During the current month, a company that uses job order costing purchases $52,000 in raw materials for cash. It then uses $22,000 of raw materials indirectly as factory supplies and uses $20,100 of raw materials as direct materials. Prepare journal entries to record these three transactions
Answers
Answer:
Account Title Debit Credit
Raw materials inventory $52,000
Cash $52,000
Account Title Debit Credit
Factory Supplies $22,000
Raw materials $22,000
Account Title Debit Credit
Work in Process inventory $20,100
Raw materials $20,100
Related Questions
Depreciation by Two Methods
A storage tank acquired at the beginning of the fiscal year at a cost of $80,000 has an estimated residual value of $4,800 and an estimated useful life of four years.
a. Determine the amount of annual depreciation by the straight-line method.
$fill in the blank 1
b. Determine the amount of depreciation for the first and second years computed by the double-declining-balance method. Do not round the double-declining balance rate. If required, round your answers to the nearest dollar.
Depreciation
Year 1 $fill in the blank 2
Year 2 $fill in the blank 3
Answers
The amount of annual depreciation by the straight-line method is $18,800.
Annual depreciationa. Annual depreciation
Annual depreciation=[($80,000 - $4,800) ÷ 4]
Annual depreciation=$18,800
b. Annual depreciation
Year 1 Annual depreciation= 10% × $80,000
Year 1 Annual depreciation = $8,000
Year 2 Annual depreciation= 10% × ($75,000 - $7,500)
Year 2 Annual depreciation = $7,520
Therefore the amount of annual depreciation by the straight-line method is $18,800.
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Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow.
Process Activity Overhead Cost Driver Quantity
Components Changeover $458,000 Number of batches 810
Machining 307,000 Machine hours 7,650
Setups 232,000 Number of setups 160
997,000
Finishing Welding 188,000 Welding hours 4,100
Inspecting 231,000 Number of inspections 835
Rework 62,000 Rework orders 150
$ 481,000
Support Purchasing $143,000 Purchase orders 525
Providing space 32,000 Number of units 5,020
Providing utilities 61,000 Number of units 5,020
$ 236,000
Additional production information concerning its two product lines follows.
Model 145 Model 212
Units produced 2,000 3,020
Welding hours 1,200 2,900
Batches 405 405
Number of inspections 465 370
Machine hours 2,350 5,300
Setups 80 80
Rework orders 100 50
Purchase orders 350 175
Required:
1.
Determine departmental overhead rates and compute the overhead cost per unit for each product line. Base your overhead assignment for the components department on machine hours. Use welding hours to assign overhead costs to the finishing department. Assign costs to the support department based on number of purchase orders.(Round your intermediate calculations and per unit cost answers to 2 decimal places.)
2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $210 for Model 145 and $150 for Model 212. (Round your intermediate calculations and cost per unit answers to 2 decimal places.
Answers
Answer:
I think it would be 576,676 and for the second one 870,34
Explanation:
Hopefully I was right
g The price elasticity of gasoline demand in the United States is 0.4 If the price of gasoline rises by 8 what is the expected change in the quantity of gasoline demanded in the United States Group of answer choices 5 20.0 3.2 3.2 5
Answers
Answer: 3.2
Explanation:
The price elasticity of demand shows the change in quantity demanded of a good in response to a change in its price.
Price elasticity of demand = Change in quantity demand / Change in price
0.4 = Change in quantity demanded / 8
Change in quantity demanded = 0.4 * 8
= 3.2
Example of how this skill can make you valuable to potential employer of self and social awareness
Answers
Answer:Self-awareness can help improve your career because it makes it easier to understand how others see you. This is key for success. It's essential to be aware of the perceptions of higher-ups, of course, but it's also important to know how you come off when you're working in a leadership capacity.
Explanation: trust
The followings are the example of how this skill can make you valuable to a potential employer of self and social awareness:
recognizing your feelings and your emotions.Identify your main coping techniques.defining your own opinions independently of outside influences.putting your happiness and purpose first.recognizing your advantages and weaknesses.What is Social Awareness?The capacity to understand others' viewpoints and have empathy for them, even those from different cultures and origins. the capacity to perceive community resources and supports, as well as to comprehend social and ethical norms for behavior.
