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enot [183]
3 years ago
13

Libby Company manufactures a single product by a continuous process, involving the production departments. The records indicate

that direct materials, direct labor, and applied factory overhead for Department 1 were $160,000, $125,000, and $150,000, respectively. The journal entry to record applied factory overhead is
Business
1 answer:
svlad2 [7]3 years ago
7 0

Answer:

Work In Process Account $150,000 (debit)

Overheads $150,000 (credit)

Explanation:

Overheads are included in Work In Process Account at their Applied Amounts .Thus a <em>Debit</em> in Work In Process Account and a <em>Credit</em> in Overheads Account is required for this entry.

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Swifty Company uses the units-of-activity method in computing depreciation. A new plant asset is purchased for $41000 that will
cluponka [151]

Answer:

depreciation rate per unit $0.34

Explanation:

To calculate the depreciation cost per unit we divide the amount subject to depreciation by the estimated untis production over its useful life:

depreciable amount:

$41,000 - $3,600 = $ 37,400

depreciation rate:

$37,400 / 110,000 units = $0.34

8 0
2 years ago
Tony’s Market recorded the following events involving a recent purchase of inventory: Received goods for $80,000, terms 2/10, n/
kap26 [50]

Answer:

Correct option is D

Answer is increased by $ 77232

Explanation:

Effect on Inventory:    

Increase due to purchase $80000  

Decrease due to return   -$1600  

Increase for freight paid  $400  

Decrease for discouont availed -$1568 (78400*2%)

<u>Net Increase in Inventor =$77,232</u>

4 0
3 years ago
What is one way investment consultants protect their clients’ money during periodic performance reviews?
mixas84 [53]

Answer:

Investment consultants check that the portfolio manager's performance was based on skill investing in the agreed-upon stocks or sectors

Explanation:

because it is

6 0
3 years ago
Linda and her mom want to start a company selling homemade brownies to large supermarket chains. To get started, they have creat
kirill [66]

Answer:

server

Explanation:

According to my research on information technology and business structures, I can say that based on the information provided within the question in this situation they do not need a server for their business. A server is a separate computer hardware that manages a database and allows easy access to the data. Most business need one especially when running a website but since Linda and her mom are working from their basement and are okay with their computers then they will not need a server.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
The following extract was taken from the worksheet of Special Events Bakers for the year 2019.
malfutka [58]

Answer:

The amount of Depreciation Expense for the equipment used in the business is $1,700

Explanation:

In order to calculate the amount of Depreciation Expense for the equipment used in the business we would have to make the following calculation:

amount of Depreciation Expense for the equipment used in the business= Adjusted Trial Balance-Unadjusted Trial Balance

amount of Depreciation Expense for the equipment used in the business= $ 9,400-$7,700

amount of Depreciation Expense for the equipment used in the business= $1,700

The amount of Depreciation Expense for the equipment used in the business is $1,700

7 0
2 years ago
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