Answer:
Dr. Cr.
Work in progess 68,000
Manufacturing overhead 68,000
Explanation:
The appliesmanufacturing overhead will be recorded to work in process account by debiting Work in process and crediting manufacturing overhead account. Now it will be added to the value of work in process and ultimately added to the value of finished goods which is Inventory value.
Answer:
Actual product
Explanation:
The first stage is core customer value which the company considers because this is what the customer is desiring. The second level is conversion of that core customer values into an actual product. And the last level but not least is augmented product. At this level, the company adds additional features and benefits in the product to make it attractive to its customers
Answer:
Why do you think it's important to think about whether or not
you'd want to do the role responsibilities as they are listed in the
job description?
Explanation:
In each succeeding payment on an installment note (C) the amount that goes to decrease the carrying value of the note increases.
<h3>
What is an installment note?</h3>
- An installment note is a type of promissory note in which the principal and interest are paid in predetermined quantities, or set minimum amounts, at certain time intervals.
- The loan is amortized through periodic principal reductions.
- An installment note is a legal obligation or responsibility that compels the borrower to return the lender's principal in a series of periodic payments.
- A lump sum note or balloon loan, on the other hand, demands the borrower to return the entire note principal on a certain date.
- There is no payment schedule.
- The amount that goes to reduce the carrying value of an installment note increases with each subsequent payment.
<h3>Solution -</h3>
As it is given in the definition above that the amount that goes to reduce the carrying value of an installment note increases with each subsequent payment.
Therefore, In each succeeding payment on an installment note (C) the amount that goes to decrease the carrying value of the note increases.
Know more about installment notes here:
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Correct question:
In each succeeding payment on an installment note:
A. The amount that goes to decreasing the carrying value of the note is unchanged.
B. The amount that goes to decrease the carrying value of the note decreases.
C. The amount that goes to decrease the carrying value of the note increases.
D. The amounts paid for both interest and principal increase proportionately.
Answer:
Cost per equivalent unit of material =$1.51
Explanation:
<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion production costs between work in progress and finished work.</em>
Equivalent units = Degree of completion × units
<em>Items Equivalent units</em>
Opening inventory 27,000×100% = 27,000
Fully worked 180,000× 100% = 180,000
Closing inventory 24,000× 100% = <u>24,000</u>
Total equivalent units <u> 231,000</u>
Cost per equivalent unit of material = 93,800+254,000/231,000 units
