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yarga [219]
3 years ago
12

A product cost is

Business
1 answer:
inna [77]3 years ago
6 0

Answer:

C: expensed in the period the product is sold

Explanation:

A product cost is the manufacturing costs that are accumulated on the product. Before the product is sold these product cost is shown in the current asset section on the balance sheet <em>as inventory valuation</em>.

In the period that the product is sold, the product cost are included in the cost of sales expenses<em> to determine profit from sale</em>.

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TB MC Qu. 9-371 Irving Corporation makes a product with ... Irving Corporation makes a product with the following standards for
lisov135 [29]

Answer:

Variable manufacturing overhead rate variance= $664 favorable

Explanation:

Giving the following information:

Variable overhead 0.2 hours $ 5.10 per hour

The company used 1,660 direct labor-hours to produce this output. The actual variable overhead cost was $7,802.

<u>To calculate the variable overhead rate variance, we need to use the following formula:</u>

Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Actual rate= 7,802/1,660= $4.7

Variable manufacturing overhead rate variance= (5.1 - 4.7)*1,660

Variable manufacturing overhead rate variance= $664 favorable

6 0
4 years ago
What does the government do with the money it collects as taxes?
Bogdan [553]

The primary source of revenue for the U.S. government in 2022 become individual earnings Taxes. revenue accumulated by the U.S. government is used to fund an expansion of goods, programs, and services to assist the yankee public and pay hobby incurred from borrowing.

Taxes are mandatory contributions levied on individuals or organizations via a government entity—whether or not nearby, regional, or country wide. Tax revenues finance authorities sports, along with public works and offerings which includes roads and faculties, or programs including Social safety and Medicare.

All residents have to pay taxes, and with the aid of doing so, make contributions their honest percentage to the fitness of the authorities and countrywide economic system. The federal taxes you pay are utilized by the authorities to put money into technology and education, and to offer goods and services for the benefit of the american people.

Learn more about government Taxes here:

brainly.com/question/28412074

#SPJ4

4 0
2 years ago
e-Shop, Inc. has net sales on account of​ $1,500,000. The average net accounts receivable are​ $610,000. Calculate the​ days' sa
mina [271]

Answer:

The​ days' sales in receivables are B.148.37 days

Explanation:

The​ days' sales in receivables is calculated by using following formula:

The number of days' sales in receivables = 365/Accounts receivable turnover

In there:

Accounts receivable turnover = Net Credit Sales /Average Accounts Receivable

E-Shop, Inc. has net sales on account of​ $1,500,000 and average net accounts receivable of​ $610,000.

Accounts receivable turnover = $1,500,000/$610,000 = 2.46 times

The number of days' sales in receivables = 365/2.46 = 148.37 days

4 0
3 years ago
Identify and demonstrate processes for making long-term goals and short-term goals
matrenka [14]
Long term 4-6+ years  goals like having a career having a business or some , short term 0 months-1/2 years and that's like making It to the next grade.
8 0
3 years ago
Swordfish Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increas
oee [108]

Answer:

<h2>net deferred tax benefit  42.500 </h2>

Explanation:

increase in warranty reserve  25.000

excess book depreciation  100.000

total  125.000

x tax rate 0.34

<h2>net deferred tax benefit  42.500</h2><h2></h2>

*The reported pretax book income of $1,000,000 is not considered

5 0
3 years ago
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