Answer:
B&T Company's factory overhead incurred for May is $8,890
Explanation:
Manufacturing overhead is all indirect costs incurred during the production process, includes indirect labor cost.
In B&T Company,
Factory overhead incurred for May = Indirect labor cost + property taxes on production facility cost + factory heat, lights and power cost + insurance on plant and equipment cost = $6,800 + $830 + $1,030 + $230 = $8,890
Answer:
the phrases "probationary employee" and "permanent employee"
Explanation:
Based on this information he should suggest that the phrases "probationary employee" and "permanent employee" be edited or removed to avoid implied contracts that might negate the company's employment-at-will rights. This refers to the rights of an employer to be able to terminate the employee at any time that they see fit but only if they have a valid and legal reason. Otherwise they will be legally liable.
Answer:
Equivalent units for materials in beginning work process is 6,940 units Equivalent units for conversion in ending work process is 6,800 units
Explanation:
Beginning work process:
Equivalent units for materials = 6,100 + (1,400 × 60%) = 6,940 units Cost per equivalent unit for materials = ($7,800 + $102,700) ÷ 6,940 = 15.92
Ending work process:
Equivalent units for conversion = 6,100 + (1400 × 50%) = 6,800 units
Cost per equivalent unit for materials = ($9,100 + $184,000) ÷ 6800 = 28.40
Cost of ending work in process = (1,400 × 60%) × 15.92219 +(1400 × 50%) × 28.39706
= 33,253 (Rounded off)
Answer:
scenario 1
owner made no investment in the business and no dividend were paid during the year,<em> there may be no income or net loss incurred by the business. there is no decrease or increase in equity.</em>
scenario 2
owner made no investments in the business but dividend were $700 cash per month, <em>the net income earned during the year equal $700*12 = $8,400.</em> <em>There is no changes in equity</em>
scenario 3
No dividend were paid during the year but owner invested an additional $45,000 cash in exchange for common stock. <em>There will be increase in equity by $45,000 but net income or net loss cannot be determined</em>
scenario 4
Dividend were $700 cash per month and the owner invested additional $35,000 cash in exchange for common stock. <em>The net Income earned will $8,400 while $35,000 will added to equity as additional capital.</em>
Explanation:
Answer:
The correct answer is A
Explanation:
Adam Smith is one of the first theorist who refer to the system of capitalism. Under this system, he asserts that when the person or an individual conduct or make a trade, they value what they bought more than they value what are exchanging for the commodity.
So, under this system, he believed that the fair as well as correct prices of the commodity or the goods will be determined through the competition among the businesses.
