Select the correct answer.

yawa3891 [41]

Answer:

Scenario 1.

Explanation:

According to the scenario, computation of the given data are as follow:-

Patent:- Patent is a intellectual property that gives the right to its owner to making, using and selling the invention and transfer that right to others too. Patent has their legal life.

Research and development cost:- Research and development cost is an intangible assets which incurred by company.

1st Scenario:- Manufacturer spends $450,000 on research and development cost. It is an expenses. It will not the cost of oven.

2nd Scenario:- Because patent purchased by the third party so no research & development cost incurred on the patent.

According to the analysis when we compared scenario 1 and scenario 2, company will report high research and development expenses in Scenario 1.

6 0

4 years ago

________ are sets of interdependent organizations participating in the process of making a product or service available for use

taurus [48]

<u>Marketing channels</u> <span>are sets of interdependent organizations participating in the process of making a product or service available for use or consumption. These organizations are crucial when it comes to products, given that they mediate between the producer and the consumer. They distribute these products to the end-user, or the consumer, so that they can buy these products and use them later on.</span>

5 0

4 years ago

The detailed record of the changes in a particular asset, liability, or stockholders' equity is called A. an account. B. a jou

Zanzabum

Answer: The correct answer is A. an account.

Explanation: Journal records transactions that have taken place in a particular ledger at a particular period/date and it can be used to correct the ledger balance or mispostings.

A ledger consists of the various accounts of an organization, the changes/movement in those accounts as journals are processed including their balances.

A trial balance consists a list of all the accounts, ledger codes and their balances at a particular time period and the total of all the accounts must be zero in a trial balance.

Although all the four elements: account, journal, ledger and trial balance are all interwoven and have to operate in unison, the definition in the question is for account. An account gives you detailed changes in all the elements of the financial statements.

6 0

3 years ago

Which of the following is an advantage a company enjoys by offering shares

gulaghasi [49]

The company can increase its capital without going into debt

Explanation:

6 0

3 years ago

Read 2 more answers

Mansfield, Inc., has two production departments, Assembly and Packaging. The company uses a job-order costing system and compute

Kisachek [45]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The predetermined overhead rate in the Assembly Department is based on machine hours (MHs) and it is based on direct labor-hours (DLHs) in the Packaging Department.

Assembly Packaging

Direct labor-hours 5,200 62,000

Machine-hours 68, 400 11,900

Total fixed manufacturing overhead cost $390,000 $419,000

Variable manufacturing overhead per DLH $ 3.75

Variable manufacturing overhead per MH $ 3.00

Assembly:

Overhead= fixed overhead + variable overhead

Overhead= 390,000 + 68,400*3= $595,200

Packaging:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (419,000/62,000) + 3.75= $10.51

8 0

4 years ago