Answer:
Correct amount of the inventory = $174,118
Inventory incorrectly recorded = $205,171
The inventory was overstated by = 205,171 - 174,118
=$31,053
As a result of the overstated ending inventory, the net income would be overstated by $31,053 as well.
As a result of the overstated net income, the retained earnings would be overstated by $31,053 as well.
Ending inventory is a part of Assets, thus due to overstated ending inventory, assets would also be overstated by $31,053.
Answer:
C)) factory overhead
Explanation:
Manufacturing cost can be regarded as the sum of all the costs resources that is been consumed during the process of making a product. manufacturing cost can be classified as;
✓direct materials cost
✓ manufacturing overhead.
✓direct labor cost
It can be regarded as factor in total delivery cost. Direct Material Cost can be regarded as total cost that is incurred in purchasing of raw material and cost of other components such as packaging, as well as freight and storage costs by the company
It should be noted that The three categories of manufacturing costs comprising the cost of work in process are direct labor, direct materials, and factory overhead.
Answer:
I have attached images of the solution below.
Explanation:
Answers to this question require a balance sheet and I have attached images of my balance sheet solution below.
Answer:
$79,039
Explanation:
The computation of the true cash balance is shown below:
Particulars Amount
Unadjusted Balance
as Per Bank Statement on Jun 30 $81,500
Add: Deposit in Transit Jun $3,150
Les : Outstanding Check Jun30 -$5,611
True Cash Balance As on Jun 30 $79,039
We simply applied the above format so that the correct value could come
Compliance is the ability to reasonably protect conformity and adherence to both internal and external policies, standards, procedure, laws, and regulations.
These order can field from who owns the content published through them to how members of each service should perform.