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svp [43]
2 years ago
8

A summary of the time tickets is as follows: Job No. Amount 100 $2,680 101 2,220 104 4,070 108 4,640 Indirect 14,280 111 2,830 1

15 1,860 117 12,570 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. blank - Select - - Select - - Select - - Select - - Select - - Select -
Business
1 answer:
snow_lady [41]2 years ago
6 0

The journal entry to record the factory labor costs (as per the time tickets) is as follows:

<h3>Journal Entry</h3>

Debit Work in Process:

Job 100              $2,680

Job 101                 2,220

Job 104                4,070

Job 108                4,640

Job 111                  2,830

Job 115                 1,860

Job 117               12,570

Debit Factory overhead $14,280

Credit Factory Labor costs $45,150

<h3>Data Analysis:</h3>

Job No.       Amount

100              $2,680

101                 2,220

104                4,070

108                4,640

111                  2,830

115                 1,860

117               12,570

Factory overhead (Indirect labor costs) $14,280

Thus, the factory labor costs are <u>debited</u> to the Work in Process for various jobs and the factory overhead (indirect costs), while the <u>credit</u> entry goes to the Factory Labor Costs account.

Learn more about recording factory labor costs at brainly.com/question/17080631

#SPJ1

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Paul currently has an investment portfolio that contains 2 stocks that have a total value equal to 1000000, what is the portfoli
snow_lady [41]

Paul has 2 stocks whose portfolio required rate of return is based on the value of $100,000. The correct answer for the portfolio given is 14% rate of return.

<h3>What is a Portfolio?</h3>

A Portfolio is a combination of financial investments.

These investments include various financial instruments such as bonds, stocks, cash or cash equivalents, commodities, futures, swaps, options and other derivatives.

People hire portfolio experts to manage their portfolio on their behalf because they have more knowledge than the owner of that portfolio.

These portfolio managers often charges some fees from their clients for the services they render them.

Investment portfolio are prepared by keeping in view their risk appetite of the clients.

Some clients are risk averse who can accept lesser returns while some clients are risk takers who wants more returns and are ready to accept more risk.

In the given question there are two stocks which has total value of $100,000.

The returns are :

Portfolio A $40,000 , Ra is 20%

Portfolio B $60,000, Rb is 10%

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3 0
2 years ago
Cheyenne is the manager of a local small hotel. Just today Cheyenne received word that a major convention will be coming to town
Korolek [52]
What is the moon and how are we doing and I don’t know how much
8 0
3 years ago
Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products A B C
Goryan [66]

Answer:

How many minutes of grinding machine time would be required to satisfy demand for all four products = 97,620 minutes.

Explanation:

The minutes of grinding machine required to satisfy demand for all four products -

Grinding time of Product A = Grinding minutes per unit of Product A * Monthly demand in units of Product A

= 5.0 * 5,200 = 26,000

Grinding time of Product B = Grinding minutes per unit of Product B * Monthly demand in units of Product B

= 6.50 * 5,200 = 33,800

Grinding time of Product C = Grinding minutes per unit of Product C * Monthly demand in units of Product C

= 5.50 * 4,200 = 23,100

Grinding time of Product D = Grinding minutes per unit of Product D * Monthly demand in units of Product D

= 4.60 * 3,200 = 14,720

The minutes of grinding machine required to satisfy demand for all four products =

= 26,000 + 33,800 + 23,100 + 14,720

= 97,620 minutes.

6 0
3 years ago
ABC Enterprises issues $400,000 of bonds paying a stated interest rate of 7%. The bonds are due in 10 years, with interest payab
Ainat [17]

Answer:

$305,772.29  

The bond was issued at discount

Explanation:

The pv value approach in excel comes handy in determining the price of teh bond.

The formula is stated below:

=-pv(rate,nper,pmt,fv)

rate is the yield to maturity of other bonds of similar risk and maturity at 11%

nper is the number of times that the bond would pay coupon interest to the bondholders ,since the bond is an annual coupon paying bond,it would pay coupon for 10 years

pmt is dollar value of the coupon payable by the bond annually which is 7%*$400,000=$28,000

fv is the face value of the bond at $400,000

=-pv(11%,10,28000,400000)=$305,772.29  

Since the bond was be issued at a price lower than its face value,hence it was issued at a discount

Alternatively

Present value of interest payment = 28000 * 5.8892 = 164,898

Present value of Bond Principal = 400000 * 0.3522 = 140,874.

Total present values                                                        305,772

4 0
3 years ago
Read 2 more answers
You own a stock portfolio that is invested 10% in stock A, 30% in stock B, 40% in stock C, and 20% in stock D. These stocks have
navik [9.2K]

Explanation:

10%×1.2+30%×0.8+40%×1.1+20%×1.5=12%+24%+44%+30%=1.1?

8 0
3 years ago
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