To respond to the structure of its industry, an organization should choose a __________.
Competitive strategy
Answer:
The journal entry is :
Debit : Work In Process $21,000
Credit : Direct Labor Cost $18,000
Credit : Indirect Labor Cost $3,000
Explanation:
The Work In Process Account is used to accumulate the manufacturing costs during the production period. Debit this Account with any costs incurred in manufacturing to show increase in the Product Cost and Credit the respective labor accounts to show decrease or utilization of these accounts. Note the remainder of costs of $18,000 goes to direct labor.
Answer:
Follows are the solution to this question:
Explanation:
Intelligent learning
Trail balance until closure
31st December 2016.
Account- title Dr. Cr.
Receivable Accounts 1,300
cash 45,710
Furniture 9,100
Office materials 350
Insurance prepayments 1,050
Accumulated deprecciation - Furniture 100
payable wages 4,600
Unearned income 4,400
Common inventory 35,500
retention of profits 12,910
Total 57,510 57,510
Since property taxes are paid on the value of the property, the new owners will pay <u>A. One percent of $289,000.</u>
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Data and Calculations:
Appraised value of property = $289,000
Asking price = $290,000
Sales price = $275,000
Property tax = 1% of $289,000 (or $2,890)
Thus, the new owners of Dave's home will pay <u>A. One percent of $289,000</u> in property taxes.
Learn more about property taxes here: brainly.com/question/13887483