I inferred want to know more about free trade agreements.
<u>Explanation:</u>
Put simply, a <u>free trade agreement</u> occurs between two or more countries, in which the agreement removes barriers of trade (imports and exports) between the Countries.
For example, if country A sells shoes to country B, <em>under</em> a free trade agreement there will be no government tariffs imposed by country B on the goods imported from country A.
When sales exceed production, the net operating income reported under variable costing generally will be <u>greater than the net operating income reported under absorption costing</u>.
Under variable costing, constant manufacturing overhead fee is handled as product cost. If the range of devices produced exceeds the range of gadgets sold, then net operating income under absorption costing will: be extra than net operating earnings underneath variable costing.
Variable costing is a concept used in managerial and cost accounting wherein the fixed production overhead is excluded from the product price of manufacturing. The technique contrasts with absorption costing, in which the fixed manufacturing overhead is allotted to products produced.
Absorption costing, once in a while known as “full costing,” is a managerial accounting technique for taking pictures of all prices associated with manufacturing a selected product. The direct and oblique costs, together with direct substances, direct exertions, leases, and insurance, are accounted for with the aid of the use of this method.
Learn more about Absorption costing here brainly.com/question/26276034
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<h2>Question:</h2>
Q1. This organizational structure violates the unity of command principles because of dual reporting relationship.
Q2. It is a collection of independent, mostly single function enterprises that collaborate on a good or service.
<h2>Answer:</h2>
- <u>C</u><u>.</u><u> </u><u>Matrix</u><u> </u><u>Organization</u><u> </u>
- <u>A</u><u>.</u><u> </u><u>Divisional</u><u> </u><u>Organization</u><u> </u>
<h2>
Explanation:</h2>
That's my opinion and I hope it helps ^_^
<h2><u>#CARRYONLEARNING</u><u> </u></h2><h2><u>#STUDYWELL</u><u> </u></h2>
Answer:
B. debit to WIP inventory
Explanation:
The journal entry to record the usage of direct material in production is
Work in Process Inventory Dr.
To Raw Material Inventory
(Raw materials consumed recorded)
Raw material inventory is an asset. It's consumption should reduce it's balance. A debit increases an asset's balance while a credit reduces it's balance.
Work in process, like raw material is an inventory account i.e an asset. A debit increases their balance whereas a credit reduces it.
Here, raw materials i.e direct material have been issued for production, which would reduce their balance and increase the balance of work in process as finished goods are yet to be made.
