Answer:
Balance = $1,650
Explanation:
As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows
Adjusting entry at the end of June would be
DEBIT CREDIT
Entry
Rent Expense $550
Prepaid Rent $550
The balance on Norma's prepaid expense would be
Prepaid Rent = $2200
Rent Expense = ($550)
Balance = $1,650
The selling price per unit less the variable cost per unit is the contribution margin per unit.
<h3>What is the contribution margin per unit.?</h3>
This is the term that is used to refer to the selling price that was used for the sale of a particular good minus the variable cost that was employed in the production of that particular good. It is the contribution that is made towards the payment of the fixed costs.
Hence we can say that The selling price per unit less the variable cost per unit is the contribution margin per unit.
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Answer:
C. Service cost, interest cost, and expected return on plan assets.
Explanation:
- A pension expression is an amount that the business charges to expense in relation to the liabilities of the pension payable of the employees and the amount of the expense vary and depends on whether the person is and to benefit from it
- <u>The components of the pension plan include the Service Cost, Interest Cost, the Return on Plan Assets, and the Prior Service Cost, and all the Gains and Losses.
</u>
- The service cost includes the future compensation of the employees. The interest cost is his is interest in the projected benefit obligation.
- <u>The Actual rate of return on an asset plan is the ending plan assets, that forms the contribution and benefit payments, the gain or the loss resulting from changes in the value of a projected benefit</u>
