Answer and Explanation:
As we know that
The assets, expenses contains debit balance while the liabilities, revenues and stockholder equity contains credit balance
So based on this, the classifications are as follows
Particulars Type of account Normal balance Debit or credit Reason
a. Land Asset debit debit resources on the owners hand
b. Cash Asset debit debit resources on the owners hand
c. Legal Expense = expense debit debit consumption of cost
d. Accounts Receivable Asset debit debit resources on the owners hand
e. Dividends = Equity debit debit distribution made to owners
g. Notes Payable = Liability credit credit obligation made to creditors
h. Common Stock = Equity credit credit investment done by the owners
Answer:
a) Regular coffee cups required to be sold = 4,690
b) Latte cups required to be sold = 2,010
Explanation:
As per the data given in the question,
For computing Contribution per mix :
Particulars Regular Coffee Latte
Sales price $1.60 $2.80
Less: variable cost $0.90 $1.70
Contribution $0.70 $1.10
Contribution per mix = ($0.70 × 70%) + ($1.10 × 30%)
= $0.82
Breakeven point at sales mix = Fixed cost ÷ Contribution per mix
=$5,494 ÷ $0.82
= 6,700 mixes
Requirement:
Cups of regular coffee for breakeven = Breakeven at sales mix × %of regular coffee sales
=6,700 × 70%
= 4,690 Cups
Cups of latte for breakeven = Breakeven at sales mix × %of latte sales
=6,700 × 30%
=2,010 Cups
Answer:
D. Honor the child's decision.
Explanation:
Local governments address this problem by
b. making it illegal to "disturb the peace."
However, enforcement takes valuable resources from fighting crime. The local gov't should have a fine system. First time warning. Second time fine ($50) Third time increased fine ($100). Fourth time, court.
Answer:
a. Manufacturing overhead allocation rate for each department.
<u>Machining Department</u>
Overhead allocation rate = $2.50
<u>Assembly Department</u>
Overhead allocation rate = $4.00
b. total cost of Job #846 is $6,505
Explanation:
a. Manufacturing overhead allocation rate for each department.
<u>Machining Department</u>
Overhead allocation rate = Overhead / Machine hours
= $250,000/ 100,000
= $2.50
<u>Assembly Department</u>
Overhead allocation rate = Overhead / direct labor-hours
= $360,000/ 90,000
= $4.00
b. total cost of Job #846
Direct material cost :
Machining $2,700
Assembly $1,600
Direct labor cost :
Machining $ 400
Assembly $ 900
Overhead Costs :
Machining ( $2.50 × 170) $ 425
Assembly ( $4.00 × 120) $ 480
Total Cost $6,505
