The Labor cost = Units Produced * Direct Labor hours per Unit * Direct Labor rate per Hour is <u>$ 1,200,000.</u>
= 15,000 * 4 * $20
= $ 1,200,000
Answer: $ 1,200,000
Production is the process of combining various tangible and intangible inputs (plans, knowledge) to produce things for consumption (outputs). It is the act of creating output, goods, or services that are of value and contribute to an individual's benefit.
An example of production is the manufacture of automobiles. A car is made up of parts. For example, rubber tires are added to a metal body to create a seat before the car leaves the assembly line. “Production is the organized activity of transforming resources into final products in the form of goods and services. The goal of production is to meet the demand for such transformed resources.
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Answer:
- The adjustment causes an increase in an asset account and an increase in a revenue account.
- Accounts receivable is usually increased when accruing revenues.
- They refer to revenues that are earned in a period, but have not been received and are unrecorded.
- They refer to earnings which have been earned but not yet billed.
Explanation:
Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.
When the books are being adjusted for this, the accounts receivable - which is an asset account - will increase to show that cash is owed. Revenue will also increase as this was cash earned from delivering a good or service.
Answer:
79.5%.
Explanation:
Rate of return = 
x 100
The cost of the acre = $12700.
Total property taxes paid for 7 years = $175 x 7
= $1225
Net value of cost = $12700 + $1225
= $13925
Net value of the land when sold = $25000
∴ Rate of return = 
x 100
= 0.7953 x 100
= 79.53%
The rate of return of the acre of land is 79.5%.
Holding all other things constant, if the expected unit sales increase, then the markup under absorption costing will It increases 11.11% to 20% by the increase in units.
A water-soaked paper towel is an example of absorption. If you dip a crayon into the ink for a while, it will take on the color of the ink through absorption. Oxygen and carbon dioxide dissolves in water by absorption. Absorption of ammonia gas by water.
Absorption is the process by which digestive products are taken into the blood to nourish the rest of the body. During absorption, digestive products are carried through the mucous membranes into the blood or lymph.
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