A more peaceful workplace can be achieved through developing your self-awareness so that you can interact with coworkers, direct reports, and superiors more effectively. You can view problems more objectively and consider your possible contribution to their development. You pay attention and live in the present.
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WHAT ARE THE BENEFITS OF PHYSICAL ERGONOMICS
Answers
Answer:
▫️Increased savings. • Fewer injuries. • More productive and sustainable employees. ...
▫️Fewer employees experiencing pain. • Implementing ergonomic improvements can reduce the risk factors that lead to discomfort.
▫️Increased productivity. • ...
▫️Increased morale. • ...
▫️Reduced absenteeism. •
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Explanation:
Hope it will help you
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11. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
selling price $140
units in beginning inventory 0
units produced 1,200
units sold 800
units in ending inventory 400
Direct materials $25
Direct labor $41
Variable manufacturing overhead $6
Variable selling and administration $6
Fixed manufacturing overhead 24,000
fixed selling administration $12,000
What is the net operating income for the month under variable costing?
A. $21,600
B. $(15,200)
C. $8,000
D. $13,600
Answers
Answer:
I THINK ITS B
Explanation:
imagine an economist makes this statement. "A country such as the u.s can have a large overall GDP, but it is more important to have a high per capita GDP, such as Luxembourg". Explain the rationale behind the economist statement.
Answers
Even though the US might have a higher GDP when compared to Luxemburg, its standard of living would be lower than Luxemburg if A has a higher per capita GDP.
What is per capita GDP?
GDP is an abbreviation for gross domestic product. GDP measures the total sum of final goods and services that is produced in a country in a year.
Per capita GDP is the GDP of a country divided by the population of that country. Standard of living is measured by per capita GDP. The higher the GDP per capita, the higher the standard of living.
Per capita GDP = GDP / population
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Do you think that an provide or stole return or rebuy opportunity??? Why or why not??
Answers
Answer:
what?
Explanation:
madam or sir what do u meannnn
define federal deposit insurance corporation.
Answers
What is globalization?
Answers
Globalization is the increase in the flow of goods, services, capital, people, and ideas across international borders. Globalization changes the way nations, businesses and people interact. Specifically, it changes the nature of economic activity among nations, expanding trade, opening global supply chains and providing access to natural resources and labor markets.
Answer: Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale.
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For a 12-person team, how many additional employees will need to be hired to meet the labor hours needed without overtime
Answers
The additional number of employees needed is 3.
Total labor hours required per week = 600
Available regular hour per person per week = 40
For 12-person team, the total available regular hour = 40*12 = 480 per week.
Additional regular hours required to fulfill the requirement = 600 - 480 = 120 hours per week.
Additional number of employees needed = Additional regular hours required / Regular hour per person per week
Additional number of employees needed = 120/40
Additional number of employees needed = 3
The missing word is "amazon Labor Information -Regular Rate $15.00/hr -Overtime Rate $22.50/hr -Targeted Labor Cost $9,000/wk -Labor Hours Needed 600/wk -Any hour worked over 40 hrs/wk must be paid overtime rate For a 12-person team, how many additic 3 3 15 50 120 750"
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Anong ahensya kaya ng gobyerno ang dapat makialam sakasong ito?
Answers
DEPARTMENT OF ENVIRONMENT AND NATURAL RESOURCES(DENR)
Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.9 customers arrive each hour. One design consultant is available to answer customer questions and make product recommendations. The consultant averages 10 minutes with each customer.
A. Compute the operating characteristics of the customer waiting line, assuming Poisson arrivals and exponential service times. If required, round your answers to four decimal places.
Lq =
L =
Wq = hours
W = hours
Pw =
B. Service goals dictate that an arriving customer should not wait for service more than an average of 6 minutes. Is this goal being met? If not, what action do you recommend? Yes or No
C. If the consultant can reduce the average time spent per customer to 8 minutes, what is the mean service rate? If required, round your answer to one decimal place.
------ customer per hour
Will the service goal be met? Yes or No
Answers
A. Operating characteristics:
Lq ≈ 0.5017, L ≈ 0.9377, Wq ≈ 0.1730 hours, W ≈ 0.5063 hours, Pw ≈ 0.4833
B. Service goal: Not met. Action recommended.
C. Mean service rate: 7.5 customers/hour.
If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes).
