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3 years ago

PB13.

Business

1 answer:

irga5000 [103]3 years ago

4 0

Answer:

Journal entry for each transaction is given below.

Materials were purchased on account for $5,429.

Debit Material Account $5,429

Credit Payable $5,429

Materials were requisitioned to begin work on Job C15 in the amount of $2,500.

Debit WIP JOB C15 Account $2,500

Credit Material Account $2,500

Direct labor expense for Job C15 was $4,250.

Debit WIP JOB C15 Account $4,250

Credit Payroll Account $4,250

Actual overhead was incurred on account for $5,385.

Debit Factory Overhead Control Account $5,385

Credit Expense payable/cash $5,385

Factory overhead was charged to Job C15 at the rate of 200% direct labor.

Debit WIP JOB C15 Account $8,500

Credit Applied Factory overhead Account $8,500

Job C15 was transferred to finished goods at $15,250.

Debit Finished Good Account $15,250

Credit WIP JOB C15 Account $15,250

Job C15 was sold on account for $28,000

(2 entries will be passed at this stage)

Debit Cost of Good Sold $15,250

Credit Finished Good Account $15,250

Debit Receivable/Cash Account $28,000

Credit Sales $28,000

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Alpha Technology produces two products: a high-end laptop under the label Excellent Laptops and an inexpensive desktop under the

s2008m [1.1K]

Answer:

Alpha Technology

Outstanding Computer's consumption ratio for setup hours is:

b. 0.48

Explanation:

a) Data and Calculations:

Overhead activities and costs:

Setting up equipment $3,000

Machining $15,000

Excellent Outstanding

Laptops Computers

Direct Labor $25,000 $10,000

Direct Materials $20,000 $5,000

Expected Production in Units 3,000 3,000

Machine Hours 850 2,000

Setup Hours 80 75

Total setup hours = 155 hours

Outstanding Computer's consumption ratio for setup hours = 75/155 * 100

= 48%

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3 years ago

Dyed-Denim Corporation is seeking to lower the costs of value creation and achieve a low-cost position. As a result, it plans to

Pavlova-9 [17]

Answer:

The correct answer is location economies

Explanation:

Location economies refers to a situation where goods are produced under the optimal economic conditions.

In determining this location,companies usually consider cultural,economic and legal perspectives,in that they are able to locate their manufacturing outfits where the combination of these factors is most favorable.

The ease of transporting output and trade barriers are also examined such that the goods produced can be transported to consuming nations all around the world without logistics headache or trade sanctions.

8 0

3 years ago

How many of Amway distributors make money

satela [25.4K]

1.5 million distributors

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3 years ago

"Stock R has a beta of 1.5, Stock S has a beta of 0.75, the required return on an average stock is 10%, and the risk-free rate o

Kaylis [27]

Answer:

4.5%

Explanation:

Stock R (Beta) = 1.5

Stock S (Beta) = 0.75

Expected rate of return on an average stock (Rm)= 10%

Risk free rate (Rf) = 4%

Required Return (Re) = Rf +(Rm-Rf) B

Required Return = 0.04 + (0.10-0.04) B

Required Return = 0.04 + 0.06B

Stock R = 0.04 + (0.06 * 1.50)

Stock R = 0.04 + 0.09

Stock R = 0.13

Stock R = 13%

Stock S = 0.04 + (0.06 * 0.75)

Stock S = 0.04 + 0.045

Stock S = 0.085

Stock S = 8.5%

Here, the more risky stock is R and less risky stock is S. Since, R has more beta than the Stock S.

= 13% - 8.5%

= 4.5%

7 0

2 years ago

Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature in 30 years. Compu

nasty-shy [4]

Answer:

if YTM at 4% price : $2,902.1237

if YTM at 8% price : $1,788.0448

The bonds are above face value asthey offer a higher coupon payment than the market yield therefore the bond holders are willing to pay above theri face value

Explanation:

the market price of the bond will be the present value of coupo payment and maturity:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 150.000

time 30

rate 0.04

$150 \times \frac{1-(1+0.04)^{-30} }{0.04} = PV\\$

PV $2,593.8050

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 30.00

rate 0.04

$\frac{1000}{(1 + 0.04)^{30} } = PV$

PV 308.32

PV c $2,593.8050

PV m $308.3187

Total $2,902.1237

No we repeat the process with the yield at 8%

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 150.000

time 30

rate 0.08

$150 \times \frac{1-(1+0.08)^{-30} }{0.08} = PV\\$

PV $1,688.6675

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 30.00

rate 0.08

$\frac{1000}{(1 + 0.08)^{30} } = PV$

PV 99.38

PV c $1,688.6675

PV m $99.3773

Total $1,788.0448

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3 years ago