I would say true. Bcus it is made from silver
Answer:
the answer should be
a. Overhead can be applied slowly as a job is worked on.
An account used with a related account to bring about a decrease in the net amount of the two account balances is called a contra account.
A contra account is used in a general ledger to reduce the value of a related account when the two are netted together.
Natural balance in the contra account is the opposite of the associated account.
If the natural balance has recorded the debit balance in the related account, the contra account will record a credit balance . For example, the contra account for a fixed asset is the accumulated depreciation.
Contra accounts are presented on the same financial statement as the associated account, generally appearing directly below it with a third line for the net amount.
Note that accountants always use contra accounts rather than to reduce the value of the original account directly to keep financial accounting records clean.
To know more about contra accounts here:
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Answer:
C) Orally at the first contact and in writing at the first physical meeting
Explanation:
Since Fred is a buyer's agent, when he approaches a seller (the owner himself or a seller's agent), he has the legal obligation to disclose who he is to the seller. He doesn't necessarily have to say who his client is, but me must inform that he is a buyer's agent. If Fred contacts the seller by phone, he must disclose the information orally, or if he personally meets the seller, he must disclose the information in writing. Even if Fred disclosed the information by phone, he must still do it in writing if he meets with the seller on a later appointment.
Answer: C. $950
Explanation:
Hello.
Your question was missing a few details so I threw them in. You'll find it in attachments.
To calculate the total Manufacturing costs for Job 201 we would need to calculate the overhead cost allocation rate first to find out how much Overhead to allocate to Job 201.
Using a normal costing system with direct labour cost as the allocation base,
Overhead allocation rate = (Overheads/Direct Labor Cost)*100
= (100,000/50,000)*100
=200%
Overhead allocation rate is 200% or 2x direct labor cost.
Now to calculate the total Manufacturing costs of Job 201,
Total manufacturing cost for Job 201 = Direct Material + Direct Labor + Manufacturing Overheads
= 350 + 200 + (200*2 for manufacturing overhead)
= 350 + 200 + 400
= $950
$950 is the total manufacturing cost for Job 201 making option C correct.