Answer:
A. Mar 31
Dr Raw materials $50,400
Cr Account pay $50,400
B. 31
Dr Factory labour $61,300
Cr Factory wages $61,300
Explanation:
Preparation of the Journal entries for Sunland Company
A. Since we were told that the company purchases the amount of $50,400 of raw materials on account this means that the transaction will be recorded as:
Mar 31
Dr Raw materials $50,400
Cr Account pay $50,400
B. Based on the information given we were told that the company incurs the amount of $61,300 of factory labor costs this means that the transaction will be recorded as:
31
Dr Factory labour $61,300
Cr Factory wages $61,300
Answer:
The net income will increase by $6,712 if the subcomponent is purchased.
Explanation:
Giving the following information:
Swifty Corporation incurs the following costs to produce 9900 units of a subcomponent:
Direct materials $8316
Direct labor 11187
Variable overhead 12474
Fixed overhead 16200
Total cost= $48,177
An outside supplier has offered to sell Swifty the subcomponent for $2.85 a unit.
Swifty could avoid $3000 of fixed overhead by accepting the offer.
We need to calculate the total cost of buying the subcomponent:
Buy:
Total cost= 9,900*2.85 + (16,200 - 3,000)= $41,415
The net income will increase by $6,712 if the subcomponent is purchased.
Based on the length of time an e-check generally takes, the earliest it might be applied to a vendor's account is on <u>Thursday</u>.
<h3>What day will the payment be applied to the vendor's account?</h3>
When an e-check is written, it has to be verified by the bank first. This process takes about 24 to 48 hours.
After verification, the bank can then send the funds to the vendor's account. This part of the transaction can take between 3 to 5 business days from the day the check was issued.
Considering the earliest time is 3 business days, an e-check written on Monday will reach a vendor's account three days later on a Thursday.
Find out more on online payments at brainly.com/question/1109723.
The income elasticity of demand for pasta is -0.4 based on the data from the question above. The answer to this problem can be solved using the elasticity formula which stated as ED = Q percent change / I percentage change where ED is the elasticity of demand, Q is the quantity of the product, and I is the consumer's income<span>. (Calculation: -4%/10%=-0.4)</span>
