Answer:
factory overheads $14,600 (debit)
indirect materials, $2,250 (credit)
indirect labor, $6,370 (credit)
utilities cost, $2,660 (credit)
factory depreciation, $3,320 (credit)
Explanation:
The factory overheads account is debited with factory overheads actually incurred during the period.
Overheads applied to work in process are credited in the overheads account.
This leaves the balance of over or under-applied overheads on either the debit or credit of this account.
Answer:
The Journal entries are as follows:
(i) On October 1, 2014
Retained Earnings A/c Dr. $7,350,000,000
To Dividend Payable $7,350,000,000
(To record declaration of dividend on outstanding shares)
Workings:
Dividend Payable = Outstanding shares × Dividend per share
= 3 billion × $2.45
= $7.35 billion
(ii) On October 15, 2014
No Entry
(iii) On October 20, 2014
Dividend Payable A/c Dr. $7,350,000,000
To cash $7,350,000,000
(To record payment of dividend)
Answer:
Dermoid Cyst
Explanation:
typically contains a diversity of tissues
The break-even for your food truck business is $37,500.
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
Fixed cost is the cost that does not change with the unit of output. It remains constant regardless of the units of output produced.
Fixed cost of the business = $100,000 + $50,000 = $150,000
Variable cost is cost that varies with the units of output produced. Example are wages and cost of raw materials.
Variable cost of the business = $6.
Break-even = $150,000 / ($10 - $6) = 37,500
A similar question was answered here: brainly.com/question/3254072
Answer:
Journal entries
Explanation:
The journal entries are as follows
(a) Cash A/c Dr $33,000
Accumulated depreciation A/c Dr $36,960
To Factory machine A/c $66,000
To Profit on sale of factory machine A/c $3,960
(Being the sale of machinery is recorded and the remaining balance is credited to the profit on sale of factory machine account)
(b) Cash A/c Dr $19,800
Loss on sale of factory machine A/c $9,240
Accumulated depreciation A/c Dr $36,960
To Factory machine A/c $66,000
(Being the sale of machinery is recorded and the remaining balance is debited to the loss on sale of factory machine account)
