Answer:
The correct answer is letter "B": Disclosed but not recognized in the income statement.
Explanation:
Events that cause realized gains for the company must be reported in the financial statements. In case the gain represents a contingency (<em>uncertain activity for the firm</em>) and remains unrealized affecting the economic decisions of the organization, <em>then the contingency gain must be disclosed in the notes but not reported in the financial statements.</em>
Answer:
$2,745
Explanation:
Given that,
Direct labor hours used:
Assembly Department = 9
Sanding Department = 6
Machine hours used:
Assembly Department = 9
Sanding Department = 7
Cost for direct labor = $35 per direct labor hour
cost of the direct materials used = $1,500
Total cost of Job 600:
= Direct labor + Direct material + Assembly department overhead + Standard department overhead
= [(9 + 6) DLH × $35] + $1,500 + ($60 × 9) + ($30 × 6)
= $525 + $1,500 + $540 + $180
= $2,745
<span>You might be able to cope with future issues more easily this the correct answer. : )</span>
Answer:
Free-rein Leadership
Explanation:
Free-rein leadership popularly known as Laissez-Faire is the process where leaders gives members the freedom to make decisions. In situations like this, a larger goal or objective is set and members are given the free role to make appropriate decisions needed is completing set goal or objective. In this case, managers of various departments at Schwinn are given total freedom by their overall boss to operate their various departments the best way they see fit.
Based on economic theory, scarcity is limitation of a resource which cannot be replenished. Shortage is used to indicate a market condition.
When applying this definition to your question, A is your answer.
