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In-s [12.5K]
3 years ago
9

Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 201 A

luminum 500 $88,700 202 Plastic 503 27,600 203 Rubber 504 3,650 204 Glue Indirect 2,250 205 Steel 510 38,750 Journalize the entry to record the issuance of materials. For a compound transaction, if an amount box does not require an entry, leave it blank.
Business
1 answer:
Svetradugi [14.3K]3 years ago
5 0

Answer:

The journal entry is as follows:

Work in process A/c                 Dr. $158,700

Manufacturing overhead A/c   Dr. $2,250

To Raw material inventory                               $160,950      

(To record the issuance of materials)

Workings:

  • Work in process is debited with direct material:

        =  88,700 + 27,600 + 3,650 + 38,750

        = $158,700

  • Manufacturing overhead debited with indirect material cost = $2,250

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boyakko [2]

Answer:

the Hawthorne effect

Explanation:

The Hawthorne Effect is the theory that states that people are more likely to modify their behavior because they are under study or evaluation and not as a result of response to stimuli.

Therefore, according to the given question, Pete Jazoni's output nearly doubled once it was selected for special attention by experts. This is an example of the Hawthorne effect.

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3 years ago
Three months ago, Central Supply stock was selling for $51.40 a share. At that time, you purchased five put options on the stock
oee [108]

Answer:

$4,350

Explanation:

Calculation to determine your net profit or loss on this investment

Net profit = (-$0.60 - $42.70 + $52) × 100 × 5

Net profit= $4,350

Therefore your net profit or loss on this investment is $4,350

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3 years ago
What is the Adjusted Basis on a property using the following criteria:________ Original Purchase Price: $500,000 Capital Improve
Ray Of Light [21]

Answer:

Adjusted basis                $ 405,000

Explanation:

The adjusted basis will add to the original purchase price the capital improvements and decrease conidering the depreciation.

expenditures related to maintenance or repairs would not increase the adjusted basis as those just maintain the current value. It has to be an improvement, like redising, add a room, a bathroom plant some valuable ornament trees or any of these kind of expenses. Change a broken window for a new one is not considered capital improvement.

Original Purchase Price: $500,000

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Depreciation:            <u>      $( 184,000)   </u>

Adjusted basis                $ 405,000

3 0
3 years ago
Read 2 more answers
Marc Adler is the owner of Macquarium , a multimillion- dollar communications company that does everything from video Production
dimaraw [331]

Answer: outsourced

Explanation:

Outsourcing simply meabs the business practice whereby a company hires another party outside the company to perform a particular activity related to it's production for them which the company could have done itself and performed in-house.

Outsourcing is done in order to reduce cost or focus on other main areas in the company. Since Marc Adler gave the creation of its website to another party, this is known as outsourcing.

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3 years ago
"The insurance company gets information about gas leakage in several houses that use the same gas provider that your customer do
wlad13 [49]

Answer: $2550

Explanation:

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The company wants to keep same annual gain from the policy ($750), and the question now is, what would the new premium (N) be which will satisfy this? To get this, we need to solve the equation for:

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To account for the added risk which the insurance company is taking by continuing insuring the customer, the premium changes from $1,350 to $2550

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3 years ago
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