Answer:
COGS 1,153 debit
MO 1,153 credit
Explanation:
The manufacturing overhead debit represent the actual overhead
while the credit represent the applied overhead for the firm and charged into their product already.
At the end of the period, we adjust to match the applied against the actual overhead.
As we apply 997 while the actual cost was 2,150 we underapplied we must charge more cost to our product.
We credit the manufacturing overhead and post that cost against cost of good sold.
2,150 - 997 = 1,153
Answer: Resume
Explanation:
A resume is a brief document, an individual in most cases a job applicant submit to an employer for a job opening. The resume highlights the: qualifications, educational background and achievements of the job applicant.
A resume can be used in addition to a business plan to tell a business owner, the applicants capability to run a business.
Answer:
The Food and Drug Administration issues a recall for the meat, and the seller notifies its customers.
Explanation:
When there is a serious or potentially serious risk to consumers, the FDA works with sellers and distributors to recall products (remove them from store shelves) and notify customers through press releases and other communications.
Answer:
c. Fixed Cost = $300
Explanation:
Because marginal cost is constant we can find the variable cost per unit and then subtract the total variable cost from the total cost in order to find the fixed cost. The firms total cost increase $300 (from 1500 to 1800) when output increases by 10 units (from 40 to 50), so the variable cost per unit is 300/10=30.
Now to calculate the total variable cost we will multiply variable cost per unit by the number of units.
50*30= 1500
Now we will subtract 1500 from 1800 in order to find the fixed cost.
1800-1500=300
Fixed cost is $300.