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1 year ago

A journal entry that debits manufacturing overhead and credits property taxes payable records the ______.

1 answer:

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A journal entry that debits manufacturing overhead and credits property taxes payable records the purchase materials.

Journal entries can also include multiple statistics factors however usually include A header, that's a descriptor of the access kind, and the date entered within the journal; a unique numerical identifier or reference range; · One or extra debts and quantities with a view to being debited through the transaction and the date those debits are made; One or greater bills and amounts the transaction will credit and the date those credits are made; and A brief description of the transaction. magazine entries may additionally consist of statistics precise to the enterprise, along with the subsidiary or subsidiaries concerned within the transaction and the foreign money or currencies used.

Every magazine access contains the information tremendous to a single enterprise transaction, Journal entries which include the date, the amount to be credited and debited, a quick description of the transaction, and the accounts affected. relying upon the organization, it can list affected subsidiaries, tax info, and different information.

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telmack Corporation, a manufacturing Corporation, has provided data concerning its operations for September. The beginning balan

nignag [31]

Answer:

Direct material= $51,000

Explanation:

Giving the following information:

Beginning inventory= $20,000

Ending inventory= $27,000.

Raw materials purchases during the month totaled $63,000.

$3,000 consisted of raw materials classified as indirect materials.

First, we need to calculate the total raw material used in production:

Raw material used= beginning inventory + purchases - ending inventory

Raw material used= 20,000 + 63,000 - 27,000= 54,000

Now, the direct material used:

Direct material= 54,000 - 3,000= $51,000

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2 years ago

What is the role of the entrepreneur in the modern economy?

iris [78.8K]

Answer:

B) TO CREATE JOBS

Explanation:

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3 years ago

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Using the FIFO method, the cost of inventory at the end is $15,500, and the market price is $14,500. Using the lower-of-cost-or-

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Answer:

Inventory Cost = $14,500

Explanation:

Using the lower of cost or market method implies firstly valuing the inventory at the purchased cost (historical cost). But as the value of a good can change and if the price at which the inventory can be sold falls below its net realizable value the loss (and new value) must be recorded. It is a method for adjusting asset values in subsequent reporting periods.

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A gantt chart is built using established precedence relationships. <br> a. True <br> b. False

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I believe that it is true, here's an example of such a chart.

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Airlines that offer lower fares on seats shortly before a flight's departure date to fill empty seats are utilizing---------- wh

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1 year ago