Answer:
Under variable costing, fixed manufacturing overhead is expensed as period expenses.
Explanation:
Option <em>A</em> is wrong because under absorption costing, fixed manufacturing overhead is expensed as product expenses.
Option <em>B</em> is incorrect because Under variable costing, direct materials and direct labor are expensed as product expenses.
Option <em>C</em> is false because Fixed manufacturing overhead costs are treated as product cost under absorption costing and period cost under variable costing.
Therefore, option E is correct as fixed manufacturing overhead is expensed as period expenses under variable costing.
Answer:
Because you chose to go to college instead of working, your opportunity cost is actually the sum of your college expenses plus the money you could have earned had you chosen not to work.
Explanation:
There are five main categories of expenses to think about when figuring out how much your college education is really going to cost: tuition and fees, room and board, books and supplies, personal expenses, and transportation. You can control some of these costs to some extent.
<em>Cross Profit :</em>
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<em>The profit a company makes after deducting all costs associated with creating and selling its products or services is known as gross profit. By subtracting the cost of goods sold (COGS) from total sales, you may compute gross profit.</em>
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<em>Gross Loss Carriage :</em>
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<em>the entire sum of a company's losses from various operations in a given period, even if some of these activities are profitable: The corporation announced a second-quarter gross loss of $17.15 billion today.</em>
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Answer:
Schedule:
![\left[\begin{array}{cccccc}$Period&$Beginning&$Installment&$Interest&$Amortization&$Ending\\1&113515&15700&0&15700&97815\\2&97815&15700&2934&12766&85049\\3&85049&15700&2551&13149&71900\\4&71900&15700&2157&13543&58357\\5&58357&15700&1752&13948&44409\\6&44409&15700&1333&14367&30042\\7&30042&15700&902&14798&15244\\8&15244&15700&456&15244&0\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccccc%7D%24Period%26%24Beginning%26%24Installment%26%24Interest%26%24Amortization%26%24Ending%5C%5C1%26113515%2615700%260%2615700%2697815%5C%5C2%2697815%2615700%262934%2612766%2685049%5C%5C3%2685049%2615700%262551%2613149%2671900%5C%5C4%2671900%2615700%262157%2613543%2658357%5C%5C5%2658357%2615700%261752%2613948%2644409%5C%5C6%2644409%2615700%261333%2614367%2630042%5C%5C7%2630042%2615700%26902%2614798%2615244%5C%5C8%2615244%2615700%26456%2615244%260%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Journal entries:
equipment 113,515 debit
lease liablity 97,815 credit
cash 15,700 credit
--to record lease agrement and first payment.
interest expense 2,934 debit
lease liability 2,934 credit
--to record interest for the year 2021--
lease liablity 15,700 debit
cash 15,700 credit
--to record Jan 1st,2022 Payment--
Explanation:
As the payment are at the beginning there is no interest in the first period.
We record the expense for the year at Dec 31th Increasing the liability. When paying we increase decrease the liability and cash.
Scott was denied the loan because he was not old enough to qualify.
<h3>What is the Payday loan?</h3>
Payday loan is a type of unsecured loan in which high rate of the interest is given to the borrower. It is a kind of the short term loan basically for the two weeks.
According to the above situation, Scott is cannot get the payback loan because he is minor to sanction a loan. He must have the age of 18 years or above.
Learn more about payday loan here:
brainly.com/question/3949419
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