No it does not it is a non-alcohol soft drink
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Answer:
Dieker Company
Journal Entry:
Debit Work in Process $3,410
Debit Manufacturing overhead $650
Credit Raw materials $4,060
To record raw materials used for production.
Explanation:
a) Data and Calculations:
Job 1 $910
Job 2 $1,700
Job 3 $800 $3,410
General factory use $650
Total $4,060
Transaction Analysis:
Work in Process $3,410 Manufacturing overhead $650 Raw materials $4,060
b) While the summary journal entry is made in Work in Process, the detailed entries are made in Job 1, Job 2, and Job 3 cost sheets.
Answer: See explanation
Explanation:
1. Flexible budget
A flexible budget is referred to as a budget that adjusts with the changes in volume.
2. Static budget
This is the budget that's prepared for just one sales volume level.
3. Variance
The difference between an actual amount and the budget is referred to as the variance.
4. Flexible budget variance
Flexible budget variance is the difference between the actual results that are gotten and the results that are gotten through the flexible budget model.
5. Sales volume variance
This is the difference between the actual units that are sold and the expected number of units that are sold, which is then multiplied by budgeted price per unit.
Answer:
Inventory turnover for year 2 is 4.91 times.
Explanation:
Inventory turnover measures liquidity of company`s inventory
Inventory turnover = Cost of goods sold / Ending inventory
= $390,200 / $79,400
= 4.91 times
C hope this helps and bye if it’s wrong blame my mom she told me lol