Answer:
The correct option is D,debit Cost of Goods Sold $4,100 and credit Finished Goods Inventory $4,100
Explanation:
The total job costs is $4,100 not $4,400 ,which then means that the cost of goods sold is $4,100.
The appropriate entry for such sale is to credit merchandise inventory since the inventory reduces due to such sale being made while cost of goods sold is debited with the same amount.
In a nutshell, the correct option is D,
Answer:
Determine if the trade deficit were used to import investment goods or consumer goods.
Explanation:
Note that the capital deepening occurs when the capital per worker is increasing in an economy. Remember also that, If there is increasing <em>investment</em> in an economy it would thus increase the amount of capital to labour.
Therefore the reason (whether import of consumption or investment goods) for the United States trade deficits during the 1980s and 1990s should be analysed.
Answer:
an assignment
Explanation:
An assignment task happens when a party appoints their legally binding rights to a third party. It means that the advantage giving party would have gotten from the agreement is currently given to the outsider. The party giving their privileges is referred to as the assignor, while the party getting the rights is the chosen one. Basically, the assignor lean towards that the chosen one turns around jobs and accept the authoritative rights and commitments as expressed in the agreement.
Answer:
Flexible Budget for 18,000 units $
Direct labour ($6 x 18,000) 108,000
Direct material ($1 x 18,000) 18,000
Total fixed cost <u>48,000</u>
Total cost <u>174,000</u>
Direct labour cost per unit = $72,000/12,000 units = $6 per unit
Direct material cost per unit = $12,000/12,000 units = $1 per unit
Explanation:
In this case, we need to determine the direct labour cost per unit by dividing the total labour cost in the static budget by the units of production in the static budget. We also need to calculate the direct material cost per unit by dividing the total material cost in the static budget by the units of production in the static budget. Then, we will multiply the direct labour cost per unit and direct material cost per unit by the units of flexible budget. The total fixed cost remains fixed throughout the level of activities.