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Gre4nikov [31]
3 years ago
11

Flowchart of Accounts Related to Service and Processing Departments

Business
1 answer:
MakcuM [25]3 years ago
7 0

Answer:

Main route:

Smelting --> Rolling --> Converting --> Sheared Sheet

Secondary route     -->

Smelting --> Rolling -->  rolled sheet

1) Smelting trasnferred materials into Rolling

2) It will be part of that department work in process inventory

"WIP SConverting debit then factorty overhead credit"

Later it will be transferred out as a complete process therefore,

Finished good Inventory - Shared sheet

3) the Smelting department transfer the entire of his output into Rolling department

4) the finished good will become cost of good solg once they are sold.

·

Explanation:

We have to read he description of how the processing system works and check to whichdeparmtent are the goods being transferred or sold.

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Residual Income The Commercial Division of Galena Company has operating income of $62,240 and assets of $228,000. The minimum ac
postnew [5]

Answer:

the residual income for the division is $46280

Explanation:

given data

operating income = $62,240

assets = $228,000

return on assets = 7%

to find out

What is the residual income for the division

solution

we get Residual income for the division that is express as  

Residual Income = Income from operations - ( Minimum required return × Operating Assets)     .......................1

put here value we get

Residual Income = $62,240 - ( 7% × $228,000 )

Residual Income = $62,240 - $15960

Residual Income = $46280

So the residual income for the division is $46280

5 0
3 years ago
. If incomes rise rapidly in the United States and U.S. preferences for foreign goods strengthen, we
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If incomes rise rapidly in the united States and U.S preferenced for foreign goods strengthen, we would expect D. the dollar to depreciate in value.
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3 years ago
Which of the following is a visual cue that would signal important information in class?
Nookie1986 [14]

Answer:

a

Explanation:

cause it is

6 0
3 years ago
What is a<br> purpose of drawing up budgets in a business
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To estimate the amount of money needed so you don't run out.
4 0
3 years ago
Purchase
USPshnik [31]

Answer:

The total cost to be capitalized for each of these two pieces of equipment:

Purchase equipment = $180,708

Construction equipment = $678,432

Explanation:

a) Data and Calculations:

Purchase

Cash paid for equipment, including sales tax of $7,400 $155,400

Freight and insurance cost while in transit                            2,960

Cost of moving equipment into place at factory                   4,588

Wage cost for technicians to test equipment                       5,920  

Special plumbing fixtures required for new equipment      11,840

Total cost to be capitalized =                                           $180,708

Construction

Material and purchased parts (gross cost $296,000; failed to take 2% cash discount)                                  $296,000

Imputed interest on funds used

during construction (stock financing) 20,720

Labor costs                                          281,200

Allocated overhead costs:

Fixed                                 $29,600

Variable                             $44,400     74,000

Cost of installing equipment                 6,512

Total capitalized costs =                 $678,432

8 0
3 years ago
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