Answer:
add $36 to the book's balance.
Explanation:
Since in the question it is given that the check amount is $648 which is to be paid by the bank is recorded incorrectly in the company books for $684
So the difference of $36 would be added to the company book balance and no adjustment would be made in the bank balance
This addition would balance the both book balance and the bank balance.
Answer:
Manufacturing overhead for July will be $55000
Explanation:
We have given budgeted labor hour in month of July = 20000
Variable overhead rate = $5
So variable manufacturing overhead = 20000×$5 = $100000
Fixed manufacturing overhead = $25000
Now total manufacturing overhead = $100000+$25000 = $125000
Depreciation expense = $7000
So manufacturing overhead for July = $125000 - $7000 = $55000
Answer:
Exclusive distribution; Selective distribution; Intensive distribution
Explanation:
Exclusive distribution refers to the phenomenon where only certain retailers are given the opportunity to carry the product in their retailer shops. For example as in the above case, only one store is exclusively chosen.
Selective distribution is that retailers are carefully selected to engage in the product of selling. For example only a few stores are engaged with in the above question.
Intensive distribution is when all kind of retailers are given the opportunity to keep the products in their shops. For example the last phase described in the question where all sorts of retailers are engaged in selling activity.
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