Answer: $151,250
Explanation:
Equity = Assets - Liabilities
Beginning Liabilities = Assets - Equity
= 163,000 - 122,250
= $40,750
Assets increased by $80,000 = 163,000 + 80,000 = $243,000
Liabilities increased by $51,000 = 40,750 + 51,000 = $91,750
Equity = 243,000 - 91,750
= $151,250
Answer:
Explanation:
The journal entry is shown below:
Work in Process A/c - Assembly department A/c Dr $52,320
Work in Process A/c - Finishing department A/c Dr $41,440
To Manufacturing overhead A/c $93,760
(Being the overhead are allocated to the Assembly and Finishing Departments)
The allocation of the assembly department equals to
= Raw material × percentage of labor cost
= $32,700 × 160%
= $52,320
The allocation of the finishing department equals to
= (Factory labor cost - factory labor) × percentage of labor cost
= ($63,800 - $37,900) × 160%
= $25,900 × 160%
= $41,440
Answer:
Total production for the current period is expected to be 7420 units.
Explanation:
The current production should be enough to meet the required units needed for the desired ending inventory and the units needed to meet the current sales after adjusting for the opening inventory of units that is available. Thu,s the current production requirement will be,
Production = Closing Inventory + Sales - Opening Inventory
Production = 263 + 7500 - 343
Production = 7420 units
Explanation:
it's D because I'm just making this longer so I can post it thank you and good bye
The correct answer to this question is this one: "D. The federal government did not levy any taxes on the TVA." The reason why the electricity generated by the TVA cheaper than that generated by private power companies is because the federal government did not levy any taxes on the TVA.
