Answer:
Cost of new machine:
= List price of new machine - Trade allowance + Fair value of old machine
= $16,000 - $9,000 + $6,000
= $13,000
Therefore, the journal entry is as follows:
Cost of new machine A/c Dr. $13,000
Accumulated depreciation (Book Value) A/c Dr. $4,000
Loss on exchange of machine A/c Dr. $2,000
To Old Machine (Book Value) $12,000
To Cash (16,000 - 9,000) $7,000
(To record the machine exchange)
Answer:
Marcus should control his emotions
Explanation:
It is natural for Marcus to become angry because of Amy's action. Nonetheless, as team member, he will need to control himself, to be effective as such. Lest such furiosity turn out to become a chaos in a work environment and hinder efficiency, consequently frustrating the aim of the team.
July first, 1946 in Atlanta, Ga
Answer:
Total Job Cost is $6,117
Explanation:
The total cost of the Job 910 is as under:
Direct Material Cost $2,429
Direct Labor Cost (74 Labor Hrs * $17 per Labor Hour) $1,258
Applied overhead (135 Machine Hrs * $18 per Machine Hr) <u>$2,430</u>
Total Job Cost <u>$6,117 </u>
<span> A)Starting a new job</span>