1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxMikexx [17]
3 years ago
6

During January, its first month of operations, Knox Company accumulated the following manufacturing costs: raw materials $5, 310

on account, factory labor $7, 010 of which $5, 673 relates to factory wages payable and $1, 337 relates to payroll taxes payable, and utilities payable $2, 130. During January, time tickets show that the factory labor of $7, 010 was used as follows: Job 1 $2, 314, Job 2 $1, 733, Job 3 $1, 529, and general factory use $1, 434. Prepare a summary journal entry to record factory labor used. In January, Knox Company requisitions raw materials for production as follows: Job 1 $926, Job 2 $1, 730, Job 3 $777, and general factory use $701.

Business
1 answer:
mariarad [96]3 years ago
7 0

Answer:

See the attached picture for detailed answer.

Explanation:

See the attached picture for explanation.

You might be interested in
Llywelyn, Inc. reports the following information for​ July: Sales Revenue $ 1 comma 000 comma 000 Variable Costs 200 comma 000 O
trapecia [35]

Answer:

A. $ 420,000

Explanation:

We have to find the missing information

Sales revenues            1,000,000

variable cost              <u>    (200,000)</u>

Contribution Margin       800,000

Fixed Cost                <u>            X         </u>

Operating Income          380,000

Contribution margin - operating income = fixed cost

$800,000 - $380,000 = fixed cost

fixed cost =   $420,000

6 0
3 years ago
The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $2,584 and current liabilities of $1,
Igoryamba

Answer: ($203)

Explanation:

The company’s 2010 change in net working capital will be calculated thus:

Net working capital = current assets - current liabilities

For 2009, net working capital will be:

= $2,584 - $1,191

= $1393.

For 2010, net working capital will be:

= $2,644 - $1,048

= $1596

Change in net working capital will be:

= $1393 - $1596

= ($203)

6 0
3 years ago
Question 17 of 20
Hoochie [10]

Answer: A microcomputer is a small computer that contains a microprocessor as its central processor.

Explanation:

6 0
3 years ago
Read 2 more answers
The purpose of a budget is to track your income and your spending. true or false?
skad [1K]
False we use it to save money
3 0
3 years ago
Read 2 more answers
Car dealer ben carte paid 97 percent of the base price of 22,567. he also paid 93 percent of options totaling 3,465. and a desti
lakkis [162]

Answer: im also working on my school work and i also need help i tried to work on that question im confused but i know that 22,567-97% is 677.01

3 0
3 years ago
Other questions:
  • Overall levels of income, employment, and prices are determined by the spending and production decisions of all of the following
    11·1 answer
  • Your german friend has decided to come and visit you in the u.s. you estimate the cost of her trip at $2,200. what is the cost t
    14·1 answer
  • Ted was just promoted to a managerial position and feels that he needs to buy a new luxury car and join the country club in orde
    8·1 answer
  • Hype Mobile Phones wants to learn how consumers decide which mobile phones to purchase, so it places researchers in mobile phone
    14·1 answer
  • Kevin Pinker is a freelance computer programmer who writes computer algorithms for companies such as SoftStar and BlueHill. Soft
    11·1 answer
  • The last dividend on Spirex Corporation's common stock was $4.00, and the expected growth rate is 10 percent. If you require a r
    11·1 answer
  • Which of the following pairs are characteristics of price-takers?
    15·1 answer
  • Revenues normally carry a _______ balance and are shown in the ______________. Credit; Balance sheet Debit; Balance sheet Credit
    9·1 answer
  • Which of the following is the best example of a pure service?
    7·1 answer
  • Mauro Products distributes a single product, a woven basket whose selling price is $28 per unit and whose variable expense is $2
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!