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
lys-0071 [83]
3 years ago
8

Evans products uses a process costing system with two processing departments: the mixing department and the finishing department

. in june, unit costs incurred by the mixing department amounted to $4.00 per unit. unit costs transferred to the finished goods warehouse during the month amounted to $22. work-in-process inventories are reduced to zero each month. the transfer of 35,000 units to the finishing department in june required:
Business
1 answer:
Mice21 [21]3 years ago
3 0

Answer:

A debit to Work-in-Process Inventory, Finishing Department of $140,000

Explanation:

Data provided

Cost transferred per unit = $4

Units transferred = 35,000

Total cost of units transferred = Cost transferred per unit × Units transferred

= $4 × 35,000

= $140,000

Therefore Process department is a finishing department. From the last processing department to finished goods and when only finished goods are debited.

$140,000 will be paid to the Work-in-Process Inventory, Mixing Department and debited to the Finishing Department, Work-in-Process Inventory.

You might be interested in
If accrued salaries were recorded on December 31 with a credit to Salaries Payable, the entry to record payment of these wages o
nikdorinn [45]

Answer:

c. A debit to Salaries Payable and a credit to Cash.

Explanation:

As on December 31, entry to record the expense of Salaries which is accrued and not paid is

Salary A/c Dr.                

  To Salaries Payable

Now on the closing date, of previous year there is a liability outstanding of Salary Payable.

In the next year on 5th January the salary outstanding in opening balance sheet is paid.

For this, the payment will be made and accordingly, cash will be reduced.

Accordingly liability will be reduced for this, liability will be debited.

Therefore, correct option is

c. A debit to Salaries Payable and a credit to Cash.

6 0
3 years ago
During 2021, its first year of operations, a company provides services on account of $255,000. By the end of 2021, cash collecti
ryzh [129]

Answer:

Dr Bad Debt Expense 16,120

Cr Allowance for Uncollectible Accounts 16,120

Explanation:

Based on the information given we were told that the company provides services of the amount of $255,000 in which the cash collections on the accounts was the amount of $131,000 and 13% of accounts receivable will be uncollectible which means that the adjusting Journal entry for uncollectible accounts on December 31, 2021 will be :

Preparation of the adjusting Journal entry for uncollectible accounts on December 31, 2021.

December 31,2021

Dr Bad Debt Expense 16,120

Cr Allowance for Uncollectible Accounts 16,120

[($255,000-$131,000)*13%]

$124,000*13%

=$16,120

8 0
3 years ago
Kaylie assumed the cost of the sales tax on her new (used) vehicle would be around $850. In reality, it was $725. What type of v
strojnjashka [21]

Answer:

option c

Explanation:

beacuse i know hh

8 0
2 years ago
On January 1, 20X4, Polar Corp. paid $104,000 for $100,000 par value, 9% bonds of Seal Corp. Seal had issued $300,000 of the 10-
Eddi Din [679]

Answer:

$14,000

Explanation:

Amount of interest expense = [(Bond issued by 'S' company x 9%) - Amount of    

                                                   premium x (unsold bonds / Bonds issued)]

                                           =  (300,000 x 0.09) - 60000/10 x 200,000/300,000

                                          =  (27,000 - 6000) x 0.66667

                                          =  21,000 x 0.66667

                                          = $14,000

                                         

 

7 0
3 years ago
Biozone provides its employees career counseling, skills workshops, and networking sessions. This work-life initiative used by B
gayaneshka [121]

Answer:

C) information based strategies

Explanation:

Based on the information provided within the question it seems that this work-life initiative used by Biozone falls under the category of information based strategies. These are strategies that focus on improving employee work flow and efficiency by providing them with benefits and activities that increase their knowledge base, such as skills workshops and networking sessions that can lead to good work relationships with people in the same industry to rely upon.

5 0
2 years ago
Other questions:
  • A process is said to operate within a protection domain which specifies the resources that the process may access. list the ways
    10·1 answer
  • Food Packagers Union represents the workers of Garden Variety, Inc. The company does not require its workers to join the union a
    12·1 answer
  • Which of the following items appear on a cash budget? 1. Depreciation 2. Bad debt expenses 3. Noncash items not involving cash t
    14·1 answer
  • Consider the following statements regarding Company A and Company B:The two companies have identical operating results but have
    12·1 answer
  • The last dividend paid by Wilden Corporation was $1.55. The dividend growth rate is expected to be constant at 1.5% for 2 years,
    12·1 answer
  • Sue now has $490. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?
    11·1 answer
  • Which choice is not a characteristic of a competitive market?
    13·1 answer
  • Below are the transactions for Ute Sewing Shop for March, the first month of operations.
    11·1 answer
  • You are looking to purchase a new car, and you expect to have annual maintenance costs to keep it running. According to your cal
    14·1 answer
  • An amount due to a company from another party is recorded by the company as a(n) ____ A. cash flow
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!