How long does it take for dachshunds to be full grown?

On August 1, Gilgen Brothers bought goods with a list price of $19,200, terms 2/10, n/30. The firm records purchases at invoice

N76 [4]

Answer:

Accounts payable Dr, $16,800

Purchase discount Dr, $336

To Cash $16,464

Explanation:

The Journal entry is shown below:-

Accounts payable Dr, $16,800

Purchase discount Dr, $336

To Cash $16,464

(Being Cash is recorded)

Working Note :-

List price of goods after return = $19,200 - 2400

= $16,800

Discount on balance = 16800 × 0.02

= $336

For recording the cash we simply debited accounts payable, purchase discount and credited the cash

5 0

4 years ago

A small company that manufactures special-order wood furniture has kept its employees busy on a 40-hour-a-week schedule for the

Novosadov [1.4K]

Answer:

D.

Explanation:

Due to the fact that the contract would only last 6 months and there's no expected repeat business from the Saudis or any one, the best course of action to take in order to avoid expected labour shortage is to use .

Overtime can be defined as a situation where the hours worked by an employee execeed normally scheduled working hours. In order to meet the 6 months and not cause labour shortage, the company can decide to use it's current workers for overtime and pay them for the overtime.

5 0

3 years ago

Dermody Snow Removal's cost formula for its vehicle operating cost is $3,000 per month plus $330 per snow-day. For the month of

katovenus [111]

Answer:

390 F

Explanation:

Spending variance is defined as the difference between the actual expenses and planned expenses. It is favorable when the actual expenses is less than planned and vice versa.

Operating cost $3000

Maintenance per snow day - $330

Budgeted snow day - 24

Actual snow day - 26

Actual operating cost - $11,190

Variance

((330*26)+3000 =11580

Actual operating cost = 11,190

Variance = 11580-11190= 390 F

6 0

4 years ago

Read 2 more answers

Bibby Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Bibby

Drupady [299]

Answer:

Answer:

1.) Overhead Absorption rate= $30 per hour

2) Absorbed overhead= $70,500

Over-absorbed overhead=$4700

3) Journal entry:

Debit Manufacturing overhead expense $4,700

Credit Cost of goods sold $4,700

Explanation:

Overhead Absorption rate = Budgeted overhead /Budgeted labour hours

= 72,000 /2,400 hours = $30 per hour

Absorbed overhead = OAR × Actual labour hours

=$30 × 2350 = $70,500

Over-absorbed overhead = Absorbed overhead - Actual overhead

= $70,500 - $65,800 = $4700

Journal entry:

Debit Manufacturing overhead expense $4,700

Credit Cost of goods sold $4,700

Answer:

Overhead Absorption rate= $30 per hour

Absorbed overhead= $70,500

Over-absorbed overhead=$4700

Journal entry:

Debit Manufacturing overhead expense $4,700

Credit Cost of goods sold $4,700

3 0

4 years ago

Most labor economists believe that the supply of labor is a. less elastic than the demand, and, therefore, firms bear most of th

goldfiish [28.3K]

Answer:

d

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

The supply of labour usually exceeds the demand for labour. So, the supply of labour is less elastic. as a result workers bear the burden of tax

5 0

3 years ago