Answer and Explanation:
1. The classification of estimated manufacturing overhead is shown below:-
Direct materials = Product cost
Direct labor = Product cost
Manufacturing overhead = Product cost
Selling expense = Period cost
2. The computation of total product cost for last month is shown below:-
= Direct materials + direct labors + manufacturing overhead
= $7,000 + $3,000 + $2,000
= $12,000
3. And, the unit product cost is
= Total product cost ÷ number of units
= $12,000 ÷ 4,000 units
= $3 per unit
Answer:
The answer is d. tells about economic resources, claims to resources, and changes in resources and claims is useful to investors and creditors in making decisions.
Explanation:
Financial reporting at its core, is a "language". It ensures that the investors and all stakeholders are provided with relevant and accurate information regarding a business or an institution. So that they can take effective and efficient economic decisions that will eventually benefit the entire economy.
Answer:
Banks are owned by shareholders, while credit unions are owned by members
Explanation:
Banks are financial institutions established by the founders to make profits. Due to their capital requirements, banks are large corporations owned by the private sector or government. Like other corporations, the owners of a bank are its shareholders.
Large organizations form credit unions to cater to their employees well being. Credit unions are not for profit organizations since they are formed to cater to its members' well beings. It means membership to the credit union is limited to the founding organization's employees unless otherwise stated. The members of the credit unions are its owners.
Answer:
November 2011
Explanation:
Based on the information given if the company purchased 20 sofas in the month of November 2011 in which the company paid the amount of $3,000 for an advert that ran in the local newspaper in the same month of November 2011 which simply means that the month in which the advertising costs should be expensed is the month of NOVEMBER 2011 which is the month the company paid the amount of $3,000 for advertising in the local newspaper.
Answer:
Grade 6 spelling bee champion
Explanation:
it is not relevant by the time you are applying for college, and does not say very much about you as a person & what you like to do.
