Answer:
b.$5,912.50
Explanation:
The computation of the operating income is shown below:
= Sales - Direct materials cost - Direct labor cost - Manufacturing overhead cost - Total selling and administrative expense
where,
Sales = Number of units × selling price per unit
= 825 units × $74.80
= $61,710
Direct materials cost = Number of units × Direct materials per unit
= 825 units × $13
= $10,725
Direct labor cost = Number of units × Direct labor per unit
= 825 units × $13
= $7,260
Manufacturing overhead cost = Number of units × Manufacturing overhead per unit
= 825 units × $16.50
= $13,612.50
And, the Total selling and administrative expense is $24,200
Now put these values to the above formula
So, the value would equal to
= $61,710 - $10,725 - $7,260 - $13,612.50 - $24,200
= $5,912.50
When a motor vehicle is sold to C. Kelly on credit, the relevant entries would be<u> Debit C. Kelly</u><u>, </u><u>Credit </u><u>Motor </u><u>vehicle</u><u>. </u>
When an item is sold on credit to an entity, that entity becomes an Accounts Receivable. As this is an asset, it is debited when it increases which is the case here with C. Kelly purchasing the car on credit.
The motor vehicle account is an asset and assets are credited when they decrease. By selling the vehicle, the motor vehicle account will be credited to show that motor vehicles have decreased.
In conclusion, the accounting entry for the above scenario would be <u>Debit C. Kelly, Credit Motor vehicle. </u>
<em>Find out more at brainly.com/question/20519391. </em>
Answer:
c. middle managers
Explanation:
Middle managers -
The person in the business or organisation , who is responsible to manage the subordinate level of managers and then further reports to the manager in the organization or business , is referred to as the middle manager.
The work of a middle manager is supervise the employees , and allot them the work in and then report to the senior manager , in order to maintain a proper hierarchy in the business.
hence , from the given information of the question,
The correct term is middle manager.
Answer:
B
Explanation:
You want a good impression with people and you also need people to help you along the way
Answer: D
Explanation:
Not necessarily. As long as the company follows GAAP (IFRS or ASPE), the format and information should be the same. This is because the accounting standards requires firm to report financial information in a specific way.
