Answer:
J1
Work - In - Process $4,800 (debit)
Raw Materials $4,800 (credit)
J2
Work - In - Process $7,900 (debit)
Salaries and Wages Payable $5,400 (credit)
Payroll taxes payable $2,500 (credit)
J3
Work - In - Process $2,700 (debit)
Utilities Payable $2,700 (credit)
Explanation:
All cost accumulations to be done in the Work - In - Process Account.
Answer:
Dr interest expense $7,000
Dr notes payable $7,238
Cr cash $14,238
Explanation:
The first task is to compute interest expense on the loan in year 1 which is shown below:
interest expense=$100,000*7%
interest expense=$7,000
Principal repayment=repayment-interest repayment
Principal repayment=$14,238-$7,000=$7,238
The double entries are to debit interest expense and notes payable with $7,000 and $7,238 respectively while cash is credited with $14,238 as an outflow of cash.
The answer to this question is that the manufacturer is using outsourcing. Outsourcing is getting or having contact from a different or outside supplier or third party vendor for goods and services. The advantage of outsourcing is that the products is produced with high efficiency and quality.
Answer: The manager should include 7 independent variables in her multiple regression analysis .
Explanation:
Given : The manager wants to forecast annual sales revenues of snekers of different categories.
The given categories are :-
Sports , color , gender.
Also when we have a categorical variable that assumes n different divisions then the number of dummy explanatory variable for multiple regression will be n-1.
Number of types of sports = 3
⇒ Number of dummy variables for types of sports = 3-1 =2
Number of types of color = 5
⇒ Number of dummy variables for types of color = 5-1 =4
Number of types of gender = 2
⇒ Number of dummy variables for gender = 2-1 =1
Now, the total number of independent variables = 
Hence, the manager should include 7 independent variables in her multiple regression analysis .