Answer:
Dieker Company
<u>Job Cost Sheet of </u>
Job1 Job2 Job3
Materials $970 $ 1520 $ 810
Factory Labor $2390 $ 1730 $1560
General Factory
Indirect material $ 660 $ 660 $ 660
<u>Indirect labor $ 1920 $ 1920 $ 1920</u>
<u>Total $ 5940 $5830 $ 4950</u>
Cost of Job 1
Materials $ 970
Factory Labor $ 2390
G. Factory <u> $ 2580</u>
Total $ 5940
Cost of Job 2
Materials $ 1520
Factory Labor $ 1730
G. Factory <u> $ 2580</u>
Total $ 5830
Cost of Job 3
Materials $ 810
Factory Labor $ 1560
G. Factory <u> $ 2580</u>
Total $ 4950
They both have preset limits
Answer:
A.Land $100,000
Building 400,000
B.Land $100,000
Building 395,292
Explanation:
a. Logan's adjusted basis at acquisition date will be the cost of the land and that of the building which is:
Land $100,000
Building 400,000
b. What will be Logan adjusted basis at the end of 2017 :
Land will be: $100,000
Building will be :395,292
($400,000 − $4,708)
Thus the Depreciation is a capital recovery.
Answer:
The journal entries are shown below:
Explanation:
The journal entries are as follows
Raw materials inventory $90,000
To Cash $90,000
(Being the raw material is purchase for cash is recorded)
Factory overhead $17,000
Raw materials inventory $17,000
(Being the factory supplies is recorded)
Work in process inventory $66,100
Raw materials inventory $66,100
(Being the work in process is recorded)
Only these three entries are to be recorded)
<span>One of your goals you have set for your company is to expand our product line the statement is not clear and it's not measurable. The product line is the concentration of the same products which are categorized from the same brand. </span>
