1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alja [10]
3 years ago
15

Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,920 and two j

obs in process: Job No. 429 $2,600, and Job No. 430 $1,320. During May, a summary of source documents reveals the following. Job Number Materials Requisition Slips Labor Time Tickets 429 $3,040 $2,300 430 4,020 3,400 431 4,740 $11,800 7,900 $13,600 General use 900 1,310 $12,700 $14,910 Stine Company applies manufacturing overhead to jobs at an overhead rate of 62% of direct labor cost. Job No. 429 is completed during the month. Prepare summary journal entries to record (1) the requisition slips, (2) the time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429. Show work for numbers.
Business
1 answer:
Tanya [424]3 years ago
7 0

Answer:

job 429 -WIP      3040 debit

job 430 -WIP      4020 debit

job 431 -WIP       4740 debit

factory overhead 900 debit

     raw materials             12,700 credit

--to record materials requisions--

job 429 -WIP      2,300 debit

job 430 -WIP      3,400 debit

job 431 -WIP       7,900 debit

factory overhead 1,310 debit

     wages payables            14,910 credit

--to record wages tickets--

job 429 -WIP      1,426 debit

job 430 -WIP      2,046 debit

job 431 -WIP       4,898 debit

     factory overhead            8,370 credit

--to record applied overhead--

Explanation:

job 429 -WIP:  2300 x 62% =  1,426

job 430 -WIP:  3400 x 62% = 2,046

job 431  -WIP:  7900 x 62% = 4,898

total overhead: 8,370

You might be interested in
what is a federal government program providing retirement, survivor, and disability benefits, that is funded by a tax on income?
SVEN [57.7K]
Title II of the Social Security Act provides for assistance to those who have paid into the system through their employment and then either reach the age of retirement or become disabled. Children and spouses of those who die can also access these benefits. This benefit is more commonly referred to as SSA or just Social Security.

Hope that helps.
7 0
3 years ago
Write a paragraph talking about what happens through out a work day 
zzz [600]

Answer:

I fulfilled management tasks of opening and closing the facility, as well as overseeing a staff of seven individuals. Throughout the day I completed various administrative duties as well, including answering phones, drafting documents and emails, filing, and greeting customers.

u can also use this if u like

I fulfilled control tasks of beginning and closing the facility, as well as overseeing a body of workers of seven people. in the course of the day I completed numerous administrative duties as properly, together with answering telephones, drafting files and emails, submitting, and greeting customers.

Explanation:

3 0
2 years ago
AI Tool and Dye issued 8% bonds with a face amount of $160 million on January 1, 2018. The bonds sold for $150 million. For bond
Tju [1.3M]

Answer and Explanation:

A will report the gain at the time when the bond is adjusted to the fair value as there is a reduction in the far value of the liabilities that occured the gain. In the case when the fair value is changed so there is also the changed in the rate of interest due to this the rate of interest is rised.

Here A would be reported the gain in the net income as there is the change in the rate of interest due to the change in the fair value

In the case when there is the chaneg in the fair value of the bond so this is because of the change in the credit risk and the same should be shown in the statement of the comprehensive income as other comphrensive income

5 0
2 years ago
Josephine would like to become part of an elite manager network at her company so she can get access to general and line managem
Andre45 [30]

Answer: (C) Glass ceiling

Explanation:

 The glass ceiling is one of the concept in the united state which demonstrate about the efforts of the minorities level group and the women for reaching at the top rank in the management sector.

It is basically regardless about the achievement and also the qualification of the women ad the minorities in the united states. The glass ceiling is also refers to the persuasive resistance.

Therefore, Option (C) is correct.

7 0
2 years ago
If planned aggregate expenditure (PAE) in an economy equals 2,000 0.8Y and potential output (Y*) equals 11,000, then this econom
user100 [1]

Answer: a recessionary gap

Explanation:

Equilibrium occurs where the planned aggregate expenditure is equals to the income Y.

Therefore, based on the question given, for this economy,

(2,000 + 0.8Y) = Y

Y - 0.8Y = 2000

0.2Y = 2000

Y = 2000/0.2

Y = 10,000.

Since potential output Y* is given as 11,000, then there's a recessionary gap since the actual output is lower than the potential output.

6 0
3 years ago
Other questions:
  • The law of diminishing marginal utility says that as you consume more of something, the satisfaction that you get from each addi
    8·2 answers
  • When comparing two distributions, it would be best to use relative frequency histograms rather then frequency histograms when?
    11·1 answer
  • Primary market explain how the treasury uses the primary market to obtain adequate funding
    12·1 answer
  • What Christmas vegetable is an anagram of SARNPIP?
    9·2 answers
  • Assume that General Electric is trying to decide whether to locate a new production facility in the United States or in China. I
    8·1 answer
  • Assume there is an increase in the number of consumers in the market for a good sold by perfectly competitive firms that are ini
    6·1 answer
  • A researcher wants to test if juvenile hormone (similar to testosterone) is associated with aggression in paper wasps. The resea
    7·1 answer
  • What do chapter competitions entail?
    7·2 answers
  • On January 3, 2019, Carey discovers his diamond bracelet has been stolen. The bracelet had a fair market value and adjusted basi
    12·1 answer
  • An RBS Risk Impact Assessment benefits from information gathered from: I. Onsite examination II. Offsite examination III. News r
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!