Answer:
d.$12.40
Explanation:
The computation of the per unit cost is shown below:
= Total cost ÷ Number of units produced
where,
Total cost = Direct material cost + Direct labor cost + Factory overhead cost
= $4,400 + $5,600 + $2,400
= $12,400
And, the units produced = 1,000 units
So per unit cost equal to
= $12,400 ÷ 1,000 units
= $12.40
Answer:
The equation remains balanced but there is a total increase of $ 3000 on both sides.
Explanation:
Cash is increased by earning a cash of $ 3000 and so is the revenue increased . Increase in the revenue means increase in the capital.
The total profit earned is added in the Capital.
The increase in the right hand side of the equation is equal to the increase in the left hand side of the equation.
Assets = Liabilities + Capital
Cash +Assets = Liabilities + Capital + Revenue
+ $ 3000 = + $ 3000
The equation remains balanced but there is a total increase of $ 3000 on both sides.
Answer: Cost to purchase the options on the exercise date = $1000
Explanation:
Given:
Stock options awarded = 10
Right to buy shares = 10
Exercise price = $10
We'll compute the cost as follow:
Cost to purchase the options on the exercise date = Stock options awarded × Right to buy shares × Exercise price
Cost to purchase the options on the exercise date = 10×10×10
Cost to purchase the options on the exercise date = $1000
<u><em>Therefore, the correct option is (d)</em></u>
The business incurred an expense and paid it immediately. To record this an expense is debited and an asset is credited. To keep the account ledger correct, you must debit the expense and take it out of that account. Then the asset is credited because the asset is now on hand.