Answer:
Journal entries to record the expenses incurred are given below.
Debit Factory Overhead Control Account $ 1300
Credit Utilities bills account $ 700
Credit Accumlated factory depreciation $ 400
Credit property tax payable $ 200
Journal entries to record the allocation of overhead at the predetermined rate of $1.50 per machine hour are given below.
Debit WiP process account $ 525
Credit Factory overhead applied account $ 525
(1.5 * 350 (machine hours))
drafting the blueprints for the hospital
Explanation:
she has a structural engineer degree
Answer:
Price packs
Explanation:
- a type of sales promotion where customers are given a discount off the product's regular price; the discount is typically marked, or "flagged," prominently on the label or package; also known as a "cents-off" deal.
- Price packs are sales promotions that provide consumers with a reduced price that is marked directly on the package by the manufacturer.
- Here two or more products are given together at the price of one or at discounted rates.
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Answer:
Debit Accounts receivable 7,200
Credit Sales 7,200
Debit Cost of Merchandise Sold 3,950
Credit Merchandise Inventory 3,950
Explanation:
When Corbit corps sells merchandise on account it means that cash was not received for the transaction. So we debit accounts receivable (an asset account to indicate increase in amount receivable by us). A credit is now passed to sales to show increased sales.
On merchandise we debit cost of merchandise sold and credit Merchandise inventory (an asset account is credited to indicate reduction) to indicate merchandise has reduced.
