Answer:
Date Accounts Receivable Debit Credit
XX-XX-XXXX Work in Process $11,330
Wages Payable $11,330
Date Accounts Receivable Debit Credit
XX-XX-XXXX Work in Process $5,665
Manufacturing overhead $5,665
<u>Working</u>
Total labor cost:
= Partner cost + Senior manager cost + Staff accountants
= (5 * 450) + (13 * 160) + (100 * 70)
= $11,330
Overhead is 50% of direct labor cost:
= 11,330 * 50%
= $5,665
Answer:
an economy is capable of sustaining or producing without generating higher inflation.
Explanation:
In simple words, potential economy refers to that level of output or GDP that an economy can produce and sustain over along term with its given level of inflation and resources available.
Potential income has to be maintained over a long term and is based on the assumption that all of the resources available, whether human or natural, will be utilized as according to their maximum utility power.
Answer:
$441,000
Explanation:
The computation of the cost of merchandise sold is shown below:
Cost of merchandise sold = Opening inventory + net purchase - ending inventory
where,
Opening inventory = $14,500
Net purchase is
= $475,000 - $15,000 - $9,000 + $7,000
= $458,000
And, the ending inventory is $31,500
So, the cost of merchandise sold is
= $14,500 + $458,000 - $31,500
= $441,000
I think it’s 3 and 4 as the answer.
