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In-s [12.5K]
3 years ago
10

A typical source document could be Question 8 options: A) a computer data entry screen. B) the company's financial statements. C

) both some type of paper document and a computer data entry screen D) some type of paper document.
Business
1 answer:
Simora [160]3 years ago
7 0

Answer:

Both A and B  

Explanation:

The original record that contains details that substantiates or supports the original document which will be entered in accounting system is called source document.  

They describe basis facts such as amount, purpose and date.

Cancelled checks, credit card receipts and supplies invoices, cash register tapes are examples of source documents.

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A department adds all materials at the beginning of the process and incurs conversion costs uniformly throughout the process. Fo
zubka84 [21]

Answer:

The unit costs for materials is $1.62 per unit

The unit costs of conversion costs  is $2.13 per unit

Explanation:

In determining the the unit production costs for materials and conversion costs, it is very important to calculate equivalent number of units applicable to materials as well as the one applicable to conversion costs

Equivalent units for materials

Completed units        40000 @100% complete    40000

Ending inventory        [email protected] 100% complete   <u>20000</u>

                                                                                 <u>60000</u>

Equivalent units for conversion costs

Completed units [email protected]%                  40000

Ending inventory 20000 @ 30% complete  <u>6000</u>

                                                                         <u>46000</u>

unit production costs of materials=$96960/60000=$1.62 per unit

unit production costs of conversion costs=$97860/46000=$2.13 per unit

8 0
4 years ago
Which of the following currencies is not/are not a hard currency?* Euro O CHF RMB O CDS GBP Both b and c Both c and d​
cestrela7 [59]
Examples of some of the most prominent hard currencies are listed below: The U.S. dollar (USD) The euro (EUR) ... The Australian dollar (AUD)
6 0
3 years ago
Crane Companybudgeted manufacturing costs for 60000 tons of steel are: Fixed manufacturing costs $50000 per month Variable manuf
Tomtit [17]

Answer:

$530,000

Explanation:

Given that

Fixed manufacturing cost = 50000

Variable manufacturing cost = 12 per ton steel

Total number of steal produced = 40000

Recall that

Total manufacturing cost = Total fixed manufacturing cost + total variable manufacturing cost

Total variable manufacturing cost = variable cost per ton × output

= 40000 × 12

= 480,000

Therefore,

Total manufacturing cost = 50000 + 480000

= $ 530,000

Total manufacturing cost = $530,000

7 0
3 years ago
Joe sends for a MBA catalog from State University. According to the catalog, the MBA applications are evaluated on the basis of
irinina [24]

Answer:

The answer is: C) There is a valid contract

Explanation:

According to Appellate Court ruling in Steinberg v. Chicago Medical School;

The two parties (Joe and Sate University) entered a valid contract agreement upon receiving the $100 dollar application fee from Joe. State University´s catalog is considered to be the Offer part of this contract and the $100 application fee is considered the Consideration part of the contract.

7 0
4 years ago
On October 1, 2014, Mann Company places a new asset into service. The cost of the asset is $80,000 with an estimated 5-year life
Lelu [443]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

On October 1, 2014, Mann Company places a new asset into service. The cost of the asset is $80,000 with an estimated 5-year life and $20,000 salvage value at the end of its useful life.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= 60,000/5=12,000

3 months depreciation= 12,000/12*3= 3,000

3 0
3 years ago
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