Answer:
$415
Explanation:
The computation of the total manufacturing cost per unit is shown below:-
Total manufacturing cost per unit = Direct material + Direct labor + Manufacturing overhead + Fixed manufacturing overhead
= $240 + $100 + $80 + ($370,500 ÷ 1,900)
= $40 + $100 + $80 + $195
= $415
SO, we have applied the above formula.
Answer:
Detailed step-wise solution in tabular form is given below:
Answer:
contra-assets account.
Credit balance
balance sheet
permanent account.
Explanation:
The allwoance is an account used to adjust accounts receivable to a net value therefore, it is used as contra-asset (to adjust an asset)
Therefore, as assets normal balance is debit a contra-assets in order to adjsut will use credit balance.
<em>Notice:</em> contra-assets decrease the net value of the assets They never increase it. If the princip0al asset increase then, the accounting would use the main asset account, not the contra-asset
Lastly, as it adjsut an asset it will be find in the balnce sheet or in the note to the balance sheet to disclosure the procedure to arrive to net accounts receivables
As it is find in the balance sheet is a permanent account His balance passes through the acouting cycles
Most people wanted to build there credit up that’s why they use credit cards
Answer:
C. The termination of the firm's legal existence.
Explanation:
General partners are individuals, two or more , who come together to own a business and controls daily activities of the business. Each member has unlimited liability and their action can legally bind the activities of the business. They share profit and losses equally.
According to fact pattern 27-3, if the partners agree to dissolve one of their business line- equity lending as in the case above and the company's assets are shared among the partners, it would result in the termination of the firm's legal existence.
Once there is a breach by any of the partners as contained in the partnership agreement and the partner's asset shared, that is dissolution. The partnership business has therefore been terminated legally and cease to exit.
