Answer:
Explanation:
The journal entry is shown below:
Work in process A/c - shaping department Dr $35,000
Work in process A/c - packaging department Dr $25,000
To Manufacturing overhead A/c $60,000
(Being apply overhead to the manufacturing departments is recorded)
The computation is shown below:
For shaping department
= 3,500 machine hours × $10 per machine hour
= $35,000
For Packaging department
= 2,500 machine hours × $10 per machine hour
= $25,000
Answer:
a surplus of middle seats and the equilibrium quantity of aisle seats.
Explanation:
Aisle seats are already preferred by people. So, increasing rate of middle seats will make people more attracted towards aisle seats. So, a surplus of middle seats and the equilibrium quantity of aisle seats.
Answer:
The addition to retained earnings is $121,400.
Explanation:
Net Income = $192,400
Dividend = $71,000
use Following formula to calculate the addition to retained earning
Addition to Retained Earning = Net Income - Dividend paid
Addition to Retained Earning = $192,400 - $71,000
Addition to Retained Earning = $121,400
So, the addition to retained earnings is $121,400
Answer:
$395,850
Explanation:
Calculation for Cushman Company Gross profit
Using this formula
Gross Profit=Sales-Sales discounts-Sales returns and allowances-Cost of goods sold
Let plug in the formula
Gross Profit = $812,000 - $12,180 - $18,270- $385,700
Gross profit= $395,850
Therefore Cushman Company Gross profit will equal $395,850
