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suter [353]
3 years ago
13

Issuance of Materials On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, ra

w materials were requisitioned for production as follows: 7,500 units for Job 200 at $8 per unit and 1,480 units for Job 305 at $5 per unit. Journalize the entry on May 7 to record the purchase.
Business
1 answer:
Mashcka [7]3 years ago
3 0

Answer:

Given that,

Units purchased = 10,000

Per unit price = $8

The journal entry is as follows:

On May 7,

Materials A/c             Dr.  $80,000    

To Accounts payable                      $80,000

(To record the purchase)

Workings:

Materials = Units purchased by company × Raw material per unit price

= 10,000 × $8

= $80,000

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Answer:

Kindly check explanation

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Small businesses may be defined based on various criteria ranginging from the size of running capital, number of employees and even customer base. What is obvious is that most small business require very little capital, limited number of employees and small market size. Small businesses offers the following advantages :

Financial liberty which affords it's doers the ability to cater for themselves or buttress on their initial EARNING.

INCREASED RESPONSIBILITY : Business owners take absolute charge of business decisions thereby broadening their scope and offering more independence and greater control.

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3 years ago
Stefan is from Spain and is visiting Denmark. He finds himself very popular among native Danes because they like his casual and
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Answer:

Explanation:

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2 years ago
Discuss what happens to overhead rates that are based on direct labor when automated equipment replaces direct labor. Would manu
denis-greek [22]

Answer:

Manufacturing overhead rates based on direct labor will increase and the total overhead itself will increase as a result of the increased use of equipment instead of direct labor.

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When overhead rates are based on direct labor and automated equipment replaces direct labor, the number of direct labor hours will decrease.  This will cause an increase in the predetermined overhead rates since fewer direct labor hours will now divide the same or even an increased level of overhead.  Even the overhead costs will increase from the replacement of direct labor with equipment.

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Consider an economy made up of 100 people, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. th
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There are different types of unemployment, including institutional, structural, cyclical, and frictional.

Effects of unemployment on society -

Communities with high rates of unemployment are more likely to have few job opportunities, subpar housing, fewer recreational opportunities, restricted access to public services and transportation, and underfunded schools.

Solutions to unemployment crisis in India -

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Answer:

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