Answer: See explanation
Explanation:
Debit: Wages and Salaries Expense = $17,273
Credit: Employee Income tax payable = $2,268
Credit: Social Security tax payable = $827
Credit: Medicare tax payable = $194
Credit: Pension plan deduction payable = $711
Credit: Health Insurance premium payable = $807
Credit: Cash (Balancing Figure) = $12,466
Note that wages and salaries expense was calculated as:
= Regular earnings + Overtime earnings
= $16,370 + $903
= $17,273
Answer:
return = 100%
Explanation:
given data
portfolio valued = $10,000
time = 12 months
loses = 50%
solution
we get here loss value for next 12 month is
= $10,000 × 50% .....................1
= $10,000 × 0.50
= $5000
and
return will be here as
return = × 100 .......................2
return = 1 × 100
return = 100%
Answer:
the costs to be assigned to the units transferred out and the units in ending work in process is $562,800 and $49,760 respectively
Explanation:
The computation is shown below:
Cost assign to units transferred out is
= 40,200 units × $4 + 40,200 units × $10
= $160,800 + $402,000
= $562,800
And, the Cost assign to work in progress is
= 6,220 units × $4 + (6,220 units × 0.40) × $10
= $24,880 + $24,880
= $49,760
Hence, the costs to be assigned to the units transferred out and the units in ending work in process is $562,800 and $49,760 respectively
Answer:
If the FIFO method is used, the equivalent units of production during the month equal:_________122,000
Explanation:
<u>FIFO Equivalent Units </u>
Particulars Units % Of Completion Equivalent Units
Materials Conversion Materials Conversion
Beginning Inventory 10,000 60 60 6000 6000
+Units Transferred 120,000 100 100 120,000 120,000
Less
<u>Ending Inventory 20,000 20 20 4000 4000</u>
<u>FIFO Equiv. Units 122,000 122,000</u>
<u />
<em>FIFO method uses the beginning units and deducts the ending units. For this we add the beginning units and deduct the Ending units to get the First In First Out units. AS the name suggests it only deals with the beginning units First purchased or produced and leaves the ending units Last produced.</em>
<span>more
increasing
i am not super sure</span>