Explanation:
The journal entry to close the books is
Cost of Goods sold A/c Dr $1,200
To Manufacturing Overhead A/c $1,200
(Being the under-applied overhead is recorded)
Since the jobs were undercosted, that means the overhead is applied under overhead so we debited the cost of goods sold account and credited the manufacturing overhead account. Both the items are recorded for $1,200
(310-130=180)
debit cash $180; credit Accounts Payable, $180
Hope this helped :) !
The next step is to decide about the resources to be committed.
<span>Political Socialization The induction of individuals into the political culture; learning the underlying beliefs and values on which the political system is based. gener gap A distinctive pattern of voting behavior reflecting the differences in views between women and men.Democracy the opportunity to take part in the nation's governmental and policy making processes and to have some say in determining how he or she is governed, including the right to vote in elections.</span>
Answer:
Break-even point in units= 450,000 units
Explanation:
Giving the following information:
Desired profit= $250,000
Sales price is $9
Unitary variable cost= $8
Total fixed costs are $200000
To determine the number of units required, we need to use the break-even point formula, including the desired profit.
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (200,000 + 250,000) / ( 9 - 8)
Break-even point in units= 450,000 units
