Answer:
The Designer Journal Entry
Date General Journal Debit Credit
July 31 Unearned Revenue $7,500
Design Services Revenue $7,500
Answer:
The options are wrong,find below correct multiple choices:
$605,000
$825,000
$655,000
$150,000
The correct option is $605,000
Explanation:
Explicit costs are costs incurred that require actual cash settlement not costs of alternative forgone as in the case of implicit costs.
There is only example of explicit cost for Harvey Business in the first year of operation,which is the cost of production,packaging,marketing,employee wages and benefits and rent on a building.
In other words,the explicit costs incurred in year one =$55*11,000 units
=$605,000
The correct option is the of those ones provided above.
Answer:
a) $186,000
Explanation:
The computation of the total manufacturing cost is shown below:
= Direct material cost + direct labor cost + manufacturing overhead applied
= $62,000 + $78,000 + $46,000
= $186,000
Hence, the total manufacturing cost is $186,000
Therefore the correct option is A.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: (2823, 3417)
Explanation:
The confidence interval for the population mean is given by :-
, where E is the margin of error.
Formula for Margin of error :-
Given : Significance level : 
Sample size = 20
Critical value : 
Margin of error : 
Now, the 95% confidence interval for the population mean will be :-
