Meat
this is true it comes from the amazon rainforest
<u>Solution:</u>
In order to record the merchandise inventory on LCM with the correct amount, the following Journal entry will be passed in the books of account:
Date account and explanation debit credit
Dec 31 The cost of goods sold (250000-200000) 50000
Merchandise inventory 50000
(To record inventory on LCM)
Therefore, the cost of goods sold will be debited with an amount of $50000 and the Merchandise inventory will be credited with the same amount of $50000.
Answer:
$192 will be allocated to the direct labor cost while $8 will be allocated to manufacturing overhead.
Explanation:
Costs relating to idle time are part of the fringe benefits that are related to direct labor and they are parts of the benefits given to workers.
Idle time is the number of time in which workers are idle during the normal working hours or day. Some of the causes of idle time include defective materials, power outage, faulty machine, shortage of raw materials, and among others.
In cost accounting, idle time costs are not included in the direct labor costs but are considered as indirect labor costs. Idle time costs are therefore included in manufacturing overhead cost.
From the question,
Direct labor cost = (Number of hours worked by Robert – Idle hours) × hourly rate
Direct labor cost = (50 - 2) × $4
= 48 × $4
= $192
Idle time cost = Idle time × hourly rate
= 2 × $4
= $8
Total cost = Direct labor cost + Idle time cost
= $192 + $8
= $200
Since idle time cost is considered as indirect labor cost and to be included in manufacturing overhead cost, $192 will be allocated to the direct labor cost while $8 will be allocated to manufacturing overhead.
All the best.
For the answer to the question above asking, w<span>hich is the most cost effective way for John to buy a house in the suburbs? I think the answer here is that he should </span><span>Break his lease once he has bought the perfect home.</span>
NO. Consolidated has not tendered delivery.
<span>Tender of delivery means that the seller offers the goods to the buyer by putting or holding them at the disposition of the buyer. Seller also gives the buyer some notification reasonably necessary for taking delivery.
</span>
In this case, Oscar is open 6 am to 8 pm daily. Delivery arrived at 10 pm where no one is there to accept the delivery. Only until Oscar or anybody that is authorized by Oscar to accept delivery is actually in the premises to receive the goods being delivery will Consolidated be able to tender delivery.
