Answer:
Journal entries will be as follows;
Explanation:
1.The machine purchased is an asset so machinery a/c will be debited.
The cash used to purchase the machine is an outflow so it's credited on the cash a/c
2. Electricity wiring on the machine is part of the acquisition cost, hence we debit machinery account and the cash paid for that is credited on cash a/c
3. Cost of securing it in place is also an operating cost hence you debit machinery a/c and credit the cash used to pay for it in the cash a/c
<u>Journal entries</u>
1. Machinery account Dr 192,000
Cash account Cr 192,000
2.Machinery account Dr 8,000
Cash account Cr 8,000
3.Machinery account Dr 1,600
Cash account Cr 1,600
The correct answer is; Vendor bid analysis.
Further Explanation:
Mary is taking advantage of using the vendor bid analysis to help with her project changes. This is commonly used by project managers and planners to get an estimated cost of the project. This is used by considering the costs of several things such as;
- quotes
- bids
- proposals
- receipts
When there are numerous suppliers for a project such as a wedding it is imperative to use the vendor bid analysis. This can save time and thousands of dollars. When evaluating the products or the services from people, some things to check for are;
- previous reviews
- quality needs
- checking past references
- deadlines have been met in past or can be guaranteed
Learn more about vendor bids at brainly.com/question/10871478
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The amount of overhead allocated to a job that used 300 direct labor hours is $900.
<h3>Overhead allocated:</h3>
First step is to calculate the predetermined overhead rate per direct labor hour
Using this formula
Predetermined overhead rate=Estimated manufacturing overhead/Estimated direct labor hours
Predetermined overhead rate=$450,000/150,000
Second step is to calculate the overhead allocated
Overhead allocated=Predetermined overhead rate × Direct labor hours
Overhead allocated=$3×300
Overhead allocated=$900
Inconclusion the amount of overhead allocated to a job that used 300 direct labor hours is $900.
Learn more about overhead allocated here:brainly.com/question/15739613