Answer: Straight line method is $7,400 per year.
Double declining balance method is $ 14,800 per year.
Explanation:
Depreciation on a straight line basis is calculated thus:
Cost - Residual value/ useful life
= (36,000 - 6,400)/ 4
= 7,400 per year
Depreciation on double declining method is calculated thus:
100% / useful life
100%/4 = 25
25%*2= 50%
Cost - residual value * 50%
36,000 - 6,400* 50%
29,600* 50%
=$14,800 for the first and second year
Answer:
warranty
Explanation:
A warranty is a guarantee from a seller to buyer promising to if necessary repair or replace the purchased item with a stated period.
Answer:
B) Direct materials are used to determine total inventoriable product costs.
Explanation:
Product costs includes direct materials, direct labor & manufacturing overhead.
This makes Choice B a description of direct materials in a manufacturing setting. All other choices are false.
Their is a chance to use direct labor as a basis for manufacturing overhead but not direct materials.
Direct materials can be separately and conveniently traced.
And finally, as stated above, direct materials are part of the finished product.
It is because they do hard stuff and the economy is good.
In the new-product development process, this stage is called: Test Marketing.
Test Marketing is an experiment oversight in a field laboratory (the test market) comprising of actual store and real-life buying situations, without the buyers knowing they are partaking in an evaluation exercise.
