Answer:
The correct answer is D
Explanation:
The journal entry to be recorded for the salary is as:
Salary expense A/c...........................Dr $12,000
Salary Payable A/c...........................Cr $12,000
Being the salary which is paid weekly, become accrued
Working Note:
Single day amount = Weekly payment / Number of days
= $30,000 / 5
= $6,000 per day
So, computing for 2 days (Monday and Tuesday) salary as:
Amount = Per day salary × Number of days
= $6,000 × 2
= $12,000
Personal qualifications, occupational requirement, responsibilities, financial remuneration (pay) , working conditions.
Days off and vacation flexibility are 2 examples of things that fall under the working conditions category.
Answer:
a. 56%
b. 62%
Explanation:
a. Janitorial costs are allocated based on square feet.
Assembly Department Square feet = 42,560
Total area for both departments = 42,560 + 33,440 = $76,000
Percentage of costs
= 42,560/ 76,000
= 56%
b. Security costs are allocated based on asset value.
Cutting Department Asset Value = $126,480
Total asset value for both departments = 77,520 + 126,480 = $204,000
Percentage of costs
= 126,480/ 204,000
= 62%
Answer:
im sorry i need point for a quiz so sorry
Answer:
Weighted Average Cost method provides same ending inventory value and same COGS under both periodic and perpetual inventory valuation.
Explanation:
Weighted average method records all the inventory on average cost. It does not matter how and when inventory is counted, purchased or sold. It averages cost of every unit which comes in the inventory or goes out of inventory. Other valuation method LIFO and FIFO changes the value with change in time or frequency.