The statement is true. The costs attached to the products that have not been sold are included in ending inventory on the balance sheet.
The ending Inventory formula calculates about the value of goods available for sale at the end of an accounting period. Usually, it is used recorded in the balance sheet at a lower cost or the market value. It is also Known as Closing Stock. It includes the products getting processed or are being produced but not sold. The ending inventory figure is recorded under the assets column in a company's balance sheet. The value of the asset reflects about the current cost of goods held for sale in the future periods.
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brainly.com/question/24868116
Answer:
A)
Explanation:
Based on the scenario being described within the question it can be said that the canned soup manufacturer is in the process of conducting a public relations audit. This is the process where company leaders review various opportunities to communicate with it's employees as well as point out any potential threats to the organization's reputation. Which is what the company seems to be doing by handing out these questionnaires.
A local business is a busses that sells its products and services to consumers in its own city or town.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Dubberly Corporation's cost formula for its manufacturing overhead is $31,100 per month plus $50 per machine-hour. For March, the company planned for activity of 8,000 machine-hours, but the actual level of activity was 7,930 machine-hours. The actual manufacturing overhead for the month was $454,110.
activity variance for manufacturing overhead= (50*8000) - (454,110 - 31,100)= 23,010 unfavorable.
Answer: as a current liability
Explanation:
From the question, we are given the information that Orear Manufacturing signed a contract with a supplier to buy raw materials in 2021 for $700,000 and before the December 31, 2020 balance sheet date, the market price for these materials dropped to $510,000.
The journal entry to record this situation at December 31, 2020 will result in a credit that should be reported in the current liability. It should be noted that current liabilities are the liabilities for the financial obligations for a company on a short-term basis which are normally due within a period of one year.
Examples of current liabilities are accruwed expenses, accounts payables, short-term debt, and dividends payable.
