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3 years ago

EB10.

Business

1 answer:

Mrrafil [7]3 years ago

8 0

Answer:

Debit Credit

Work in process inventory $15,000

Manufacturing overhead clearing account $15,000

Explanation:

First determine the amount of applied overhead which can be calculated as follows

Applied overhead=Rate per machine hour*number of hours

Applied overhead=$5*3,000=$15,000

The journal entry for the applied overhead shall be made as follow

Debit Credit

Work in process inventory $15,000

Manufacturing overheads clearing account $15,000

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3 years ago

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klasskru [66]

Answer:

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Explanation:

According to the given data we have the following:

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Therefore, in order to calculate the the investments in accounts receivable, inventory, and plant and equipment based on the turnover ratios we would have to make the following calculations:

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3 years ago

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3 years ago