Contract I believe would be the answer
Answer: $15600
Explanation:
To calculate the amount of the Payroll Department's cost that is allocated to the Assembly Department goes thus:
First we need to calculate the allocation rate which will be:
= $300,000/25,000
= $12.
Then, the departmental cost will be:
= Payroll checks × Allocation rate
= 1,300 × $12
= $15,600.
Therefore, the amount of the Payroll Department's cost that is allocated to the Assembly Department is $15600.
Answer:
Journal Entries are as follows.
Explanation:
1. Cash $25,000 (Debit)
Common Stock $ 25,000 (credit)
2. Wages $10,000 (debit)
Cash $10,000 (credit)
3. Land $ 50,000 (debit)
Common Stock $50,000 (credit)
4. Dividend Declared $ 1000 (debit)
Dividend Payable $ 1000 ( credit)
And
Dividend Payable $ 1000 ( debit)
Cash $ 1000 (credit)
5. Cash $ 3000 (debit)
Long Term Investment $ 3000 (credit)
6. Cash $ 20,000 (debit)
Sales $ 20,000 ( credit)
7. Inventory $2000 (debit)
Cash $ 2000 (credit)
8. Investment $ 6000 ( debit)
Cash $ 6000 (credit)
9. Bonds Payable $ 10,000 (debit)
Discount $ 1000 (credit) ( if there's any)
Common Stock $ 9,000 ( credit ) ( in case of discount)
10. Notes Payable $ 10,000 (debit)
Interest on Notes Payable $ 1,000 (debit) ( suppose there's interest of $ 1000 on $ 10,000 Notes Payable)
Cash $ 11,000 (credit)
Answer:
275
Explanation:
You will add all the figures;that is;44+67+91+18+55=275
Answer: Option (d) is correct.
Explanation:
Amount paid for candy = $1,500
Items received = 8,500 pieces of candy
Group 1 = 2,500 pieces
Selling price = $0.15 each
sale value = pieces sold × Selling price
= 2,500 × $0.15 each
= $375
Group 2 = 5,500 pieces
Selling price = $0.36 each
sale value = pieces sold × Selling price
= 5,500 × $0.36 each
= $1,980
Group 3 = 500 pieces
Selling price = $0.72 each
sale value = pieces sold × Selling price
= 500 × $0.72 each
= $360
Total sale value = $375 + $1,980 + $360
= $2,715
= 72.92%
Proportion of cost for Group 2 = cost × Percentage of sale in Group 2
= $1,500 × 72.92%
= $1,093.8
= $0.1988
= $0.20(approx)
