Answer:
C. to determine the amounts transferred to finished goods
Explanation:
The statement for the cost of goods manufactured is a statement indicating the total cost used in the production process. It is used in estimating the cost that an organization incurs in producing a product and converting it to a finished product. It helps in determining the amount or costs transferred to finished goods. It is used in calculating the cost of goods sold on the income statement. It involves all cost used in the manufacturing process including the overhead costs.
Answer: c. $7,100
Explanation:
Supplies cost according to the flexible budget is to be calculated based on the actual level of activity.
The cost is:
= Fixed cost + (Variable cost * actual level of activity)
= 2,240 + (6 * 810)
= 2,240 + 4,860
= $7,100
Answer:
C) Debit Cash $2,750
Credit Accounts Receivable $2,750
Explanation:
When payment is received in respect of services rendered or goods sold in the past periods, the accounting rule is to debit cash or bank as the case may be and credit account receivable for the amount received. This is necessary because in period when transaction took place, revenue has been credited and account receivable debited.
Answer:
not 100% sorry if wrong false
Explanation: