Answer:
Explanation: Absorption Costing is the accepted method of of product costing because it takes into account all costs related to the production which includes all variable and fixed costs.
Using the absorption costing method, all normal manufacturing costs are treated as product costs and subsequently included as inventory in the financial statements. All Inventory costs are reflected in the income statement and the balance sheet.
while the use of variable costing method is not accepted because it only considers the variable costs, direct material and direct labour and leave out all fixed costs which is not accepted by GAAPS.
Answer:
No
Explanation:
If Janet Decides to make height and base half, then the area is multiplied by 1/4.
New height according to Janet = 25 ft / 2 = 12.5 ft
New Length of garden = 30 ft / 2 = 15 ft
Area of garden = Length x height
= 15 x 12.5
= 187.5
Total amount spend on this land = Area of garden x Cost
= 187.5 x $9.50
= $1781.25
Therefore, she will have to pay $1781.25
Answer:
Two factors primarily determine lien priority. Firstly the lien's categorization as superior or junior, and secondly the date the lien was recorded.
Explanation:
An encumbrance is most broadly defined as
another's right to use a property without the permission of the property owner.
another's right to claim the sale proceeds of a property that has been used as collateral for a loan.
another's interest in a real property that limits the interests of the freehold property owner.
another's right to control how the freehold owner of a real property uses the property.
