Answer:
See below
Explanation:
1. Classify each of the products as period or product cost .
Direct materials - Product cost
Direct labor - Product cost
Manufacturing overhead - Product cost
Selling expense - Period cost
2. The total product cost for last month is calculated as;
= Direct materials + Direct labor + Manufacturing overhead
= $8,000 + $3,100 + $2,500
= $13,600
Therefore, total product cost for last month is $13,600
Answer:
d. never owned by the consignee.
Explanation:
The consignor is the business that gives merchandise to the consignee so that it can sell it. The consignor is the owner of the merchandise that is given in consignment, not the consignee. This merchandise must be reported in the consignor merchandise inventory in the balance until it is sold. Once it is sold, an accounts receivable is created.
Answer:
unsecured loan
Explanation:
Loans that are issued without the need for collateral are unsecured loans. The loans are not backed by any financial asset. A lender will use different criteria to qualify a borrower for unsecured loans. Should a client with an unsecured default, the bank does not have rights to the physical properties of the client.
In most cases, banks will have schemes through which customers qualify for unsecured loans. For example, a bank can negotiate with its corporate clients for the employees' to qualify for unsecured loans. There also schemes for students and clients with good credit scores to get unsecured loans.
The given scenario is referred to as product bundle pricing.
Option E
<u>Explanation:
</u>
Product bundles consist of various individual products or services sold as a merged package to consumers. For particular, brand bundles consisting of complementary products or, less often, similar products are considered "package deals."
When retailers sell multiples of exactly the same items, it is usually called "a multipack," not a package of items.
For example, a stationary meal in a restaurant or a beach package that contains sunscreen, sand-sheets, towels, and flip-flops as just a product that can be purchased.
Many stores only market many stock products in a consumer package rather than as single or packaged pieces. The package generally costs less for retailers selling identical items separately and as part of a consumer bundle than if a buyer bought the items separately.
Answer:
Mr Curtis can deduct his total property taxes of $ 7,810.00 as well as the Indiana state income tax of $8,120.00 ,since this exceeds the Indiana state sales tax on consumer goods and services of $2,890.00 paid by Mr Curtis during the year.
Finally,the remaining are not deductible
Explanation:
In other words the following taxes are not deductible:
1.Federal income tax $72,250.00
2.Federal gift tax $361
3.The Federal payroll tax for housekeeper $1,301
4.Indiana sales tax on consumer goods and services$2,890
Lastly the property taxes deductible is computed thus:
Principal residence $3,980.00
Vacation home $2,530.00
Two automobiles $1,300.00
Total $ 7,810.00
