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3 years ago

8

A company received a bill for newspaper advertising services received, $400. The bill will be paid in 10 days. How would the tra

nsaction be recorded today

1 answer:

Aleksandr-060686 [28]3 years ago

6 0

Debit Advertising expense $400, credit accounts payable 400.

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Neptune Inc. uses a standard cost system and has the following information for the most recent month, April: Actual direct labor

Naddik [55]

Answer:

$3,200 overapplied

Explanation:

The computation of the total underapplied or overapplied factory overhead is shown below:

Given that

Actual total factory overhead costs incurred is $45,400

Now Overhead applied to production

= (Total factory overhead application rate per standard DLH × Standard direct labor hours allowed)

= $2.70 × 18,000

= $48,600

As we can see that the overhead applied amount is more than the actual amount so the overhead cost would be overapplied i.e.

= $48,600 - $45,400

= $3,200 overapplied

8 0

3 years ago

On January 1, 2018, Legion Company sold $270,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December

RSB [31]

Answer:

$8,767.50

Explanation:

Calculation for what Legion should report as bond interest expense for the six months ended

Using this formula

Bond interest expense= Carrying Value of Bond x Effective interest rate

Let plug in the formula

Bond interest expense=$146,125 x 12% yield interest x 6 months/12 months

Bond interest expense=$8,767.50

Therefore what Legion should report as bond interest expense for the six months ended is $8,767.50

6 0

2 years ago

Individuals have to choose whether to save or invest since it is not recommended to do both

Kisachek [45]

False. Investing is sometimes considered a form of saving money people use other than savings accounts

7 0

3 years ago

Read 2 more answers

Jabari Manufacturing, a widgets manufacturing company, divides its production operations into three processeslong - Department

lora16 [44]

Answer:

Cost per unit of widget produced = $6.52

Explanation:

As for the provided information:

Total units produced = 4,600 units

Total cost of production = costs for Department 1 + Department 2 + Department 3

= $18,000 + $8,000 + $4,000 = $30,000

It does not matter how many units are sold as the cost of sales will include, selling and administrative cost also.

Therefore, all the cost will be considered.

Thus total cost of production = $30,000 for 4,600 units.

Cost per unit of widget = $\frac{30,000}{4,600} = 6.52$

5 0

3 years ago

What will you need to change to make the message appropriate for both a subordinate and other subordinates? Make the message eve

bezimeni [28]

Answer: The correct answer is "Focus on congratulating the team using each individual’s name and use a more formal tone.".

Explanation: In order for the message to be more appropriate both for a subordinate and for other subordinates, the team and each individual subject should be congratulated with their own name so that they feel part of it and feel that their work is important for the team always in a formal tone that maintains respect among all.

4 0

2 years ago