Answer:
The Correct Answer is = Option 2:
Total units to be accounted for = “Beginning units in Process + Units started into production”
Explanation:
This is a multiple choice question and we are asked to choose the correct option out of it.
So,
The Correct Answer is = Option 2:
Total units to be accounted for = “Beginning units in Process + Units started into production”
Example:
Beginning units = 50000
Units Started = 90000
Total units to be accounted for = 140000
Units Completed = 44000
Ending Units = 96000
Total units to be accounted for = 140000
Answer:
Cost driver for order department
, accounts receivable processing
, catering
and raw material inventory is number of orders, number of customers, number of meals and number of material requisitions received respectively.
Explanation:
A cost driver is any factor which causes a change in the cost of an activity. So number of orders, number of customers, number of meals and number of material requisitions received can causes change in total cost of order department
, accounts receivable processing
, catering and raw material inventory respectively.
Answer:
the recorded value of the new truck is $135,000
Explanation:
The computation of the recorded value of the new truck is given below;
In the case when the transaction has the commercial substance so the recorded value of the new truck would be equivalent to the invoice price or the fair value i.e. $135,000
Hence, the recorded value of the new truck is $135,000
The same would be considered and relevant
And all other values are to be ignored