Answer:
Debit to cost of goods sold and credit to factory overhead
Explanation:
Here we are interested in knowing the appropriate journal entry when the factory overhead is under applied.
What happens to the factory overhead journal in this case is that the we should have an adjusting journal entry.
The adjusting journal entry here is that we debit cost of goods sold and credit factory overhead
Assuming the costs are normally distributed, then Z = (X-mu)/sigma
For piano Z= (3000-4000)/2500 = -0.4
For guitar Z= (550-500)/200 = 0.25
For drums set Z= (600-700)/100 = -1
Drums set < Piano < Guitar
Drums cost is lowest when compared to the instruments of same type
.
Guitar cost is highest when compared to the instruments of same type.
Answer:
C.multiply number of shares outstanding by the price of each share
Answer:
non-programmed decision
Explanation:
Based on the information provided it can be said that the type of management decision that is being described is known as a non-programmed decision. This is a decision that are rare and lack strict guidelines for how they should be made or handled. They usually occur in dire situations and are made out of desperation to reach a solution to a major problem as quickly as possible.
