Explanation:
<h3>Modern technology would be things that we have today such as smart phones, tablets, gaming systems and computers. Traditional/Local technology would be things such as handicrafts that were made before things such as computers and new technology are inverted.</h3>
It is to be noted that the demand for sandwiches and ice cream cones consumed after the price of ice cream cones rises to $2 a piece will both reduce (all things being equal).
<h3>Why would the demand for both items reduce?</h3>
The demand for both goods will both come down because they are complementary or joint demand goods.
A pair of goods are termed "joint demand" when both must or usually is consumed with the other.
Recall that (where all things are equal) demand will decrease as price increases.
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Answer:
c.credit to Wages Payable for $6,300.
Explanation:
The journal entry to record the wages expense is shown below;
Wages expense dr ($10,500 × 3 ÷ 5) $6,300
To Wages payable $6,300
(being the wages expense is recorded)
Here the wages expense is debited as it increased the expense and credited the wages payable as it increased the liabilities
First of all, the predetermined overhead will be calculated.
Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor hour
Predetermined overhead rate = $ 258,000 ÷ 15,000 hours = $ 17.20 per direct labor hour
Actual manufacturing overheads = $ 253,000
Applied manufacturing overheads = Predetermined overhead rate × Actual direct labor hours
Applied manufacturing overheads = $ 17.20 × 13,100 = 225,320
Applied manufacturing overheads are less than actual manufacturing overheads, thus overheads are under applied.
Actual manufacturing overheads - Applied manufacturing overheads = $ 27,680 under applied
