Answer:
d. Work in Process 150,000 DEBIT
Wages Payable 150,000 CREDIT
Explanation:
The direct labor will the wages accrued for production orders. The general factory use will be part of the actual factory overhead. It should not be considered as direct labor. It is indirec tlabor, a component of manufactring overhead.
We debit work in process as it represent an assets, these units will be finished, sell and collected; completing the conversion cycle of assets.
While the wages are credited as thy represent an obligation to pay (liabilties)
Answer: rose
Explanation: In the given case, Halpert hardware imports from asian countries,that is, they are on the buying side of the transaction. Therefore, if the value of dollar rises in relation to the currencies of countries from which halpert buys than they will be able to purchase more quantity with the same amount of dollars.
It will go up because the milk is cheaper and they will buy what goes with it because they are complements ( milk and cereal ) this leads people to buy what goes with it so more cereal will be bought
Answer: $55,600
Explanation:
Total Manufacturing Cost
= Direct Material + Direct Labor + Factory Overhead
Cost of Goods manufactured = Direct materials used + Work-in-Process Inventory, Beginning + Factory Overhead Applied + Direct Labor - Work-in-Process Inventory, Ending
Direct Materials = Cost of Goods manufactured - Work-in-Process Inventory, Beginning - Factory Overhead Applied - Direct Labor + Work-in-Process Inventory, Ending
= 57,100 - 10,500 - 11,500 - (1.4 * 11,500) + 9,000
= $28,000
Total manufacturing cost = 28,000 + ( 1.4 * 11,500) + 11,500
= $55,600
