Answer:
raw materials 20000 debit
accounts payable 20000
WIP 8000 debit
factory overhead 1000 debit
raw materials 9000 credit
WIP 84000 debit
factory overhead 24000 debit
wages payables 108000 credit
factory overhead 10100 debit
cash 10100 credit
WIP 49000 debit
factory overhead 49000 credit
Finished Goods 18000 debit
WIP inventory 18000 credit
COGS 15000 debit
Finished Goods 15000 credit
Explanation:
The indirect materials and labor will be considered actual factory overhead thus debited into that account
same procedures applies to the repair and utilities paid in cash we have to posted into factory overehad
from the cost sheet we determiante 7,000 labor hours we apply the $7 overhead rate per our to get the amount of applied overhead
The finished goods will increase while the WIP inventory decrease by the ammount transferred out
The COGS is an expense which decreases our finished goods inventory as we sale them and are no longer in our possesion.
I’m not sure but roughly 2.66. PLEASE don’t get mad if I’m wrong
Dupe's present age = 14 years
Olu's present age = 11 years
Explanation:
- Let Dupe's age be x. Let Olu's age be y. Since their ages add up to 25 years, x + y = 25
- Eight years ago Dupe's age was double that of Olu's age. Solving by simultaneous equations. Four methods are Elimination Method, Graphical Method, Substitution Method, and Matrix Method. Let us try out Elimination method for solving a pair of simultaneous linear equations that reduces one equation to one that has only a single variable. Once this has been done, the solution is the same as that for when one line was vertical or parallel.
- Therefore, eight years ago, Dupe's age was 6 and Olu's age was 3 so that x=2y becomes, 6=2*3. Eight years hence, x=6+8=14 and y=3+8=11. That makes, x or Dupe's age as 14 years and y or Olu's age as 11 years.
Answer:
If you enter a road from a driveway, alley or roadside you must:
Yield to vehicles already on the main road.
Explanation:
The concept of right to way is supposed to be understand since there are no law that actually grants the right of way since it only states when the right of way is to be yielded. This concept has to be considered and well understood by all motorists to avoid conflict on roads. These conflicts often cause accidents which can lead to possible loss of life. Thus the rules governing right of way have to be taken very seriously to minimize the probability of accident.
In the following cases the right of way has to be yielded;
1. When one is at a yield sign for example; a stop sign
2. At a pedestrian crosswalk
3. At intersections that don't have traffic lights or where there is uncontrolled movement
4. At T intersections where one has to yield to motorists already on the main road
5. When one needs to turn left into the main road, one needs to yield to oncoming vehicles on the main road
6. One one is moving from a parking lot to the pavement
In our case, rule number four applies since one needs to enter from a driveway alley or roadside to the main road. This means that one on the driveway needs to yield to vehicles already on the main road.
Answer:
$132,745.82
Explanation:
required investment = $290,000 + $49,000 + $5,900 + $59,000 = $403,900
depreciable amount = $49,000 + $5,900 = $54,900
Research and development costs are expensed, they cannot be capitalized. Increase in net working capital cannot be capitalized either.
MACRS depreciation expense for year 1 under 8 year class life = 14.29%
depreciation expense year 1 = $54,900 x 14.29% = $7,845.21
net cash flow year 1 = [($390,000 - $190,000 - $7,845.21) x (1 - 35%)] + $7,845.21 = ($192,154.79 x 0.65) + $7,845.21 = $124,900.61 + $7,845.21 = $132,745.82
