Answer:
a. Cash for $180
Explanation:
The receipts from the petty cash fund indicate that the owner of the box made purchases adding up to $177. Therefore that money is no longer part of the fund. Since the fund holds $200 and currently only has $20 then to replenish the account the journal entry would need to include a credit to cash for $180 ... ($200-$20=$180)
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Answer:
purchases = 160000
Explanation:
given data
beginning inventory = $140,000
amount of inventory on hand = $80,000
net sales = $400,000
gross profit rate = 40%
solution
we first Computation of cost of goods sold hat is
Gross profit rate = 
× 100
= 
= = 
= 100 Gross profit = 16000000
so
Gross profit = 160000
and
Cost of goods sold is = sales - gross profit
so
Cost of goods sold = 400000 - 160000
Cost of goods sold = 240000
and
Cost of goods sold = opening inventory + purchases - closing inventory
so put here value
240000 = 140000 + purchases - 60000
so purchases = 160000
The definition of commodity is D. Some examples are gold, silver and copper.
Answer:
The rate charged per hour of labor is 120.
Explanation:
Rate charged per hour of labor is given by:
= Budgeted cost per labor hour + Profit margin
= 660000/10000 + 54
= 120
Therefore, The rate charged per hour of labor is 120.
Answer:
$4,100 Unfavorable
Explanation:
Data provided as per the question
Budgeted fixed overhead cost = $51,000
Actual fixed overhead cost = $55,100
The computation of the fixed manufacturing overhead budget variance is given below:-
Budget variance = Budgeted fixed overhead cost - Actual fixed overhead cost
= $51,000 - $55,100
= $4,100 Unfavorable
In the given question the right answer is not available. So, the right answer is $4,100 unfavorable.
