Answer:
The Journal entry is as follows:
Factory Overhead A/c Dr. $29,200
To Materials $8,800
To Wages payable $6,600
To Utilities Payable $4,800
To Accumulated Depreciation-Factory $9,000
(To record the factory overhead incurred during May)
Workings:
Factory Overhead:
= indirect materials + indirect labor + utilities cost + factory depreciation
= $8,800 + $6,600 + $4,800 + $9,000
= $29,200
An account used with a related account to bring about a decrease in the net amount of the two account balances is called a contra account.
A contra account is used in a general ledger to reduce the value of a related account when the two are netted together.
Natural balance in the contra account is the opposite of the associated account.
If the natural balance has recorded the debit balance in the related account, the contra account will record a credit balance . For example, the contra account for a fixed asset is the accumulated depreciation.
Contra accounts are presented on the same financial statement as the associated account, generally appearing directly below it with a third line for the net amount.
Note that accountants always use contra accounts rather than to reduce the value of the original account directly to keep financial accounting records clean.
To know more about contra accounts here:
brainly.com/question/3259094
#SPJ4
Answer:
The right solution is "decrease by $50,000". A further explanation is description if provided below.
Explanation:
The given values:
Sell amount,
= 10,000
Reserve ratio,
= 20%
i.e.,
= 0.2
Now,
The decrease in money supply will be:
=
On substituting the values, we get
=
= ($)
Answer:
Division A
Operating Income:
Transfer Price = $4.00
Less Costs = $2,25
Operating Income = $1.75
Explanation:
The Transfer Price of $4.00 per burger to Division B is the selling price for Division A's product.
When the costs of producing Division A's product is subtracted from the selling price (transfer price), the result is the operating income.
Operating income is, therefore, the difference between selling price and costs. These costs include the cost of goods sold and other expenses, like wages and salaries, rent, etc. It is the income subject to taxes and profit distribution.
The answer to your question would be A - a maxillary labial frenum, this part of lip tissue is responsible for diasetemic teeth - anterior teeth which are being too close to the maxillary labial frenum and which are therefore creating a gap between the front teeth.