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Wewaii [24]
3 years ago
11

EB13.

Business
1 answer:
Harman [31]3 years ago
5 0

Answer:

Journal entries to record the expenses incurred are given below.

Debit Factory Overhead Control Account      $ 1300

Credit Utilities bills account                              $  700

Credit Accumlated factory depreciation          $  400

Credit property tax payable                              $  200

Journal entries to record the allocation of overhead at the predetermined rate of $1.50 per machine hour are given below.

Debit WiP process account                                 $ 525

Credit Factory overhead applied account          $ 525

(1.5 * 350 (machine hours))

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Answer: <em>Mission statement </em>

Explanation:

Mission statements are referred to as a short statement that tends to elaborate on the topic of why a company exists, and what its aim and overall objective is, also with an inclination towards finding goal of their operations, i.e. what type of commodity or service it tends to provide, its primary market or customer, and also their geographical area of the operation.

4 0
3 years ago
Santayana Company purchased a machine on January 1, 2011, for $20,000 with an estimated salvage value of $5,000 and an estimated
Aliun [14]

Answer:

$1,125

Explanation:

Given that,

Cost of machine = $20,000

Estimated salvage value = $5,000

Estimated useful life = 8 years

Depreciation refers to the reduction in the value of the fixed assets of a particular company with the passage of time.

Here, we are using the straight line method,

Annual depreciation is as follows:

= (Cost of machine - Salvage value) ÷ Estimated useful years

= ($20,000 - $5,000) ÷ 8

= $1,875

Depreciation amount for the year 2011 = $1,875

Depreciation amount for the year 2012 = $1,875

Therefore, the book value of the machine at the beginning of January 1, 2013 is as follows:

= Cost of machine - Depreciation amount for the year 2011 - Depreciation amount for the year 2012

= $20,000 - $1,875 - $1,875

= $16,250

Now, the Santayana decides the machine will last 12 years from the date of purchase and we have already deduct the depreciation for the 2 years. So, we need to consider only 10 years for calculating the new annual depreciation.

Salvage value remains the same.

New annual depreciation:

= (Book value at the beginning of 2013 - Salvage value) ÷ Useful life

= ($16,250 - $5,000) ÷ 10

= $11,250 ÷ 10

= $1,125

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3 years ago
A government budget surplus from reduced government spending​ (no change in net​ taxes) will​ ________ the level of investment i
miss Akunina [59]

Answer:

Increase; Increase

Explanation:

A government budget surplus from reduced government spending​ (no change in net​ taxes) will​ increase the level of investment in the economy and​ increase the level of total saving​ (private plus​ public) in the economy

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3 years ago
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The appropriate response is human microbiomes. The microbiome is characterized as the aggregate genomes of the organisms that live inside and on the human body. We have around 10 fold the number of microbial cells as human cells. 
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Suppose the current market price of corn is $3.75 per bushel. Your firm has a technology that can convert 1 bushel of corn to 3
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Answer:

At 1.783 or more, the conversion yield better gain than sales the corn

Explanation:

The ethanol conversion become attractive if the cost for doing the conversion are lower than the sale revenue for the product.

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