Amount of bad debts adjusting entry = 0.7% * 945,000 = 0.7/100 * 9450,000 = $6,615
The amount of the bad debts expense adjusting entry = $6,615
Final offer arbitration is often regarded as a public process only meant for disputes that are monetary in nature.
The true statements about final offer arbitration are:
- It reduces the chilling effect of conventional arbitration.
- It requires the arbitrator to select between the union's or the employer's final offer
Final offer arbitration as a public process when applied to individual is used when an individual and the other party want to a dispute are are unable to resolve the matter through mediation.
In final-offer arbitration, the two parties that are involved in the dispute often submit final offers to an arbitrator.
The arbitrator then chooses the binding solution that matches the one that is closest to his own view of the right outcome
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Answer:
Waterway Industries's total manufacturing costs incurred in 2020 amounted to $2,140,000
Explanation:
The computation of the total manufacturing cost is shown below:
= Raw material + Direct labor cost + Manufactured overhead cost
= $830,000 + $670,000 + $640,000
= $2,140,000
Thus, the total manufacturing cost is comprised of direct raw material, direct labor cost, and the manufacturing overhead cost. That's why we add these three costs.
A. For Tivoli
x is meatballs
y is spaghetti
x ≤ 30
y ≤ 50
x + y = 80
For Frivoli
x is meatballs
y is spaghetti
x ≤ 40
y ≤ 30
x + y = 70
b. The advantage for spaghetti is Tivoli and for meatballs is Frivoli.
c. For Frivoli
x is meatballs
y is spaghetti
x ≤ 80
y ≤ 30
x + y = 110
d. After the innovation, Tivoli has advantageous in spaghetti and Frivoli in Meatballs.
Answer and Explanation:
The journal entry to record the manufacturing overhead cost incurred is shown below:
Manufacturing overhead Dr $427,500
To Accumulated depreciation - Plant & Equipment $400,000
To Property tax payable $19,500
To Wages payable $8,000
(Being the manufacturing cost incurred is recorded)
