Answer:
B : an entry on the left side of an account.
Explanation:
There are two terms i.e debit and credit.
The accounts that reported as an expense, losses, assets are recorded in the left-hand side of an account as it contains the debit balance.
While the account reported as a revenue, gains, liabilities & stockholder equity are recorded in the right-hand side of an account as it contains the credit balance.
Answer: a). Debit Factory Payroll Payable $160,000; credit Cash $160,000.
Explanation: Direct labor refers to the manpower used in production. They are the factory workers involved in using the raw materials to produce finished goods.
Expense on direct labor is provided for during the production by a debit to factory payroll expense and a credit to factory payroll payable.
As such, the journal entry will be a debit to factory payroll payable $160,000 and a credit to cash $160,000. This means cash will reduce by $160,000 as the factory workers are paid while payables which is a provision account will reduce as well on the cash book by the same amount.
Answer:
Flexible manufacturing systems (FMS)
Explanation:
FMS stands for the Flexible manufacturing systems, which is described as the method of production, which is designed in order to adapt the changes in the kind and the quantity of the product which is being manufactured.
The computerized systems and the machines could be configured to manufacture the variety of the parts and handle the production changing levels.
Therefore, the FMS is the one which is a single production system that combines the CIM (Computer Integrated Manufacturing) and the electronic machines.
Answer:
236.23
Explanation:
The computation of X is shown below:-
As per the time-weighted method
The 6-month yield
= (40 ÷ 50) × (80 ÷ 60) × (157.50 ÷ 160) - 1
= 5%
Annual equivalent = (1.05)^2 - 1
= 10.25%
1 - year yield = (40 ÷ 50) × (80 ÷ 60) × (175 ÷ 160) × (X ÷ 250) - 1
= 0.1025
X(0.004667) = 1.1025
X = 236.23
Therefore on December 31st the value of account of X = 236.25
The number of hours worked for which I will the receive the payment is 7 hours.
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<u>Explanation:</u>
Considering the working hour is from 7:30 am to 8:30 pm
Initial work hours = 7:30 to 11:30am
number of hours = 4
If I start working at 5:30 pm and work till 8:30 pm then the number of hours would be 3
Thus,
total number of hours worked = 4 + 3
= 7
Therefore, number of hours worked for which I will the receive the payment is 7 hours.
