All categories

3 years ago

EA16.

Business

1 answer:

Artist 52 [7]3 years ago

5 0

Answer:

Explanation:

The journal entry is shown below:

Work in process A/c - shaping department Dr $35,000

Work in process A/c - packaging department Dr $25,000

To Manufacturing overhead A/c $60,000

(Being apply overhead to the manufacturing departments is recorded)

The computation is shown below:

For shaping department

= 3,500 machine hours × $10 per machine hour

= $35,000

For Packaging department

= 2,500 machine hours × $10 per machine hour

= $25,000

Read more about demand curve

brainly.com/question/9469192

8 0

2 years ago

While waiting in line to buy two tacos at 80 cents each and a medium drink for 90 cents, Jordan notices that the restaurant has

marysya [2.9K]

Answer:

(B). 50 cents

Explanation:

Marginal cost is the cost incurred by producing or purchasing one more unit of an item.

If Jordan buys two tacos and a medium drink, it will cost him $2 and 50 cents or 250 cents (80 + 80 + 90).

However, if he opts for the value meal of three tacos and a medium drink, that costs $3 (300 cents), then he would be purchasing one additional taco at a marginal cost of 50 cent.

Marginal cost of additional unit of taco = 300 cents - 250 cents = 50 cents.

4 0

4 years ago

8.A company requires 100 pounds of plastic to meet the production needs of a small toy. It currently has 10 pounds of plastic in

olga55 [171]

Answer:

120 pounds

Explanation:

Data provided in the question:

Plastic required to meet the production needs of a small toy = 100 pounds

Current plastic inventory = 10 pounds

Desired ending inventory = 30 pounds

Now,

The plastic to be budgeted for purchasing

= Plastic required to meet the production needs - Current plastic inventory + Desired ending inventory

= 100 pounds - 10 pounds + 30 pounds

= 120 pounds

6 0

3 years ago

On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not

Andreyy89

Answer:

credit to interest revenue for $132

Explanation:

given data

face value = $8,800

interest rate = 6 %

time = 90 days

solution

if we see here journal entry that is

date particular debit credit

October 30 cash A/C $8932

to notes payable $8800

to interest revenue $132

( $8800× 6% × $\frac{90}{360}$ )

so here credit to interest revenue for $132

6 0

3 years ago

The balance in the prepaid insurance account, before adjustment at the end of the year, is $18,630. The year end is March 31.

geniusboy [140]

Answer:

A. Dr Insurance Expense $15,300.00

Cr Prepaid Insurance 115,300.00

B. Dr Insurance Expense $15,300.00

Cr Prepaid Insurance 115,300.00

C. Dr Insurance Expense $9,880.00

Cr Prepaid Insurance $9,880.00

Explanation:

A. Preparation of the March 31 adjusting entry required when the amount of insurance expired during the year is $15,300

Dr Insurance Expense $15,300.00

Cr Prepaid Insurance 115,300.00

B. Preparation of the March 31 adjusting entry required when the amount of unexpired insurance applicable to future periods is $3,330

Dr Insurance Expense $15,300.00

Cr Prepaid Insurance $5,300.00

($18,630-$3,330)

C.Preparation of the March 31 adjusting entry required when the amount of unexpired insurance applicable to future periods is $8,750

Dr Insurance Expense $9,880.00

Cr Prepaid Insurance $9,880.00

($18,630-$8,750)

8 0

3 years ago