Answer:
on the job training.
Explanation:
This is a modern version of an apprentice learning how to work from a master craftsman.
Before when Universities or technical colleges didn't exist, experienced craftsmen had apprentices that helped them do their work and at the same time learned how to perform the tasks.
The modern version, called on the job training, is a similar hands on learning method where an experienced employee teaches new employees the skills, knowledge, and competencies that are required to perform certain tasks correctly.
Answer:
3. Units of work-in-process inventory
Explanation:
- The equivalent units of the production is an expression of the amount of the works done by manufacturers in the units of the outputs that are partially complete and the end of the accounting period
- Are found in the full and the partially completed units and these cost units are reported by the production department of the manufactures and that needs a process costing system.
Answer:
The answer is true
Explanation:
There will no effect on net income; no effect on total assets because an allowance method is used which means there was a provision for bad debts already effected.
Answer:
The depreciation expense for 2017 is $4,050
Explanation:
The company uses straight-line depreciation method, Depreciation Expense per year is calculated by following formula:
Annual Depreciation Expense = (Cost of asset − Salvage Value )/Useful Life = (
$103,500 - $22,500)/5 = $16,200
Depreciation Expense per month = $16,200/12 = $1,350
Crane Company places a new asset into service on October 1, 2017. In 2017, the asset has been used for 3 months
The depreciation expense for 2017 = $1,350 x 3 = $4,050
Answer:
17,200 Units
Explanation:
The total number of units started into production is the sum of the units completed with the ending work in progress, given that the company had no beginning work in progress and no information is given on units wasted.
Units started in production
= 16000 + 1200
= 17,200 Units
