Answer:
The answer is D. Factory overhead
Explanation:
Factory overheads are cost that cannot be traced to a specific unit. It is also called manufacturing overhead.
It relates to indirect materials and/or indirect cost. For example, water, electricity, cleaning. All these cost are not directly related to a specific unit, they are consumed by the whole business operations.
Explanation:
We can easily calculate the money people do usually make when they get retired. We have one very basic rule that you can get approx 80% of the amount you were getting before your retirement. <u>By using this formula</u> you can calculate what you will get after retirement.
For example, if you were earning £2000 per month, then after your retirement you will get £1600 in your retirement. The amount will keep on increasing depending upon what you were earning right before your retirement. Likewise, it will be very less amount if you were earning less before your retirement.
Answer:
The journal entry to record the direct material used in production is given below:
Dr Work-In Process Inventory $40000
Cr Raw Materials Inventory $40000
Explanation:
The work in process inventory is debited since it is the receiving account ,while raw material inventory is credited as it is the giving account.
The work in process depicts raw materials currently being worked upon at the production, from which completed goods are then transferred to finished goods inventory.
The raw materials inventory account is the account where raw materials received from vendors are first of all recorded before the need to issue to production process.
When such materials are received in the warehouse , the raw materials inventory account is debited while the supplier account is appropriately credited to show the amount of indebtedness.
Answer:
Union Apparel's sales for the month is $520,000
Explanation:
For computing the monthly sales excluding taxes, the calculation is shown below:
= Sales including sales taxes × Sales ÷ sales with sales tax
where,
1 is the sales value
And, sales value with tax equals to
= 1 + 6 % = 1 + 0.06 = 1.06
Now, put these values to the above formula
So, the value would be equal to
= $552,000 ×1 ÷ 1.06
= $520,000
Hence, Union Apparel's sales for the month is $520,000
