Answer:
interest expense for October $ 27.25
Explanation:
900
+ 1,300 x 20/30
<u> + 100 x 15/30 </u>
1,816.67 average balance
Now we multiply this average balance by the interest rate of the credit card:
1,816.67 x 0.18/ 12 = 27.25
Federal student loans are made by the government, with terms and conditions that are set by law, and include many benefits (such as fixed interest rates and income-driven repayment plans) not typically offered with private loans.
Answer:
Decrease (debit) in equity, Cash Dividends Payable (credit, liability account)
Explanation:
The journal entry to record the declaration of the cash dividends involves a decrease (debit) to Retained Earnings (a stockholders' equity account) and an increase (credit) to Cash Dividends Payable (a liability account).
(opentextbc.ca)
Answer: See Explanation
Explanation:
Using the first method goes thus:
Form Processing = 12 minutes
Time taken to complete processing = 4 minutes
Total Time for processing will be:
= 12 + (4 × 13)
= 12 + 52
= 64 minutes
Method 2
Form Processing = 5 minutes
Time taken to complete processing = 4 minutes = 4 minutes
Total Time for processing will be:
= 5 + (4 × 13)
= 5 + 52
= 57 minutes
Hence method 2 is better because it's faster as it used a lesser time to process the compared to method 1.
Solution :
1. Allocation on the basis of 
LX EX
Direct Material 125000 90000
Direct 
cost 90000 60000
Manufacturing overhead 
(202500/5000 x 2000) (202500/5000 x 3000)
Total cost 296000 271500
Units produced 50 30
Cost per unit 5920 9050
2. Allocation on the basis of 
:
LX EX
Direct Material 125000 90000
Direct labor cost 90000 60000
Manufacturing overhead 121500 81000
(202500/150000 x 90000) (202500/150000 x 60000)
Total cost 336500 231000
Units produced 50 30
Cost per unit 6730 7700
3. Allocation on the basis of 
LX EX
Direct Material 125000 90000
Direct labor cost 90000 60000
Manufacturing overhead 112500 90000
(202500/2700 x 1500) (202500/2700 x 1200)
Total cost 327500 240000
Units produced 50 30
Cost per unit 6550 8000
