Answer:
correct option is A. applying the predetermined overhead rate
Explanation:
solution
Assigning indirect cost to the department here completed by the applying the predetermined overhead rate
because this predetermined rate can be on the basis of machine hours and labor hours etc
predetermined overhead rate is establish prior the beginning of the fiscal year and it is not change the year
so correct option is A. applying the predetermined overhead rate
Answer:
The correct answer is C. 15$.
Explanation:
The marginal or incremental cost in decision making means effect that company have on its financial statement if the option under consideration is choosen.
In the above question the company will have to pay 9$ dollars to the seventh worker plus it has to increase pay of its six existing workers by 1$ per hour. So marginal wage cost is (9+6)= 15.
Answer: Beginning finished goods inventory plus Cost of goods manufactured Minus Ending finished goods inventory
Explanation:
When calculating the cost of goods sold for a manufacturing company, the entries involved would be the goods manufactured by the company.
The new goods manufactured will be transferred to the Finished goods inventory account and their costs will be added to the cost of the finished goods inventory that is already there.
At the end of the period, the remaining finished goods inventory is deducted from the figure gotten above so that the cost of the goods sold in the period is acquired.
Answer:
$760,000
Explanation:
Costs of goods sold are the direct costs incurred in manufacturing products that sold to consumers in a period. It is obtained by using the formula below.
COGS = Beginning stock + purchases/ manufactured goods - ending stock stock.
For Edmiston Company
Beginning stock: $50,000
Endings stock: $40,000
Cost of goods manufactured: $750,000;
COGS = 50,000 + 750,000 - 40,000
COGS = $760,000
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