Answer:
they are debited to a Work in Process account
Explanation:
The journal entry to record the assignment of manufacturing overhead costs to production in a process cost system is done as follows:
Work - In Process (debit)
Overheads (credit)
Answer: E) Many people who work for manufacturing plants live in areas in which the manufacturing plant is the only source of employment.
Explanation:
The scenario that'll make the labor union accept Richard's suggestion to lower the wages is when many people who work for manufacturing plants live in areas in which the manufacturing plant is the only source of employment.
The reduction in wages by Xanadu Industries wouldn't bring about loss.of workers as the manufacturing plant is the only industry in the area. Another way the company can reduce cost is through the reduction in its raw materials cost. If the employees aren't satisfied due to the reduction in wages, they can look for employment at Utopia Industry.
Therefore, the correct option is E.
Answer:
(US)$136,36
(CA)$154
NO
NO
Explanation:
Hi, to answer the first question we have to divide the price of the textbook in Canada $150(CA) by $1.10.( since (CA) $1.10 = (US) $1.00.)
U.S. price of the textbook purchased in Canada: 150/1.10 = (US)$136,36
Canadian price of the textbook purchased in the U.S: $140 x 1.10 = (CA)$154
Taking shipping costs into account, (US) $5.00 if we purchase the book in the U.S. and sold in it Canada, it will cost:
$154(CA) + (5(US) X 1.10 ) = 154 (CA) +5.5 (CA)= $159.5(CA)
The textbooks are likely to be purchased in Canada directly, because they are cheaper ( $159.5(CA) >$150(CA))
Taking shipping costs into account, if we purchase the book in the Canada and sold in it the US, it will cost:
$136 + $5 = $141
The textbooks are likely to be purchased in the USA directly, because they are cheaper ( $141(US) >$140(US))
Answer:
Liabilities
Explanation:
Unearned revenues are written as liabilities in the balance sheet of a firm. They are regarded as liabilities because the revenue is still unearned. An example is advance rent payment.
It is a prepayment for a good or service that has not been rendered to the customer yet by the provider. The provider or seller now has a liability equal to the revenue they have received till they provide that service for which they were paid
