Answer: It's advisable to start saving and investing as early as possible in order to take advantage of compound interest.
Explanation:
<u><em>C IS THE ANSWER</em></u>
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Answer:
Predetermined overhead Absorption rate = $22.93. per labour hour
Explanation:
Predetermined Overhead absorption rate(POAR) = Estimate overhead /Estimated labour hours
Estimated overhead = $1,192,360
Estimated labour hours =52,000 hours
Overhead absorption rate = $1,192,360/52,000 hours =$22.93 per labour hour
Predetermined overhead Absorption rate = $22.93. per labour hour
When a manufacturing company uses direct materials, it assigns the cost by debiting Work-in-Process Inventory.
<u>Option: B</u>
<u>Explanation:</u>
The nearly completed products of a business that await fulfillment and subsequent selling or the valuation of those commodities is understood as a work-in-process inventory. These products are either produced in a line or in a buffer stock, or are pending for any further handling. The concept is employed in controlling the manufacturing and distribution chain. Optimum quality control is aimed at reducing system activity. Function in system requires storage space, reflects attached capital that is not accessible for investment and brings an inherent risk of previous expiry of the goods' shelf life.