Answer:
total product costs = $101750
Explanation:
given data
overhead costs = $ 100
Direct materials of $41,000
direct manufacturing labor = 450
per hour = $35
markup rate = 30 %
solution
we get here total product costs that is express as
total product costs = Direct materials + DML + MOH ..........1
total product costs = $41,000 + ( 450 × $35 ) + ( 450 × $100 )
total product costs = $41,000 + $15750 + $45000
total product costs = $101750
Answer:
Option A is correct one.
<u>Are more summarised than for lower levels of management</u>
Explanation:
For higher levels of management, responsibility accounting reports<u> are more summarised than for lower levels of management.</u>
It is a summarised report facilitating the higher levels of management in order to keep a track of performance of low level management.
Answer:
Explanation:
The journal entries are shown below:
On Jan 1 - Cash A/c Dr $5,000,000
To Bonds Payable A/c $5,000,000,
(Being bond is issued)
On June 30 - Interest expense A/c Dr $150,000
To Cash A/c $150,000
(Being interest paid for cash)
On December 31, Bonds Payable A/c Dr $5,000,000
To Cash A/c $5,000,000
(Being payment of principal is recorded on the maturity date)
