Answer:
the market quantity supplied is less than 250 scoops when the price is $2 per scoop
Explanation:
When price is $2, the total quantity supplied = 20 + 50 + 35 + 100 + 40 = 245
At the price $2, the total quantity supplied is less than 245
C is the correct answer to the question.
Answer:
a debit to accounts receivable and a credit to sales.
Explanation:
A periodic inventory system can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.
Under a periodic inventory system, updates of the journal entry for cost of goods sold (sales) would include debiting accounts receivable and crediting sales on a periodic basis.
Additionally, the periodic system of inventory is a function of the cost of goods sold.
Answer:
A tort is a legal term describing a violation where one person causes damage, injury, or harm to another person.
hope this helps!
Answer:
$48,640
Explanation:
With regards to the above, first we have to compute the direct labor hours.
Direct labor hours = Direct labor cost / Per hour rate
= $76,800/30
= 2,560 hours
Now, the allocated manufacturing overhead cost equals
= Direct labor hours × Manufacturing overhead rate
= 2,560 × $19
= $48,640