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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)

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How are eggs processed to prepare them for shipping and purchasing by a consumer.
horsena [70]

According to the manufacturing process, the eggs are processed to prepare them for shipping and purchasing by a consumer through the use of an <u>automated machine, called a “breaker</u>."

<h3>What is the Automated Machine known as Breaker?</h3>

The automated machine known as the <u>breaker</u> in the processing and preparation of eggs is known to break the eggshell, and most often segregates the yolks from the whites.

Typically, these eggs are then pasteurized and processed into liquid, frozen or powdered form to be utilized in restaurants and bakeries or to make other products such as mayonnaise or shampoo.

<h3>The processing of eggs usually involved the following process or steps:</h3>
  • breaking,
  • filtering,
  • mixing,
  • stabilizing,
  • blending,
  • pasteurizing,
  • cooling,
  • freezing
  • drying, and
  • packaging.

Hence, in this case, it is concluded that the correct answer is the use of the <u>automated machine, called a “breaker."</u>

Learn more about Egg Processing here: brainly.com/question/14243761

#SPJ1

8 0
11 months ago
Use the following information to answer the questions:
Nostrana [21]

Answer:

A.) Since the United States has an aging population and thus an expected decline in working population in the future, therefore, increasing the output per worker seems more relevant in the United states than increasing the proportion of working population. Because Mexico on the other hand boasts a youthful population, Mexico can increase its standard of living by either increasing its output per worker or by increasing the proportion of the population that works.

B.) GDP INCREASES.....

STANDARD OF LIVING ALSO INCREASES....

INCREASE IN NUMBER OF EMPLOYED WORKERS HAS GREATER WEIGHT THAN THE DECREASE IN LABOR PRODUCTIVITY

Explanation:

A.) Since the United States has an aging population and thus an expected decline in working population in the future, therefore, increasing the output per worker seems more relevant in the United states than increasing the proportion of working population. Because Mexico on the other hand boasts a youthful population, Mexico can increase its standard of living by either increasing its output per worker or by increasing the proportion of the population that works.

2.). - - - - - - - - - - - - - - - - - - - - - YEAR - - - - - -

------ - - - - - - - - - - - - - - - 2014 - - - - - - - 2015

Population - - - - - - - - - - 1000 - - - - - - - 1000

Employed workers - - - - 400 - - - - - - - - 440

Labor productivity - - - - 2000 - - - - - - - 1900

GDP = Labor productivity × employed pop.

2014 GDP = 2000 × 400 = 800,000

2015 GDP = 1900 × 440 = 836,000

GDP INCREASES.....

STANDARD OF LIVING ALSO INCREASES....

INCREASE IN NUMBER OF EMPLOYED WORKERS HAS GREATER WEIGHT THAN THE DECREASE IN LABOR PRODUCTIVITY

7 0
3 years ago
Henry is an economist and wants to understand the relationship between inflation and consumer spending habits. For his research,
alexandr402 [8]

Answer:

2014 CPI= 101.5

2013 CPI= 100.8333333

2014 Inflation Rate= 0.66%

Explanation:

Consumer Price Index (CPI):

The index is calculated by taking the price of the basket in one year and dividing it by the price of the basket in another year. This ratio is then multiplied by 100.

Basket Price:

is the sum of the product of the quantitys and prices of the goods thata compose the basket for any given year.

Inflation Rate:

CPI (x+1) - CPI (x)

_____________

CPI (x)

5 0
3 years ago
Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $30,000 to
postnew [5]

Answer:

A. $41,120.

Explanation:

Year    Description          Cash flow           Present [email protected]%

0       Equipment cost      ($30,000)                    ($30,000)

1-4      Additional CF           $24,000                    $69,929.10

4        Residual value            $2,000                       $1,184.16

Present value total                                                 $41,113.26

Based on the above calculation, the answer shall be A. $41,120.

8 0
3 years ago
Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory cos
elena-s [515]

Answer:Inventory on hand Balance at the end = $4620

Explanation:

The question is unclear with regards to the requirements. however having dealt with questions of this nature in the past, I will assume the question requires us to calculate the cost of inventory on hand.

Opening Inventory balance = 180 x $28 =$5040

Purchased inventory = 290 x $30 = $8700

Cash sale (330 x $44) = $14520

Purchase inventory (230 x 34 ) = $7820

Cash sale (55 x $44) = $2420

Inventory on hand Balance = 5040+ 8700 - 14520 + 7820 - 2420

Inventory on hand Balance at the end = 4620 = $4620

8 0
3 years ago
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