Answer:
Dr Work in Process Inventory for $6,000
Cr Manufacturing $6,000
Explanation:
Preparation of The journal entry under perpetual inventory procedure
Based on the information given if the Manufacturing overhead was applied to production at 60% of the direct labor cost of the amount of $10,000 which means that The journal entry under perpetual inventory procedure is :
Dr. Work in Process Inventory for $6,000
Cr Manufacturing $6,000
(60%*$10,000)
Answer:
Effect on income= 50*50= $2,500 increase
Explanation:
Giving the following information:
Model 26 has sales of 150 units with a contribution margin of $50 each.
To calculate the effect on income, we need to use the following formula:
Effect on income= number of units*unitary contribution margin
Effect on income= 50*50= $2,500 increase
Answer:
the extent to which a product is recognized and bought by customers in a particular market.
Answer:
competition based pricing
Explanation:
When a company engages in a competition based pricing strategy, they will set the price of their products or services taking based on the price of their main or direct competitor. The product or service provided by the competitor is used to benchmark both the price and quality of the goods and services offered by the company.
For example, Coca Cola products are used as a price reference for all the soda products sold by other companies.
You start a business letter with your adress
