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likoan [24]
1 year ago
6

Materials purchased on account during the month amounted to $190,000. Materials requisitioned and placed in production totaled $

156,000. The entry to record the transaction for materials requisitioned by the production department is to
Debit______________
Credit_____________
Business
1 answer:
svetoff [14.1K]1 year ago
5 0

The entry to record the transaction for materials requisitioned by the production department is to

Debit WIP $156,000

Credit Materials $156,000

Organization accountants should account for direct and indirect materials one after the other. The magazine entry for direct substances, this is, substances that can be without delay traced to merchandise, is a debit to the paintings in technique and a credit to the raw materials inventory accounts.

To file materials used in manufacturing, a debit for the value of raw substances is made to the WIP inventory account and a credit score is made to the raw substances account. Exertion fees are spilt between direct and indirect labor.

Learn more about transactions here brainly.com/question/1016861

#SPJ4

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Scott wants to accumulate $3,800 over a period of 11 years so that a cash payment can be made for roof maintenance on his summer
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Answer:

$240.76

Explanation:

The formula to determine the annual deposit is :

p = FV / annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

Annuity factor = (1.07^11 - 1) / 0.07 = 15.783599

p = $3800 / 15.783599 = $240.76

3 0
2 years ago
In its first year of operations Acme Corp. had income before tax of $400,000. Acme made income tax payments totaling $150,000 du
sasho [114]

Answer:

$10,000 (Credit balance)

Explanation:

Given that,

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Therefore,

The balance in income  tax payable at the end of the year:

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8 0
3 years ago
Which is needed for a w2 form?
siniylev [52]

Answer:

Form W-2, also known as the Wage and Tax Statement, is the document an employer is required to send to each employee and the Internal Revenue Service (IRS) at the end of the year. A W-2 reports the employee's annual wages and the amount of taxes withheld from their paychecks. A W-2 employee is someone whose employer deducts taxes from their paychecks and submits this information to the government.

Explanation:

8 0
3 years ago
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Degger [83]
<span>Jie should not change her consumption of either broccoli or rice for maximization of her utility , as she consumes three heads of broccoli and six bowls of rice each week. the price of a head of broccoli is $2 and the price of rice is $4 per bowl. jie's marginal utility from the last head of broccoli consumed is 4 utils and her marginal utility from her last bowl of rice is 8 utils</span>
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Answer: in personam jurisdiction

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