A. To compute the operating characteristics of the customer waiting line:
Arrival rate (λ) = 2.9 customers/hour
Service rate (μ) = 60 minutes / 10 minutes per customer = 6 customers/hour
Average number of customers in the queue (Lq):
Lq = (λ^2) / (μ * (μ - λ)) ≈ 0.5017
Average number of customers in the system (L):
L = λ / (μ - λ) ≈ 0.9377
Average waiting time in the queue (Wq):
Wq = Lq / λ ≈ 0.1730 hours (approximately 10.38 minutes)
Average waiting time in the system (W):
W = Wq + (1 / μ) ≈ 0.5063 hours (approximately 30.38 minutes)
Probability of a customer waiting in the queue (Pw):
Pw = λ / μ ≈ 0.4833
B. The service goal is that an arriving customer should not wait for service more than an average of 6 minutes. However, the average waiting time in the system (W) is approximately 30.38 minutes, exceeding the goal. Therefore, the service goal is not being met.
Action recommendation: To meet the service goal, I would recommend taking the following actions:
Increase staffing: Hire additional design consultants to handle customer questions and product recommendations.
Improve efficiency: Streamline processes and provide training to the consultant to reduce the time spent with each customer.
Appointment scheduling: Implement a system for customers to schedule appointments, ensuring dedicated time slots for each customer and minimizing waiting times.
Self-service options: Provide self-service resources or online tools where customers can access basic information and make preliminary decisions, reducing the need for extensive consultations.
C. If the consultant can reduce the average time spent per customer to 8 minutes, the mean service rate can be calculated as follows:
Mean service rate (μ) = 60 minutes / 8 minutes per customer ≈ 7.5 customers/hour
Will the service goal be met? Yes
If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes). This is less than the service goal of 6 minutes, so the goal will be met.
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Chucky is always the one who is trying to ensure everyone gets along. He is always encouraging others to do their best. He is performing a ________ role.
production
maintenance
task
relational
social
Answers
Answer:
Chucky is always making sure he has his buddy the knlfe with him aswell.
maintenance.
Explanation:
technology plays Avery important role in today's marketing thus the emerging of e-marketing. Identify various challenges facing e-marketers today.
Answers
Answer:
Some of the challenges facing e-marketers today include:
Increased Competition: With the increasing adoption of e-marketing, the level of competition has significantly increased, making it harder for businesses to stand out. To be successful, e-marketers need to find innovative ways to differentiate their products and services from competitors.
Privacy Concerns: The increased use of technology in e-marketing has raised privacy concerns among consumers. E-marketers must adhere to strict data privacy regulations to ensure the protection of consumer information.
Security Issues: Cybersecurity threats are a significant challenge for e-marketers. Businesses must ensure that their e-commerce platforms are secure from cyberattacks, and customer data is protected.
Technological Changes: E-marketing is heavily reliant on technology, and the rapid pace of technological change can be a significant challenge for businesses. E-marketers must stay up-to-date with technological advancements to remain relevant and competitive.
Data Analytics: E-marketers must have the expertise to collect and analyze data effectively. This requires a skilled workforce and sophisticated tools for data analysis.
Digital Fatigue: Consumers are becoming increasingly overwhelmed by the amount of digital content they are exposed to daily. E-marketers must find ways to break through the digital clutter and engage consumers effectively.
Explanation:
When Coca-Cola introduced Coke Zero, this was an example of a _____ strategy.
Answers
Answer:
B) product line extension
Explanation:
The product line extension refer to the extension of the product that means introduction of a new item in the same category of product in terms of new flavors, colors, sizes, etc
Since in the question it is mentioned that the Coca-cola introduced the coke zero so this represent the product line extension strategy example
Therefore the correct option is B.
In a graduated tax system,
a. the tax rate says the same regardless of taxable income.
b. the tax rate gets lower as taxable income gets larger.
c. the tax rate gets higher as taxable income gets smaller.
d. the tax rate gets higher as taxable income gets larger
Answers
Answer:tax rate gets high the more I come
Explanation:
More money earned means more tax return
Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to O*NET, what are common skills needed by Postsecondary Education Administrators? Check all that apply.
speaking
active listening
reading comprehension
science
critical thinking
quality control analysis
Answers
According to O*NET, the common skills needed by Post-secondary Education Administrators are: Speaking, Active listening, Reading comprehension, and Critical thinking.
