Answer:
The use of raw material in the production process
Explanation:
The journal entry for recording the raw material used for the production process is shown below:
Work in Process Inventory A/c Dr XXXXX
To Raw Materials Inventory A/c XXXXX
(Being the raw material used for the production process is recorded)
For recording this transaction, we debited the Work in Process inventory account and credited the Raw Materials Inventory account
Which accounting principle dictates whether the cost of a repair should be expensed?
d. matching
As per matching concept, All revenues have to be recorded along with expenses incurred to earn those revenues. Thus, revenues need to be accounted.
Answer/Explanation:
A. Increase in import WOULD NOT lead to a decrease in national income because it would lead to increase in revenue derived from import duties.
B. A decrease in interest (leakage) WOULD lead to decrease in national income because it will increase borrowing and reduces investment.
C. A decrease in money supply (money available in an economy) WOULD NOT lead to decrease in national income because it reduces inflational rate.
D. An increase in exchange rate WOULD lead to decrease in national income because it would encourage capital flight.
E. A decrease in foreign income WOULD lead to decrease in national income because it reduces revenue earnings.
Answer:
Hubs Sprockets
Direct Materials 29 17
Direct Labor 13.3 5.7
Overhead 14.65 0.24
Unit Cost 56.95 22.94
Explanation:
<u><em>Labor:</em></u>
Hubs: 0.7 hours per unitx 19 labor rate = $13.3
Sprockets 0.3 x 19 = $5.7
<u><em>Direct Materials:</em></u>
Hubs $29
Sprockets $17
<u><em>Overhead rate</em></u>
Activity Pool Hub Sprockets
Machine Setups 225 125(55.56%) 100(44.44%)
Special processing 3900 3900
<u>Machine Setups</u>
27,000 x 55.56% /13,000 units: $ 1.1538
27,000 x 44.44% / 50,000 units $ 0.24
<u>Special Processing</u>
175,500/13,000 = $13.5
Total overhead
sprockets: $0.24
hubs: $14.65
Units cost:
hubs: 13.3 + 29 + 14.65 = 56.95
sprockets: 5.7 + 17 + 0.24 = 22.94
Answer:
D. an increase in interest rates in Russia and a decrease in the value of the ruble relative to other currencies.
Explanation:
In case the government of Russia runs a budget deficit , there will be inflationary pressure because budget deficit will be met by printing of currency . Inflationary pressure will drive interest rate high which will adversely affect the value of currency in international market. So the value of ruble will decrease relative to other currency .
Option D is correct .