Answer; b. Work in Process Inventory Manufacturing Overhead Wages Payable
Explanation;
Factor workers are considered to be directly related to the production of the good. As a result, the wages paid to them are added to the inventories produced to show that they are part of the cost of the goods produced. Their wages will therefore be debited to Work in Process Inventory.
The wages will then be credited to the Manufacturing Overhead Wages Payable as this is the liability account that deals with wages owed to people working in the factory.
The purpose of checking your checking acct is to make sure no one is stealing your money. People can steal ATM info and withdrawl cash
Answer: C.$221.86
Explanation:
Contribution Margin is the difference between the sales price and the variable costs.
Best case scenario of Sales would mean it is the higher amount.
Best case scenario of costs would mean the lower amount.
Best case Sales
= 349 * ( 1 + 3%)
= $359.47
Best Case Variable Cost
= 139 * ( 1 - 1%)
= $137.61
Best Case Contribution Margin
= Best case Sales - Best Case Variable Cost
= 359.47 - 137.61
= $221.86
Answer:
Earnings Per share = $0.83
Diluted Earnings per share = $0.71
Explanation:
Basic Earnings per share is how much each common stock share earns in profits and Diluted Earnings includes the options and bonds in its calculations for outstanding shares
formulas
Earnings Per share = (net income - Preferred stock dividends)/ outstanding number of shares
= $150/180
= $0.83
Diluted Earnings per share = (net income - Preferred stock dividends)/ outstanding number of shares
= $150/210
= $0.71
Outstanding number of shares in millions
opening 200
minus treasury stock - 24
issued stock 4
Basic outstanding shares = 180 shares
plus share Options 30
Diluted shares 210
