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zepelin [54]
3 years ago
12

During May, Darling Company incurred factory overhead costs as follows: indirect materials, $2,250; indirect labor, $6,370; util

ities cost, $2,660; and factory depreciation, $3,320.
Required:
Journalize the entry to record the factory overhead incurred during May.
Business
1 answer:
Hunter-Best [27]3 years ago
4 0

Answer:

factory overheads $14,600 (debit)

indirect materials, $2,250 (credit)

indirect labor, $6,370 (credit)

utilities cost, $2,660 (credit)

factory depreciation, $3,320 (credit)

Explanation:

The factory overheads account is debited with factory overheads actually incurred during the period.

Overheads applied to work in process are credited in the overheads account.

This leaves the balance of over or under-applied overheads on either the debit or credit of this account.

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Answer:

2 forms of ID & initial  Deposit

Explanation:

so initial deposit

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4 0
3 years ago
Read 2 more answers
You are considering 3 independent projects, project A, project B, and project C. Given the following cash flow information, calc
iris [78.8K]

Answer:

Project A should be accepted as it has less payback period

Explanation:

In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:

For Project A

In year 0 = $1,000

In year 1 = $600

In year 2 = $300

In year 3 = $200

In year 4 = $100

In year 5 = $500

If we sum the first 2 year cash inflows than it would be $900

Now we deduct the $900 from the $1,000 , so the amount would be $100 as if we added the third year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $200

So, the payback period equal to

= 2 years + $100 ÷ $200

= 2.5 years

For Project B

In year 0 = $10,000

In year 1 = $5,000

In year 2 = $3,000

In year 3 = $3,000

In year 4 = $3,000

In year 5 = $3,000

If we sum the first 2 year cash inflows than it would be $8,000

Now we deduct the $8,000 from the $10,000 , so the amount would be $2,000 as if we added the third year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $3,000

So, the payback period equal to

= 2 years + $2,000 ÷ $3,000

= 2.67 years

For Project C

In year 0 = $5,000

In year 1 = $1,000

In year 2 = $1,000

In year 3 = $2,000

In year 4 = $2,000

In year 5 = $2,000

If we sum the first 3 year cash inflows than it would be $4,000

Now we deduct the $4,000 from the $5,000 , so the amount would be $1,000 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $2,000

So, the payback period equal to

= 3 years + $1,000 ÷ $2,000

= 3.5 years

So, Project A should be accepted as it has less payback period

6 0
3 years ago
A door-to-door salesperson knocks on Mary's door and convinces her to purchase the Wonder Vacuum for $500. Soon after the salesp
Vlad1618 [11]

Answer:

Mary can cancel the transaction at any time before midnight of the third business day thereafter.

Explanation:

If she is having second thoughts about the deal , then Mary can cancel the transaction at any time before midnight of the third business day thereafter this is due to the fact that Mary may exercise the right to rescind or cancel the transaction until midnight on the third day after the transaction. She can cancel the deal at no cost to herself within 3 days of closing.

8 0
3 years ago
A US investor is considering investing in Mexico. The exchange rate today is $1 US buys 7.5 Pesos, the Mexican interest rate is
miv72 [106K]

Answer:

The future value of the investment in a year will be 129.23 dollars

Explanation:

We will convert the US dollars to Mexican Pesos

100 x 7.5 = 750

Then, we will apply the interest rate:

Principal (1+r) = Amount

750 x (1 + 0.12) = Amount

750 x 1.12 = 840

Now we convert the future value of the investment at the expected rate:

1 dollar = 6.5 pesos

We got 840 pesos

840/ 6.5 = 129,23 dollars

3 0
3 years ago
Which one of the following is most apt to align management's priorities with shareholders' interests?A) holding corporate and sh
Katen [24]

Answer:

B. Compensating managers with shares of stock that must be held for a minimum of three years.

8 0
3 years ago
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