<u>Answer: </u>Option C
<u>Explanation:</u>
Manufacturing costs are the costs which are involved in the production of the goods. It excludes the direct materials and the direct labor as these factors are not only factors of production but used for other work in the organisation.
The indirect materials used are also included in this overhead which cannot be traced easily. Some of the manufacturing costs are maintenance, repairs on production, heat light, property tax, depreciation and insurance on manufacturing facilities. These costs are also called as factory overhead and factory burden.
Answer:
Answer is a) debit, actual
Manufacturing Overhead account has a debit balance and applied manufacturing overhead is greater than the actual manufacturing overhead
Explanation:
Overheads are applied to product costs using budgeted overhead rates. Budgeted rates are used because the delays in obtaining actual overhead affects timeous product valuation for profit purposes
Over applied situation occurs when the applied overheads exceeds the actual manufacturing overhead.
<em>The Manufacturing Overhead Account will have the following entries:</em>
Transfer to work in Progress figure - credit (with applied overheads)
Bank - debit (actual overhead)
Balancing figure or shortfall - debit (over-applied)
That statement is false. Your financial decision will not decrease when you have become an adult,
Answer:
When sending an email, Ellis restates the subject in the body of the message.
Explanation:
Email has some standard guidelines for preparing the email.
It includes that the subject shall also be defined again in the descriptive area, where entire content of email is discussed.
There must be a descriptive line showing the purpose of email.
There shall be supportive subject for the description of email.
If the email has some quantitative data then it shall be summarized using graphs, pictures etc:
In a single email, least topics shall be discussed as that will not confuse the reader, and will be logical, towards the response for such email.
Declining costs Highest net income LIFO Highest inventory LIFO.
Core paper. The last-in-first-out (LIFO) method assumes that the last unit to arrive in inventory, or the newest unit, will be sold first. The first in, first out (FIFO) method assumes that the oldest SKUs are sold first. FIFO inventory calculation assigns the last acquisition cost to the manufacturing cost.
FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.
Learn more about LIFO at
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