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3 years ago

the _____ principle states that inventory costs are expensed as cost of goods sold when inventory is sold.

Business

2 answers:

mr Goodwill [35]3 years ago

6 0

The school principal!

Glad I can help

AURORKA [14]3 years ago

4 0

Answer:cost

Explanation:

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Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturin

trapecia [35]

Answer:

Allocated MOH= $274,850

Explanation:

Giving the following information:

Estimated manufacturing overhead cost $238,900

Estimated machine hours 20,000

Actual machine hours 23,000

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 238,900/20,000

Predetermined manufacturing overhead rate= $11.945 per machine-hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 11.95*23,000

Allocated MOH= $274,850

8 0

3 years ago

Reasons for looting

podryga [215]

Answer:

to get supplies

Explanation:

I hope I helped

3 0

3 years ago

As an entrepreneur, how are you

ANEK [815]

Answer:

entrepreneur are small scale farmers thatthey are passionate with there farm buisness

7 0

3 years ago

When the fed buys government bonds, the reserves of the banking system

Roman55 [17]

Answer: increase, so the money supply increases

Explanation:

5 0

3 years ago

18) Fred purchased shares of stock In a fast-food corporatlon for $10,000. Marla ls a sole proprletor of a

Andru [333]

Answer:

A. Fred can only lose $10,000, but Marla can lose more

Explanation:

Fred can lose a maximum of $10,000 because he bought shares of a corporation. Shareholders of a corporation enjoy limited liability to its debts. Should the corporation face liquidation, the shareholder's liability is limited to the value of share contribution. It means that Fred can lose a maximum amount equal to the shares he purchased should the corporation collapse.

Marla bought a sole proprietorship business. The law considers a sole proprietorship business and the owner to be the same thing. Marla's business assets are her assets, while the debts of the business will be her debts. Should the restaurant incur debts more than the $10,000 that Marla paid for it, she stands to lose more if her business collapses. Her assets will be used to settle the debts of the restaurant.

8 0

3 years ago