Answer: Factory overhead control
Explanation: Factory overhead is the account where the amount of cost incurred while manufacturing a product is recorded and no direct labour or material is recorded. When the manufactured goods are finished and produced they are recorded as expenses when the goods are sold as manufactured finished products.
All the expenses related to the factory are included in this account such as rent, utility, electricity, supplies, tools. Factory overhead is known as manufacturing burden or expenses.
Preferences ARE BASED ON THE INDIVIDUAL.
Each individual has his or her own preferences. He or she has her own standards when it comes to goods and services. If a person prefers a certain good or service and said good or service is expensive, the person will still buy the good or service because he or she prefers it over others.
Answer:
The journal entry is shown below.
Explanation:
According to the scenario, the journal entry for the given data are as follows:
Journal entry
Jul.4 Cash A/c Dr $147
Card charges A/c Dr. $3
To Sales revenue A/c $150
(Being card transaction is recorded)
Computation:
Cash = $150 - 2% × $150 = $147
Card charges = $150 × 2% = $3
Answer:
Kindly check explanation
Explanation:
Given
Probability of success, p = 0.9
Number of trials = sample size, n = 15
q = 1 - p
The binomial formula for this situation is written as :
P(x = x) = nCx * p^x * q^(n-x)
P(x = x) = 15Cx * 0.9^x * (1-0.9)^(15-x)
(1) For ; P(x ≤ 13).
P(x = 0) + p(x = 1) +... + p(x = 13)
Using a calculator :
P(x ≤ 13) = 0.451 (3 decimal place)
(2) For ; P(x > 10).
Using calculator :
P(x > 10) = p(x = 11) + p(x = 12) +... + p(x = 15)
P(x > 10) = 0.9873
(3) For P(x ≥ 14).
Using calculator ;
P(x ≥ 14) = [p(x = 14) + p(x = 15)]
P(x ≥ 14) = 0.5490
(4) P(9 ≤ x ≤ 12).
P(9 ≤ x ≤ 12) = p(x = 9) + p(x = 10) + p(x = 11) + p(x = 12)
P(9 ≤ x ≤ 12) = (0.001939 + 0.01047 + 0.042835 + 0.128505) = 0.1837
(5) For P(x ≤ 9) ;
Using calculator ;
P(x ≤ 9) = p(x = 0) + p(x = 1) +... + p(x = 9)
P(x ≤ 9) = 0.00225
Answer:
$890,000
Explanation:
The computation of the total cost of work in process is shown below
But before that following calculations are needed
Cost of Raw material consumed = Beginning inventory + Raw material purchased - Closing inventory
= $9,000 + $560,000 - $6,000
= $563,000
And,
Cost of manufacturing = Cost of raw material consumed + Direct labor + Manufacturing overhead
= $563,000 + $210,000 + $120,000
= $893,000
Now
Cost of work in progress = Beginning WIP inventory - Ending WIP inventory + Cost of manufacturing
= $25,000 - $28,000 + $893,000
= $890,000