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timama [110]
3 years ago
8

Starr Company reports the following information for August. Raw materials purchased on account $ 81,800 Direct materials used in

production $ 53,600 Factory wages earned (direct labor) $ 19,550 Overhead rate 135 % of direct labor cost Prepare journal entries to record the following events. Raw materials purchased. Direct materials used in production. Direct labor used in production. Applied overhead.
Business
1 answer:
maria [59]3 years ago
5 0

Answer:

Entry:  Dr Raw material 81800

                   Cr Accounts payable 81800

       ( To record raw material purchased on account)

Entry: Dr Work in process 53600

               Cr Raw material                53600

     ( To record material used in production)

Entry: Dr Work in process ( 19550 *135%= 26392) 26392

                   Cr Applied factory overhead                          26392

      (To record applied overhead )

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4 0
3 years ago
If investors expect inflation to increase over the next 20 years and the maturity risk premium is expected to increase over the
olganol [36]

Answer: normal /upward sloping

Explanation:

The yield curve is a curve that shows the relationship that exist between interest rate and time to maturity. According to the expectation theory, it is stated that the yield curve will be upward sloping when there's increase in inflationary expectations.

The slope of the yield curve helps in giving a clue to know the direction of future interest rates. It should be noted that an upward sloping curve means that there is an expectation of higher interest rates in the future.

Therefore, when investors expect inflation to increase over the next 20 years and the maturity risk premium to increase over the next 5 years, the general yield curve will be upward sloping.

5 0
3 years ago
Parne Two large American beer producers have decided to merge and seek government approval. They claim that by joining forces th
leonid [27]

Answer:

The correct answer is letter "A": Beer prices will go down.

Explanation:

Usually, when two large companies merge they take most or almost all part of their market causing a monopoly. This implies the recently-merged company to set the price of the goods according to what they believe is suitable which does not necessarily match with the consumers' expectations. However, for the companies in the case to prove the government that the merger will benefit the economy, they must show that the price of the beer will go down which is the opposite of what is expected under other regular situations.

5 0
4 years ago
Generally, employees of nonagricultural, private-sector firms are entitled to benefits for work-related accidents and illnesses
Ksju [112]

Answer: The correct answer is Worker’s Compensation.

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8 0
3 years ago
Suppose that towns collect resources from their surroundings. Then, through trade, they attempt to obtain other desirable items.
Olin [163]

Answer:

-equal to zero

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As the price for wood is above the demand is willing to pay there is no trade.

Either some of the participants will increase their demand and accept the price of 60 dollars; look for another supplier or look into producing for themselves

Also, Timber could lower the prce of wood so trade occurs.

5 0
3 years ago
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