Answer:
a. Debit to raw material inventory for $12,750, debit to material price variance $750 and credit to account payable for $13,500.
Explanation:
Date Journal Entry Debit Credit
Raw Material Inventory $12,750
Material Price Variance $750
Accounts Payable $13,500
<span>When mp3 players emerged and cassette players declined in popularity, the type/s of unemployment created were of those who are making the wires, the mp3 players, the cassette players, the CD players and even the owner or companies who are suppliers of products that are needed to assemble the machines.</span>
Answer:
d. to better assign overhead costs to products
Explanation:
Activity-based costing is a method in which the overhead costs are assigned to the goods and this helps to create a relationship between the costs and the products to have a better understanding of the costs involved in the manufacturing process. According to this, the answer is that the best reason for using activity-based costing is to better assign overhead costs to products.
Answer:
Investment center
Explanation:
Investment center is a section of an organization that make use of the amount of capital at their disposal to earn more profit for the company. Their main aim is to generate more revenue for the organization.
This section of the company is solely responsible for the amount of money generated, the costs incurred during the production process and the various benefits realized.
They are accessed according to the amount of money brought into the company through various investments.
In the scenario described above, the manager of a particular section of Alpha manufacturing was evaluated on how the equipments, building and other assets were used to generate profit because they were considered as an investment center.
Answer:
Journal Entry for both type of shares is given below
Explanation:
DATA
Preference shares = 50
Common shares = 500
Dividend for preference shareholders = $6/share
Dividend for Common shareholders = $2/share
Entry DEBIT CREDIT
Dividend (for preference shares) $300
Dividend (for common shares) $1000
Cash $1,300
Working
Preference shares dividend = 50 x $6/share = $300
Common shares dividend = 500 x $2/share = $1000
