Answer:
(A)
accumualted depreication equipment 41,000 debit
equipment 41,000 credit
(B)
accumualted depreication equipment 37,200 debit
loss at disposal 3,800 debit
equipment 41,000 credit
Explanation:
to retire the equipment itt will write-off their equipment account
if the accumulated depreication matches the book value then there will be no loss at disposal while if lower a loss will be recognized.
(a) 41,000 book value - 41,000 depreciation = 0 no loss
(b) 41,000 - 37,200 = 3,800 loss at disposal
Answer:
economics a situation in which the market demand for a commodity is greater than its market supply, thus causing its market price to rise.
Explanation:
this is the definition. hope this helps.
Answer: Job order costing
Explanation:
The costing of work orders or job costing refers to the method for distributing and collecting production costs to a specific production unit. The costing method for job orders is implemented when the different items generated vary significantly from one another and each one has a substantial cost.
The job cost documents also perform as the conglomerate ledger for the expense of the job-in-process stock, the stock of finished products, and the charge of selling products to the supplier. Because there is a considerable difference in the produced goods, a separate department order cost report for each individual item is required for the job order pricing system.
Answer:
$100338000.
Explanation:
Given: Inventory carrying= $100338000.
As entire inventory is been sold at current price, then revenue of the company will increase by $100338000, therefore contribution margin will also increase further by $10033800 for the Andrew corp.
∴ Contribution margin= $100338000.
Inventory carrying cost are the cost of holding inventory for a period of time until it is sold. it include warehousing cost, cost for keeping inventory safe, etc.
A group rate applies to or from whole regions, rather than points within a region. A group rate will cover a larger group instead of a smaller section in a region. A group rate may also be called a block or blanket rate.
