The man forgot all of his worries while he was on his vacation.
Answer:
Debit Credit
Work in process inventory $15,000
Manufacturing overhead clearing account $15,000
Explanation:
First determine the amount of applied overhead which can be calculated as follows
Applied overhead=Rate per machine hour*number of hours
Applied overhead=$5*3,000=$15,000
The journal entry for the applied overhead shall be made as follow
Debit Credit
Work in process inventory $15,000
Manufacturing overheads clearing account $15,000
Answer:
The correct answer is letter "C": the sum of private and external costs.
Explanation:
<em>Neoclassical economics</em> -based on supply and demand as market drivers- define the social costs of transactions as the sum of private costs inherent in the operation and the costs consumers set because of being exposed to the transaction or the external costs. This cost differs from the <em>private costs</em> which are the expenditures a producer incurs in the production of a good or service.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Sales in units 285,000
Selling price $17
Direct materials $143,000
Direct labor $503,000
Manufacturing overhead $110,000
Selling expense $439,000
Administrative expense $860,000
A) Sales revenue= 285,000 units* $17= $4,845,000
B) Income statement:
Sales revenue= 4,845,000
COGS= (DM + DL + Overhead)= (756,000)
Gross profit= 4,089,000
Selling expense= (439,000)
Administrative expense= (860,000)
Net operating income= 2,790,000
Answer:
Sustainability
Explanation:
Sustainability is based on addressing current requirements without undermining future coming generations ' capacity to satisfy their desires.Sustainability motivates companies to shape choices in respect of time period rather than on the income release for the next quarter and recognize more determinants than just the gains or losses associated.
Enterprises can fulfill their environmental requirements by reducing emissions, reducing energy use, importing fair trade goods and checking that their material garbage is appropriately dropped of and with a minimum carbon footprint emission.
Thus, from the above we can conclude that the correct option is B.