Administrators in postsecondary education help students with a range of activities, including class registration and admissions application completion.
Administrators in postsecondary education are in charge of faculty research, academics, and student services in colleges and universities.
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Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment Surgical Supplies Rehab Equipment Rehab Supplies Selling price $ 276 $ 134 $ 354 $ 152 Cost 156 136 255 152 Costs to sell 17 17 16 7 In applying the lower of cost or net realizable value rule, the inventory of surgical supplies would be valued at:
Answers
Answer:
$117
Explanation:
Costco Medical Supply's merchandise inventory:
Surgical equip. Surgical supplies Rehab equip. Rehab supplies
Selling price $276 $134 $354 $152
Cost $156 $136 $255 $152
Cost to sell $17 $17 $16 $7
Net realizable V. $259 $117 $338 $145
If we apply the lower of cost or net realizable rule for determining the value of surgical supplies, its value would be: $117 < $136
When we use the lower of cost or net realizable rule, we should value our inventory at the lowest value between original purchase cost and current net realizable value of the products.
Which statement is true regarding monopolistic competition?
Answers
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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The areas of academic study are called
Answers
Answer:
Academic Focus Areas are related majors that are grouped together because they share a foundation of common course requirements and recommendations. At most institutions, every program of study will fit into one of a limited number (five to seven, generally) of Academic Focus Areas.
An academic discipline or field of study is known as a branch of knowledge.
Explanation:
Answer: Branches of knowledge
Happy to help; have a great day! :)
mo memememememes
first person to answer has a chance at brainlyest
give memes
second person gets brainlyest if first is stupid
Answers
Answer:
hi
Explanation:
Can independence in fact or independence in appearance stand alone?
Answers
Independence in fact is the foundation that gives substance and meaning to a person's independence, while independence in appearance focuses on the external projection of independence
Distinction between independence in fact and independence in appearanceIndependence in fact: This refers to a person's actual ability to make decisions, take action, and manage their own affairs without relying heavily on others.
Independence in appearance: This pertains to how independent a person appears or is perceived by others. It focuses on the external manifestations
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Why do some entrepreneurs move onto different projects once they have generated sufficient money?
Answers
Answer:
to reinvest again since they have met their goals
Explanation:
Although there are other reasons investors may use exit strategy, however, it is often used by entrepreneurs when they determine they have made enough profit for which the business or project was started in the first place.
By moving onto another business project, entrepreneurs most likely intend to rebuild again a different project to the same level their past project did.
Income levels relates to _____.
possible customers
demographics
competition
communication
Answers
Answer:
Income levels relate to demographics.
Answer:
Income levels relates to demographics.
Explanation:
The total assets of Berber Company are $190,000 and its owner's equity is $89,000. What is the amount of its total liabilities?
Answers
Answer:
$101,000
Explanation:
As per the accounting equation, assets are equal to liabilities plus equity.
I.e.,
Assets = Liabilities + Equity
For Berber Company, Assets are $190,000: liabilities = $89,000
Therefore,
$190,000 = $89,000 + Equity
Equity = $190,000 -$89,000
Equity = $101,000
Woolies environmental impact in relation to the triple bottom line
Answers
The environmental impact as regard is the Triple bottom is that Woolies has reduced the ways that it sends wastes to landfills and has also embraced the method of recycling.
What is the triple bottom line?This is the term that is used to refer to a sustainable network or frame work that a business may have to adopt. What this means is that they would have to adopt the practice of measuring the success of the business through the eyes of the following elements.
peopleplanetprofitHence The environmental impact as regard is the Triple bottom is that Woolies has reduced the ways that it sends wastes to landfills and has also embraced the method of recycling.
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What is Banking sector??
Answers
Answer:
The banking sector is a major segment of the U.S. and world economies. While some might define it more broadly, the U.S. Department of Commerce considers it a subsector of the larger financial services industry, which also includes subsectors focusing on asset management, insurance, venture capital, and private equity.
Explanation: