Answer:
Total period cost= $174,800
Explanation:
<u>The period costs are all the costs not incurred in production. Usually includes administrative, marketing, finance costs, etc.</u>
Periods costs:
Variable selling and administrative expense= $5
Fixed selling and administrative expense $ 136,800
<u>To calculate the total variable cost, we will use the units sold:</u>
Total varaible cost= 5*7,600= 38,000
Fixed selling and administrative expense= 136,800
Total period cost= $174,800
I believe the answer is: A. <span>The Fed only loans money to member banks.
During inflation for example, the federal reserve could issue government owned bonds that can be bought by normal citizens (non member banks)
This allow them to take in a lot of money from market circulation and gradually increase the value of the currency.</span>
Answer:
5,750 units were completed and transferred out of the Engineering department during January
Explanation:
This question requires us to calculate the number of units that were completed and transferred out during th month from engineering department. This can be solve easily with the help of equation given below.
Opening units + unit put in process = closing units + units transferred out
units transferred out = 24,000 + 1,750 -20,000
units transferred out = 5,750 units
Answer:
<u>TRIAL BALANCE:</u>
Debit Credit
Cash 79600
AR 7500
Supplies 400
slaries expense 3100
op- expense 16100
supplies expense 1600
dividends 2000
Account Payable 3000
saalaries expense 3100
Unearned Revenue 5100
Common Stock 60000
Service revenue 39100
110300 110300
Explanation:
We have to record eahc time an accoutn is used and once we got all transactions we determiante the balance
Cash
Debit Credit
60000
8200
28500
15100
2000
<u>96700 17100</u>
<em>79600</em>
AR
Debit Credit
36000
<u> 28500</u>
7500
Supplies
Debit Credit
2000
<u> 1600</u>
400
salaries expense op- expense supplies expense
Debit Credit Debit Credit Debit Credit
3100 16100 1600
Account Payable
Debit Credit
2000
16100
15100
<u>15100 18100 </u>
3000
Salaries Payable
Debit Credit
3100
Unearned Revenue
Debit Credit
8200
<u>3100 </u>
5100
Common Stock
Debit Credit
60000
Service revenue
Debit Credit
36000
<u> 3100 </u>
39100
Then we construct the trial balance which all these account balance.
Sorry but you need to answer this one bud. I would help you if I could but I don't know what makes you, well you. :)
