Answer:
True
Explanation:
Generally, net income will be the same under absorption costing and variable costing. However, producing fewer units than units sold will decrease the net income under absorption costing. As whatever the variable cost is under the absorption method, fixed manufacturing overhead remains the same that decreases the gross profit and net income. Under the variable costing, the fixed overhead will be calculated as per the units produced. Therefore, the net income will decrease proportionately.
Explanation:
The Journal entry is shown below:-
a. Salary Expense Dr, $2,550
To salaries payable $2,550
(Being accrual of salary is recorded)
b. Income summary Dr, $324,750
To Salary expense $324,750
($322,200 + $2,550)
(Being closing of salary expense is recorded)
Answer:
D. Star will be liable on the contract only if it adopts the contract.
Explanation:
"Policies and procedures" are the <span>components of your project plan will be affected.
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Policies and procedures are intended to impact and decide every single significant choice and moves, and all exercises occur inside the limits set by them. Techniques are the particular strategies utilized to express approaches in real life in everyday operations of the association or organization.
