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miss Akunina [59]
3 years ago
9

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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Crane Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $23,000 a
Lina20 [59]

Answer:

1. Crane Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $23,000 and sales taxes $1,150.

                                      Dr.                 Cr.

Cash                           $24,150

Sales                                                $23,000

Sales tax Payable                           $1,150

<u>                                                                                                                             </u>

2. Sunland Company does not segregate sales and sales taxes. Its register total for April 15 is $14,840, which includes a 6% sales tax.

                                      Dr.                 Cr.

Cash                           $14,840

Sales                                                $14,000

Sales tax Payable                           $840

Working:

Sales Tax = ( $14,840 / 106 ) x 6 = $840

Sales = $14,840 - $840 = $14,000

7 0
3 years ago
Read the section "The Effect of Price on Number of Suppliers." What support does the reading give for the idea that the music in
uranmaximum [27]

The effect of the demand and supply chain can be seen in the highly volatile nature of the music industry.

Explanation:

The principles are highly accurate for many industries that are given in the article  "The Effect of Price on Number of Suppliers."

This is effectively about the demand and supply chain and one can see how this applies to the people in the music industry who have to deal with these overhauls.

The industry is largely volatile and there are trends that come and go in a couple of years and with them go away whole labels and and artist.

The people who survive are the ones that adapt and do not go all in on one trend or another.

This one can even see in other business practices.

5 0
3 years ago
Baldwin has a new design for their product Bill next round that can reduce their material cost of producing units from $8.14 to
zalisa [80]

Answer:

Hie, the information you have provided is incomplete.

However important information is explained as follows :

To calculate Break - even Point use the formula;

Break even Point (units) = Total Budgeted Fixed Costs / Contribution per unit

<em>Break even Point</em> is the level of operation at which a firm neither makes a profit nor a loss.

Contribution is Calculated as :

Sales : No information                                xxxx

Less Variable Costs ( Materials + Labor) $11,49

Contribution per unit                                   xxxx

8 0
3 years ago
Mister Plow has contracted to perform snow removal services for the city of Springfield. Record snowfall has more than doubled t
Marina86 [1]

Answer:

B. a fixed-price contract.

Explanation:

"A fixed price contract places minimum administrative burden on the contracting parties, but subjects the contractor to the maximum risk arising from full responsibility for all cost escalations. Also called firm price contract."

Mr. Plow couldn't come back to Springfield because he took full responsability for all cost escalations.

Reference: WebFinance Inc. “What Is Fixed Price Contract? Definition and Meaning.” BusinessDictionary.com, 2019

3 0
3 years ago
When might be the best time to start saving for retirement?
Delvig [45]
It would be d bc it not everyone does all of the things they are saying
7 0
3 years ago
Read 2 more answers
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