Answer and Explanation:
The adjusting entry is as follows:
Supplies expense ($1,823 + $4,344 - $286) $5,881
To supplies payable $5,881
(being the supplies expense is recorded)
Here the supplies expense is debited as it increased the expense and supply payable is credited as it also increased the liabilities
Answer:
See explanation
Explanation:
We first calculate weighted avg total break even point.
The formula or this is,
Total Break even = Total fixed costs / Weighted avg contribution
Weighted avg contribution = (Contribution of A12 * Weight of A12) + (Contribution of B22 * Weight of B22) + (Contribution of C124 * Weight of C124)
Contribution/ Product =
A12 = 61 - 43 = $18
B22 = 108 - 78 = $30
C124 = 413 - 316 = $97
Thus,
Weighted avg Contribution = (18*0.56) + (30*0.27) + (97*0.17) = $34.67
Total Break even = 249624/ 34.67 = 10085 units in total
Simply multiply total break even units with each products weight to calculate qty for each product to b produced.
A12 = 10085*0.56 = 5647.6 units
B22 = 10085*0.27 = 2722.94 units
C124 = 10085*0.17 = 1714.45 units
as per the sales mix.
We can also calculate how many units of each individual product are required for break even as,
A12 = 249624/18 = 13868 units
B22 = 249624/30 = 8320.8 units
C124 = 249624/97 = 2573.44 units
Hope that helps.
Answer:
Engineering is an occupation with an extremely wide reach. The term 'engineering' covers many fields and, by extension, many skills. Engineers are scientists, inventors, designers, builders and great thinkers and improve the state of the world, expand human capability and make people's lives safer and easier.
Engineering skills include:
- The scientific method
- Social, cultural and economic awareness
- Mathematics
- Biology, chemistry, physics and other areas of science
- Creativity
- Teamwork
- Where science is involved with designs, buildings, use of engines, machines, and structures.
Answer:
Bank reconciliation for Candace Co. for May 31
Amount in $ Amount in $
Balance per Bank statement 2,936
Less;
Outstanding checks (465)
Add;
Deposits in transit 655
Bank charge 50
Erroneous check to supplier <u> 18</u> <u> 723</u>
Balance per cash account <u>3,194 </u>
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
The outstanding checks has been deducted from the cash book hence it will be deducted from the bank statement balance in the reconciliation statement.
The bank charges is yet to be recorded in the cash books as a deduction hence it will be added back to the bank statement balance in the reconciliation statement.
The bank deposit has been recorded as an inflow in the cash balance hence it will be added to the bank balance in the reconciliation statement.
The erroneous check amount difference
= $97 - $79
= $18
This will be added to the banks balance as it has been underdeducted in the cash balance in the reconciliation statement.
