Bench trial is when you pay for the consequences and jury trial is when your speaking of the situation and they would have to choose a consequence
Answer and Explanation:
The Journal entry is shown below:-
Work in progress Dr, $24,000
To Manufacturing Overhead $24,000
(Being the overhead assigned is recorded)
For recording this we debited the work in process as it increased the assets and credited the manufacturing overhead for assigning the overhead
Working note
Overhead amount = (Milling Department + Cutting department) × Overhead rate
= (1,800 + 3,000) × $5
= $4,800 × $5
= $24,000
Answer:
$2.38
Explanation:
Note : I have uploaded the full question below as an image
Step 1
<em>Calculate the Equivalent units of production with respect to conversion costs</em>
Units Completed and Transferred (81,000 x 100%) = 81,000
Plus Units in Ending Work In Process (9,000 x 20%) = 1,800
Total Equivalent Units = 82,800
Step 2
<em>Calculate the Total Conversion Costs during the period</em>
Total Conversion Costs = $197,380 (given)
Step 3
<em>Calculate Cost per Equivalent Unit</em>
Cost per Equivalent Unit = Total Cost ÷ Equivalent Units
= $197,380 ÷ 82,800
= $2.38
Answer:
$4
Explanation:
The computation of the opportunity cost for going to the beach is shown below:
= Hourly wages after considering the taxes - the cost of the beach in gas and toll
= $14 - $10
= $4
We simply deduct the cost of beach in gas and toll from the hourly wages so that the opportunity cost to go to the beach could come