Answer:
The correct option is d.
Explanation:
Cost of goods sold: The cost of goods sold is that cost which sells the product at the cost price. It is directly related to the production level.
Example: purchase price, raw material cost, labor cost, etc.
It includes administration costs but not include research and development cost.
Neither it is found on the balance sheet, it shows on the income statement.
Nor, it records partly completed goods because it has come under work in progress.
So, the A,B, and C are incorrect statements while D is the correct statements.
Hence, the correct option is d. Cost of goods sold is the total product cost for the units sold during a period.
Answer:
yes it has definitely. people can now talk a lot easier and can talk to people from other places and make new friends
Answer:
total manufacturing cost = $60800
Explanation:
given data
Direct materials used = $24,000
Direct labor = $36,800
Sales salaries = $19,200
Indirect labor = $4,800
Production manager's salary = $9,600
Marketing costs = $14,400
Factory lease = $6,400
solution
we get here total manufacturing cost that is express as
total manufacturing cost = Direct Material + Direct Labor ..............1
put here value and we get
total manufacturing cost = $24000 + $36800
total manufacturing cost = $60800
Answer:
<u>Current liabilities</u>
2,125,000 unarned revenue
336,000 tax payable
2,461,000 total current liability
Explanation:
taxable income x tax-rate = tax payable
840,000 x .4 = 336,000
subscription x value = unearned revenue
25,000 x 85 = 2,125,000 unearned revenue
This amount will decrease over time, as the customers receive their magazines.
Current liabilities
2,125,000 unarned revenue
336,000 tax payable
2,461,000 total current liability
Answer:
Corporate Social Responsibility or CSR.
Explanation:
To put it simply, Corporate Social Responsibility means that a company is concerned and responsible about how their actions affect People, Planet and their Profits (3 P's)
Following are the generally accepted principles of CSR.
- Compliance with international commitments
- Compliance with international and national laws and regulations
- Maintenance of good corporate governance
- Communication and dialog with all stakeholders
- Commitment to Transparency
- Conservation and the promotion of the Environment
- Fiscal responsibility
- Protecting Human Rights
- Promotion of Social responsibility
