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
Helen [10]
2 years ago
10

A company’s Factory Overhead T-account shows total debits of $624,000 and total credits of $646,000 at the end of the year.

Business
1 answer:
trapecia [35]2 years ago
8 0

Answer:

The journal entry is

Dr Cost of sales ---------------$22,000

Cr Factory overhead---------$22,000.

Explanation:

At the end of the year:

Total debits equal $624,000

Total credits equal $646,000.

The difference is $646,000 - $624,000 = $22,000

This $22,000 will be the balance at the beginning of the following year.

So the journal entry to close the balance in the Factory overhead account to cost of goods sold is:

Dr Cost of sales ---------------$22,000

Cr Factory overhead---------$22,000.

This means the overhead is under-applied(actual overhead is greater than the budgeted cost)

You might be interested in
Factors affecting communication in a an organization
iVinArrow [24]

FACTORS AFFECTING COMMUNICATION

Status / Role.

Cultural differences .

Choice of communication channel .

Length of communication .

Use of language .

Individual Perceptions / Attitudes / Personal

3 0
2 years ago
Explain the technique of making bamboo based handicrafts with an example.​
Gala2k [10]

Answer:

Bamboo can be processed into thin strips or sheet materials for bamboo plaiting , commonly known as bamboo strips. The processing procedures of bamboo strips include selecting materials , sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering.

Explanation:

Example: •Bamboo furniture

•Bamboo toys

•Bamboo wind chimes

•Bamboo lamps and lanterns

•Bamboo placements and coasters

6 0
3 years ago
The organization structure that organizations most commonly adopt to solve control problems that result from producing many diff
lukranit [14]

Answer:

d. product structure.

Explanation:

Product structure is designed for larger companies. In this flowchart, different products are separated into mini-companies while the management remain unique.

6 0
3 years ago
Discuss three factors a company must consider when attempting to find an endorser for their products
Arte-miy333 [17]

Answer:- three factors a company must consider when attempting to find an endorser for their products is the endorsers reputation, popularity, health, and minimal injury history.

Explanation:

Hope I helped you

6 0
2 years ago
Ms. Pike, who lives in California, traveled to Oregon to purchase gold jewelry for $16,000. California has a 7.5 percent sales a
scoundrel [369]

Answer:

Pike owes $1200 in taxes is she the purchase $16,000 in Oregon and owes $820 in transactions if she purchase $16,000 in Oergon.

Explanation:

Re call that the total tax is the rate tax time the purchase amount.

T= R * P

Then the use tax that Pike owe to California for the purchase of $16,000 in Oregon Tc taking a rate of 7.5 percent is:

Tc =  0.075 * $16,000  = $ 1,200

The use tax  that Pike owe to California for the purchase of $16,000 in New Mexicon Tn dont take into account the sales but the transaction rate of 5.125 percent:

Tn =  0.05125 * $16,000  = $820

7 0
3 years ago
Other questions:
  • 3. What is meant by economy of scale? Why would costs be im pacted by the quantity of garment that is produced?
    11·1 answer
  • All of the following regarding the current ratio are true except: Multiple Choice Current ratio is calculated by dividing curren
    11·2 answers
  • The mass exodus of more affluent caucasians from urban to suburban areas is sometimes referred to as
    6·1 answer
  • Entrepreneurs are willing to take risks becausea. technology provides a way to sidestep the patent and copyright system.b. the p
    8·1 answer
  • One widespread trend under way in business today that will affect the goals of the organization you work for is: Select one: a.
    13·1 answer
  • scenarios as examples of elastic, inelastic, or unit elastic demand. When Ruko, a device used to stream movies at home, increase
    13·1 answer
  • Which ones go in which box
    15·1 answer
  • Who on here can drive and lives in Florida?
    9·1 answer
  • The consumer price index is used toGroup of answer choicesturn dollar figures into meaningful measures of purchasing power.chara
    7·1 answer
  • Help please xx<br> Which economic indicator measures economic growth?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!