Expense $4,500
Credit: Salaries and Wages Payable $3,545.75
Credit: Federal income tax Payable $520.00
Credit: Social Security tax Payable $279.00
Credit: Medicare tax Payable $65.25
Credit: State income tax Payable $90.00
<em>To record Salaries and Wages Payable.</em>
Date: November 1
Debit: Salaries and Wages Payable $3,545.75
Credit: Cash $3,545.75
<em>To record payment of Salaries and Wages.</em>
The answer should be A. Denotation is the definition of a word, and connotation is weather the word is positive or Negative, like how slim is positive and scrawny is negative.
Answer:
18.60%
Explanation:
Total labor force = $8 million + $35 million = $43 million
Unemployment Rate = (Unemployed/Labor force)*100
Unemployment Rate = $8 million/$43 million * 100
Unemployment Rate = 0.1860465 * 100
Unemployment Rate = 18.60%