Answer:
<em>Warranty expense should be recorded in the period when the warranty service is performed.</em>
Explanation:
When the product is sold, a product guarantee liability and warranty cost should be reported if it is possible that consumers may make claims under the warranty and the amount can be calculated.
Those two provisions are part of the Financial Accounting Standards Statement No. 5 of the FASB, Accounting for Contingencies.
Answer:
Statement of Cost per equivalent unit
Particulars Materials Conversion
Cost of beginning work in process $8,130 $9,128
Add: Costs added during the month <u>$226,500</u> <u>$284,232</u>
Total cost A $234,630 $293,360
Number of equivalent units B <u> 9,900 </u> <u> 9,400 </u>
Cost per equivalent unit (A/B) <u>$23.70 </u> <u>$31.21 </u>
Answer:
Explanation highest paying
:
Range would be the check that is used to restrict the fines for speeding violations from $50-$250
Answer:
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Explanation:
