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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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BigorU [14]

Answer: $298,800

Explanation:

Cost of goods purchased = Gross merchandise cost + Transportation-in (Carriage inwards) - Purchase discount - Purchase returns

= 304,000 + 6,700 - 3,500 - 8,400

= $298,800‬

8 0
3 years ago
A production process has six subsequent stages, each with their own specific resources and performing crucial tasks. Four of the
Anestetic [448]

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Explanation:

From the information given in the question, the best conclusion is that both stages with a capacity of 10 units per hour can be considered the bottlenecks.

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What are tax credits?
stepladder [879]

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Explanation:

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Leigh Corp. disposed of its Knit Products Division in June of 2020 at a loss of $19,000 before tax. Prior to the sale, the Knit
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Answer:

                                 Leigh Corp.

   Income Statement for the year ended MM DD, YY

Income from continuing operations before tax $450,000

Less: Tax 25% (450,000 x 25%)                         <u>$180,000</u>

Income from continuing operations after tax     $270,000

Loss from discontinuing operation                     ($19,000)

Loss from sale of discontinuing operation         <u>($202,500)</u>

Total Comprehensive Income                              <u>$48,500</u>

5 0
3 years ago
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