All categories

3 years ago

Larned Corporation recorded the following transactions for the just completed month.

Business

1 answer:

aksik [14]3 years ago

3 0

Answer:Please see answers in explanation column

Explanation:

Journal entries for Larned Corporation transactions for the just completed month.

a)To record purchase raw material

Account titles Debit Credit

Raw materials inventory $80,000

Accounts payable $80,000

b To record raw material used

Work in process inventory $62,000

Manufacturing overhead $9,000

Raw materials inventory $71,000

C) To record labor paid

Work in process inventory $101,000

Manufacturing overhead $11,000

Cash $112,000

d To record manufacturing overhead

Manufacturing overhead $175,000

Accumulated depreciation-Equipment $175,000

You might be interested in

The HR manager of SuperGlam, an online discount fashion retailer, wanted to redesign the workflow in customer service, order ful

GrogVix [38]

Answer:

Job analysis skills.

Explanation:

Job analysis is a the ability to identify the detail of a job as well as determine the requirement needed to get such job. It also involves helps to show the importance of certain duties to a job.

Simply put, Job analysis can be defined as the way and manner by which a job's duties and requirements are set for employees.

In the above question, it can be seen that the HR of Superglam is trying to determine duties and employee requirement to enable efficiency of employees in their job posts.

Cheers.

8 0

3 years ago

Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 a

iren2701 [21]

Answer:

In the question, we are not given information with respect to sales costs, so we can only find total gross sales:

Sales Budget fist 2 quarters of the year

Product Sales Price Sales Q1 Sales Q2 Total gross sales

XQ-103 $14 22,590 27,710 $704,200

XQ-104 $27 14,880 16,200 $839,160

$1,53,360

4 0

2 years ago

How does a bond sale by the fed affect the money supply?

kumpel [21]

A bond sale is a debt investment that is given by an investor to a particular corporate or governmental entity and is payable over a period of time at a variable or a fixed interest rate. It can affect the money supply, or the money of the country, because it encourages debtors to keep loaning from the government to finance their personal interests.

4 0

2 years ago

Read 2 more answers

Foreign businesses in India appear to receive unusually close scrutiny and must meet special regulations, aimed at protecting lo

svlad2 [7]

Answer: .A) nontariff trade barrier

Explanation:

A Non-Tariff trade barrier as the term implies, refers to measures apart from the imposition of tariffs meant to protect local businesses in a country by restricting the trade of international products in that same country.

Such measures include but are not limited to,

• Quotas,

• Levies,

• Embargos, and

• Sanctions etc

6 0

3 years ago

The Ayayai Corp. purchased $7990 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inven

sesenic [268]

Explanation:

The adjusted journal entry is shown below:

Corp Laundry supplies Expense A/c Dr $6,580

To Corp Laundry supplies A/c $6,580

(Being the corp supplies expense is recorded)

It is computed below:

= Purchased value of laundry supplies - still on hand

= $7,990 - $1,410

= $6,580

The answer is correct but The options that are given are incorrect.

8 0

3 years ago