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4 years ago

Personal property that is attached to the land or improvements as to become part of the property is known as what?

Business

1 answer:

Setler [38]4 years ago

5 0

Answer: Chattels Real

Explanation:

Chattels Real are those items of personal property that extends to their owner as an interest in real property (e.g. contracts to purchases, and options, least, mortgages) or that are attached to real property (e.g. trade fixtures)

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Walter Company uses a job-order costing system to account for product costs. The following information pertains to the current y

djverab [1.8K]

Answer:

COGM = 450,000

Explanation:

The amount debited will be equal to the COGM which is the cost of goods manufactured.

COGM = beginnning WIP + cost added - ending WIP

we need to know the cost added during the period:

cost added during the period

materials 140,000

direct labor 160,000

overhead applied

18 x 10,000 = 180,000

total 480,000

Notice, for the overhead we multiply the predetermined rate by the amount of labor hours.

The actual values and adjustment for application of overhead are calculate later at year-end

Now, we are given the following information:

we know that WIP increase by 30,000

so : ending is 30,000 dollars greater than beginning

which implies ending - beginning = -30,000

we plug that into the formula:

COGM = cost added + (beginning WIP - ending WIP)

COGM = 480,000 - 30,000

COGM = 450,000

4 0

4 years ago

Question 6 of 22:

shusha [124]

Answer:

Socratic app

Explanation:

it will help you

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2 years ago

Eric and Ginny Gaffney live in Swarthmore, PA. Ginny's father, Kenji, lives in Sweden. For each of the following transactions th

Vaselesa [24]

That’s a lot that you put together

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3 years ago

A company is just getting started and needs new equipment but does not have a larhe amount of cash since the company business wi

arlik [135]

Answer:

Lease

Explanation:

A company is just getting started and needs new equipment but does not have a large amount of cash since the company business will also require frequent updating of the equipment it is better to lease the equipment.

7 0

3 years ago

What is telemarketing?

jasenka [17]

Answer:

Using the telephone or the Internet to promote products or services to prospective clients is known as telemarketing. Outbound calls, inbound calls, lead generation calls, and sales calls are the four most prevalent types of telemarketing calls.

Explanation:

Hope it helps:)

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3 years ago

Read 2 more answers