<span>a. allow decision makers to determine what is fair. </span>
Answer:
Hence,
1. $2.5
2. 3 pounds
3. $7.5
Explanation:
1. The computation of standard direct material price per gallon is shown below:
=Price-net purchase price + freight-in + receiving and handling
= $2.20 + $0.20 +$0.10
= $2.5
Thus, the standard direct material price per gallon is $2.5
2. The computation of standard direct material quantity per gallon is shown below:
= Quantity required material + Allowance for waste and spoilage
= 2.6 +0.4
= 3 pounds
3. The computation of total standard material cost per gallon is computed below:
= Standard direct materials price per gallon × Standard direct materials quantity per gallon
= $2.5 × 3
= $7.50
Hence,
1. $2.5
2. 3 pounds
3. $7.5
Answer: Social Welfare
Hope this helped!
Answer:
Item a
Debit : Salaries Expense $1,700
Credit : Salaries Payable $1,700
Item b
Debit : Depreciation expense $200
Credit : Accumulated depreciation $200
Item c
Debit : Insurance expense $350
Credit : Prepaid Insurance $350
Item d
Debit : Supplies expenses $110
Credit : Office Supplies $110
Item e
Debit : Unearned revenue $400
Credit : Revenue Earned $400
Item f
Debit : Accounts Receivable $900
Credit : Service Revenue $900
Explanation:
The adjusting entries for the month of December have been prepared above.
Answer: An increase in demand for digital cameras over 35mm cameras.
