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Alexus [3.1K]
3 years ago
14

The journal entry to record the transfer of completed units to finished goods would be to__(debit/credit) finished goods and__(d

ebit/credit) work in process
Business
1 answer:
wariber [46]3 years ago
6 0

Answer:

Debit ; credit

Explanation:

In order to record the journal entry for the transfer of completed units to finished goods is shown below:

Finished goods Dr XXXXX

      To Work in process XXXXX

(Being the transfer of completed units is recorded)

Since the transfer of units completed is go to finished goods so this account is debited and the work in process account is credited

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Does the firm need to alter its choices of C and L to decrease​ cost? A. ​Yes, they need to increase Upper Lincrease L which wou
kherson [118]

Answer:

Yes, they need to increase Upper L which would cause MP Subscript Upper L to decrease and MP Subscript Upper C to increase.

Explanation:

In the specific problem outlined above, the company wants to maximize its revenue and ensure that the production cost is as low as possible for the given quantity of land, cement and the available labor. In order to ensure that this is possible, the company must try to increase the upper L so that there would be an increase in MP (subscript upper C) and a decrease in MP (subscript upper L).

4 0
3 years ago
Weston drives a car that was a birthday gift from his father almost a decade ago. In spite of the age of the car, Weston enjoys
Basile [38]

In this scenario, there is a high degree of social risk for Weston.

<h3><u>Explanation:</u></h3>

That act that has impacts on the people surrounding a person refers to social risk. The adverse effects that are caused as a result of actions of a particular person refer to social risk. Some of the examples of social risks include issues associated with labours, corruptions, etc. Most important things that are the result of social risk is the health related hazards.

Social risk also associates with the way the people treats the other based on certain criteria’s. In the given example Weston is driving a car that was presented as a gift by his father a long time ago. But as a partner of a law firm he thinks that others will disrespect him because of the car he drives. In this scenario, Weston has high degree of social risk.

8 0
3 years ago
What are the benefits of naming a secondary beneficiary in a will? Check all that apply. It could prevent a will from going into
Gnom [1K]

Answer:

• It could prevent a will from going into probate

•It avoids confusion if the primary beneficiary on dies first

•It allows for another option if the primary beneficiary cannot inherit it

Explanation:

A Secondary beneficiary otherwise known as contingent beneficiary is a person or an entity who has been named in a Will, insurance policy or trust to inherit assets therein should the main or primary beneficiary dies before the grantor.

Secondary beneficiary is important because should the primary beneficiary dies first, he is entitled to the benefits therein inorder to avoid confusion as to who should inherit the deceased's assets. It is also important because it provides other option where the primary beneficiary is not able to inherit the will i.e not found at the time of grantor's death or disclaim inheritance in the will, the secondary beneficiary inherits same and also prevent the will from going into probate i.e allowing it to pass through the court process which is oftentimes time consuming .

7 0
3 years ago
Sarasota company manufactures pillows in the cutting and assembly process. pillows are manufactured in 40-pillow batch sizes. th
Viefleur [7K]

Answer: c. 12 minutes

Value added time is the amount of time it takes to actually produce and improve a product. In the case of Sarasota company who manufactures pillows, value added time is the production time which is 4 minutes in cutting and 8 minutes in the assembly, total of 12 minutes.

8 0
3 years ago
Prepaid Insurance $ 3,600 Supplies 3,500 Equipment 18,750 Accumulated Depreciation—Equipment $ 8,400 Notes Payable 21,000 Unearn
SOVA2 [1]

Answer:

1. Depreciation expense 3600

          Accumulated depreciation 3600

2.Unearned rent  330666

                 Rental income 330666

3. Interest expense     2100

               Interest payable               2100

4.Cost of goods manufactured 2640

           Supplies                                2640

5. Insurance expense 2400

              Prepaid insurance  2400

Explanation:

depreciation for the year = 300*12=3600

2. Earned rent was 62000/3*4=330666

3.Interest expense for the year = 525*4=2100

4.opening supplies were 3500 and ending were 860 so (3500-860)=2640 were consumed and 860 will be reported to balance sheet.

5. Opening prepaid insurance was =$3600

Insurance was expense out at the rate of $200 per month = 200*12=$2400

$1200 shall be reported to balance sheet.

8 0
3 years ago
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