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horsena [70]
4 years ago
5

During January, its first month of operations, Dieker Company accumulated the following manufacturing costs; raw materials $4,80

0 on accounts, factory labor $7,900 of which $5,400 relates to factory wages payable and $2,500 relates to payroll taxes payable, and utilities payable $2,700.
Prepare separate journal entries for each type of manufacturing cost.
Business
1 answer:
aev [14]4 years ago
6 0

Answer:

J1

Work - In - Process $4,800 (debit)

Raw Materials $4,800 (credit)

J2

Work - In - Process $7,900 (debit)

Salaries and Wages Payable $5,400 (credit)

Payroll taxes payable $2,500 (credit)

J3

Work - In - Process $2,700 (debit)

Utilities Payable $2,700 (credit)

Explanation:

All cost accumulations to be done in the Work - In - Process Account.

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Your broker requires an initial margin of $6,075 per wheat futures contract and a maintenance margin of $4,500 per contract. Whe
enyata [817]

Answer:

No margin call is required

the price per bushel to trigger margin call = 1102 cents per bushel

Explanation:

The computation of given question is shown below:-

The Difference between the rates of futures = Settle Quote of present day - Closing Settlement Price Quote when future was sold

= 808 - 786

= 22

The margin on present day for future = quoted in cents × Difference between the rates of futures

The future is sold for 5000 bushels , this is quoted in cents that is $50

= 22 × 50

= 1,100

Current margin call = Initial margin - Price change

= $6,075 - 1,100

= $4,975

Therefore no margin call is required as the margin balance is exceeds the maintenance margin requirement.

maximum loss per contract before margin call = Initial margin - Maintenance Margin

= $6,075 - $4,500

= $1,575

Maximum price before margin call = 786 + (1,575 ÷ 5,000)

= 786 + 315

= 1101 cents

So, the price per bushel to trigger margin call = 1102 cents per bushel

4 0
4 years ago
If a company doesn't comply with government regulations and is found guilty, it incurs the cost of
g100num [7]
Hey according to me C. Hiring a legal expert is the Answer
3 0
3 years ago
A minor explosion occurs at the chemical processing plant of Clement Inc. In order to study the situation and make recommendatio
Dominik [7]

Answer:

A. Safety engineers

Explanation:

Safety engineers are engineers who combine both health and safety in measures while developing procedures and systems with the aim of safeguarding and protecting people from getting injury and illness in the work place or environment. Their job description involves analyzing reasons for accidents, identifying potential hazards, suggesting procedures that can be taken by personnel in that workplace to protect themselves from harm and also preventing the occurence of accidents by bringing in accident proof systems of operations.

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3 years ago
Robert hitchcock is 40 years old today and he wishes to accumulate $500,000 by his 65th birthday so he can retire to his summer
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The problem wants to find out the cash flow per period that Robert will make from his 40th birthday until his 65th birthday. We know that he wants to get $500,000 by his 65th birthday thus this is the future value of his money. To solve for the cash flow per period, the equation is Future value = Annuity * [((1+i)^n-1)/i]. The n is the number of payments Robert would make which is 25. The answer would be $3749.98. 

3 0
3 years ago
General Staff immediately come together and begin developing strategies. General Staff Chiefs are: Evaluating staffing and super
Lina20 [59]

Select all that apply.

Common Terminology

Management by Objectives

Incident Action Planning

Manageable Span of Control

Unified Command

Accountability

Answer:

Management by Objectives

Incident Action Planning

Manageable Span of Control

Explanation:

Considering the information given in the question, the NIMS Management Characteristics I am supporting are:

1. Management by Objectives

This is because, by Management by Objectives, the General Staff are making strategies according to the previous objectives.

2. Incident Action Planning

This is because, by Incident Action Planning, the General Staff are revising planning documents that will comprise staffing and resource necessities.

3. Manageable Span of Control

This is because, by Manageable Span of Control, General staff chiefs are assessing staffing requirements in the Incident Command Post. This is to make sure each supervisor only has personnel that can be managed.

7 0
3 years ago
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