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Answer and explanation:
An activity cost pool is the total sum of the activities necessary to carry out a task within an organization. In terms of costs, the Activity-Based Costing method (<em>ABC</em>) is used. Typical applications for that approach is when a factory wants to determine costs for machine set-up. Factors to be considered may imply but are not limited to production, purchasing material, inspect products, assemble products, and technological production.
In the example:
<u>Production</u>
- <em>Machine setup (indirect labor)</em>
- <em>Machine setup (indirect material)</em>
- <em>Factory insurance</em>
<u>Purchasing material</u>
- <em>Indirect materials</em>
- <em>Machine depreciation</em>
<u>Inspect products</u>
Answer:
$460,000
Explanation:
Data provided in the question
Number of shares sold = 100,000 shares
Explicit fees = $60,000
Offering price = $40
And, the increased share price = $44
Now the total cost of the equity issue is
= Number of shares sold × offering price per share + underwriter explicit fees
= 100,000 shares × $40 + $60,000
= $400,000 + $60,000
= $460,000
Answer:
A.31-Jan
Dr Product Warranty Expense $30,825
Cr Product Warranty Payable $30,825
B. 15-Aug
Dr Product Warranty Payable $513
Cr Supplies $391
Cr Wages Payable $122
Explanation:
a. Preparation of the journal entry for the estimated warranty expense on January 31 for January sales Jan. 31
31-Jan
Dr Product Warranty Expense $30,825
(411,000*7.5%)
Cr Product Warranty Payable $30,825
b. Preparation of the journal entry for the August 15 warranty work
15-Aug
Dr Product Warranty Payable $513
($391+$122)
Cr Supplies $391
Cr Wages Payable $122
Answer:
The amount of money you earn.
Thank you.
BY GERALD GREAT.