Answer:
The correct answer is b.recorded at cost but reported at fair market value.
Explanation:
Investments represented in shares and in shares or shares of social interest will be recorded at their historical cost. Other investments, such as bonds, bonds, certificates, etc., will be accounted for at their nominal value. However, in case of differences between the latter and the historical cost, with the purpose of not breaking the basic accounting standard of "valuation or measurement", such differences will be controlled through complementary valuation auxiliary accounts of the investment, specifically in the titles in which the difference is presented. For this purpose, the discount items for amortization or premium for amortization will be used.
Answer:
B, 195750
Explanation:
Let's first figure out the manufacturing overhead per direct labor hour
175500/13000= 13.5
So we allocate 13.5 in manufacturing overhead per direct labor hour
Let's the mulitply this by the number of actual direct labor hours
14500*13.5=195750
An installment payment is equal payments every month, meaning it is the correct answer. (B)
Answer:
$25,000
Explanation:
The computation of the break-even point in sales dollars is shown below:
Break even point = (Fixed expenses) ÷ (Profit volume Ratio)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $100 - $60
= $40
And, Profit volume ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100
So, the Profit volume ratio = ($40) ÷ ($100) × 100 = 40%
And, the fixed expenses is $10,000
Now put these values to the above formula
So, the value would equal to
= ($10,000) ÷ (40%)
= $25,000
Answer:
C. Wages of factory maintenance personnel
Explanation:
The manufacturing overhead records only that overhead cost which is indirect in nature plus it also records all indirect cost related to the factory
It involves factory utilities + factory equipment depreciation + factory building property taxes + Indirect factory labor and indirect materials + factory maintenance personnel wages, etc.
