3 years ago

Your org's corporate currency:_______.

Business

1 answer:

oksano4ka [1.4K]3 years ago

8 0

Answer:

D. Is the same whether you use a single or multi-currency set up.

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Before attempting to lift any material, _________.

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How do changes in consumer income and tastes affect movement of the demand curve?

dezoksy [38]

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An outward shift in demand will occur if income increases, in the case of a normal good; however, for an inferior good, the demand curve will shift inward noting that the consumer only purchases the good as a result of an income constraint on the purchase of a preferred good.

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3 years ago

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Crane Company buys merchandise on account from Sheridan Company. The selling price of the goods is $1,350 and the cost of the go

trapecia [35]

Explanation:

The journal entry is as follows

In the books of Crane company

Merchandise Inventory A/c $1,350

To Accounts payable A/c $1,350

(Being inventory purchased on credit)

In the books of Sheridan Company

Account receivable A/c Dr $1,350

To Sales revenue $1,350

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $655

To Merchandise Inventory A/c $655

(Being goods are sold at cost)

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4 years ago

Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. During

strojnjashka [21]

Answer:

Underapplied overhead= $109,500

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 525,000 / 150,000

Predetermined manufacturing overhead rate= $3.5 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 3.5*135,000

Allocated MOH= $472,500

Finally, the under/over applied overhead:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 582,000 - 472,500

Underapplied overhead= $109,500

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3 years ago