Answer:
Dr Prepaid insurance 22,000
Cr cash 22,000
Dr Insurance expense 5,500
Cr Prepaid insurance 5,500
Explanation:
Preparation of Journal entries
Based on the information given we were told that Sandhill Company pays the amount of $22,000 to another company which is Cullumber Company for a 2-year insurance contract in which Both the companies have fiscal years that is ending December 31 which means that the Journal entry will be recorded as:
Dr Prepaid insurance 22,000
Cr cash 22,000
Dr Insurance expense 5,500
Cr Prepaid insurance 5,500
[(22,000*6/12)/2]
Answer:
Direct Material:
Airplane seats . . . . . $220
Total= $220
Direct labor:
Assembly workers' wages . . . . . . . . $600
Total= $600
Indirect labor:
Production supervisors' salaries . . . . . . . . . . . . . . $170
Factory janitors' wages . . . . . . . . . . . . . . . . . . . . . $60
Total = $230
MOH:
Machine lubricants . . . . . . $35
Depreciation on forklifts . . . . . . $110
Total = $145
Explanation:
The given manufacturing costs of an airplane have correctly been classified along with their totals as mentioned above. Direct materials are characterized as the materials that are directly used to manufacture the product while direct labor is defined as the people who are responsible for producing the unit of the product. Indirect labor are the workers who are not directly associated with the manufacturing of the product but they ensure effective running of day-to-day work. MOH is defined as the manufacturing overhead cost which is the total of all indirect costs responsible for the manufacturing of the product.
Answer:
Net sales
Explanation:
A common size income statement represent the income statement in which each item line wise should be expressed as the sales or revenue percenatge. The motive of preparing this statement is to have the analyse and compare the performance of the company with their various years
So the base item that should be common used for this type of income statement is net sales
Answer:
The definition is defined in the clarification subsection elsewhere here, and according to the particular circumstance.
Explanation:
- Quality requires different meanings although quality requirements are also different for all. Because what consistency means, in general, is:
- Free from flaws, free from faults, and free from variants.
- This same ISO 8402-1986 standard describes quality as either the totality of properties and capabilities of a service as well as product its willingness to cope using its resources.
- The causes are experienced, awareness with pricing, understanding with individualized attention, awareness including its right product is used, the perspective of your questions is addressed and similarly well answered, therefore we prefer to get into those locations for certain resources over and again.
- We purchase those companies, the answer is how they influenced us, let's consider a 'soap' seed group to clarify this issue, why should buy any brand, then maybe we can endorse this point by stating that soap did not damage the skin, least consider long, destroys germ or rather its scent, no chemicals involved are indeed soap properties but it was well proclaimed by a cosmetics company, the consequence they display, impossible to purchase them their accessibility
- With any commodity, consistency is important, and with any corporation, it is indeed a constant loop. Quality goods make it possible to attract consumers by maximizing customer loyalty, and this has been accomplished by meeting or fulfilling the needs of customers. A better product holds the image of the company alive. And it gets easier to market the consistent product and so, therefore, increase the product's revenue because of the massive reach of internet technology.
