The journal entry to record the factory labor costs (as per the time tickets) is as follows:
<h3>Journal Entry</h3>
Debit Work in Process:
Job 100 $2,680
Job 101 2,220
Job 104 4,070
Job 108 4,640
Job 111 2,830
Job 115 1,860
Job 117 12,570
Debit Factory overhead $14,280
Credit Factory Labor costs $45,150
<h3>Data Analysis:</h3>
Job No. Amount
100 $2,680
101 2,220
104 4,070
108 4,640
111 2,830
115 1,860
117 12,570
Factory overhead (Indirect labor costs) $14,280
Thus, the factory labor costs are <u>debited</u> to the Work in Process for various jobs and the factory overhead (indirect costs), while the <u>credit</u> entry goes to the Factory Labor Costs account.
Learn more about recording factory labor costs at brainly.com/question/17080631
#SPJ1
Answer:
Explanation:
Increase production i.e; facilitate the production to the maximum of the capacity in the short run. Ensure longer term innovation and investment to reduce risk for future. Keep educating the children to take care of future needs.
Answer:
B. Factoring
Explanation:
Factoring is a financial transaction in which a business sells its accounts receivables to a third party (mostly financing firms) at a discount. Accounts receivable is a record of money customers owe to the company for sales made on credit.
The company sells its future cash-flow owed by it's customers, in return for cash upfront but the cash received is less than the amount it would've received in accounts receivable later because the financing company charges that amount of providing cash (liquidity) to the company.
Factoring is not considered a loan, as the parties neither issue nor acquire debt as part of the transaction.
So the short-term financing option utilized by Tunebeak is Factoring.
Answer:
the price that can be affordable for every one and it should be by the opinion of the common people and labours
Answer:
True
Explanation:
Partnerships are not taxed as individual entities, they work as pass through entities where the partners must report any gains or losses on their personal income filings.
In this case, since Aaron owns 25% of Eagle Company, any loss or gain that Eagle company has will be passed to Aaron in the same percentage. Since Eagle had a $10,000 short term capital loss, $2,500 ($10,000 x 25%) of the loss will pass to Aaron.
