<u>Solution and Explanation:</u>
The following journal entries will be passed at the end of December month:
Number Account details and explanation debit credit
1. Utility expense 600
Accounts payable 600
(To record the accrued utility exxpense)
2. Salaries and wages expense 3000
(10 * 3 days * $100)
Salaries and wages payable 3000
(To record salaries and wages expense )
3. Interest receivable ( $1200 divide by 12) 100
Interest revenue 100
( To record the interest revenue)
<span>The owner must be an in house CM or construction engineer to administer the contracts. CM is established as an independent contractor. The CM is responsible to the owner to complete the project by the established substantial completion date and within the agreed budget. The CM must compensate the owner when the construction does not satisfy the established standards of performance for a project.</span>
Answer:
A. remain constant on a per-unit basis but change in total based on activity level
Explanation:
In the short run, variable costs only vary according to the total output of the company. E.g. a company's variable cost of manufacturing product X is $10 per unit. If it produces 10,000 units, total variable costs will = $10 x 10,000 = $100,000.
In the long run variable costs will probably vary because production processes will also vary or the cost of inputs change.
Answer:
1. I need it or do I want it.
2. its cute
3. i will pay my debt some other day
Explanation:
