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maxonik [38]
2 years ago
14

A movie production studio incurred the following costs related to its current movie: Purchased office supplies on account: $36,0

00 Issued direct supplies: $22,509 Issued indirect supplies: $7,550 Time tickets showing direct labor: $32,503,220 Time tickets showing indirect labor: $574,322 Utilities expense on account: $957,320 Overhead applied: 10% of direct labor cost Create journal entries for the listed transactions. If an amount box does not require an entry, leave it blank.
Business
1 answer:
PilotLPTM [1.2K]2 years ago
4 0

Answer:

S/n   General Journal                   Debit        Credit

a.      Office supplies                  $36,000

              Account payable                              $36,000

b.      Work in process                $22,509  

              Office supplies                                 $22,509

c.      Manufacturing overhead   $7,550  

              Office supplies                                  $7,550

d.     Work in process                  $32,503,220

               Wages payable                                $32,503,220

e.     Manufacturing overhead    $574,327

               Wages payable                                $574,327

f.      Manufacturing overhead     $957,320

                Utilities payable                               $957,320

g.      Work in process                  $3,250,322

                 Manufacturing overhead                $3,250,322

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Jenna purchased 500 shares of XYZ stock for $10 per share. The stock paid the following dividends: Year 1: $0.25 per share Year
aleksley [76]

Based on the price of the stock and the dividend over the years, the time-weighted return of XYZ stock is 16.83%.

<h3>What is the time-weighted return of XYZ stock?</h3><h3 />

In this case, the Time weighted return can will be the same as the IRR so the IRR function on a spreadsheet can be used to find the return.

Year 0 return = -$10 per share

Year 1 = $0.25

Year 2 = $0.27

Year 3 = (0.29 + 15) = $15.29.

Time weighted return will be 16.83% as shown in the attachment.

Find out more on Weighted return at brainly.com/question/15885163.

8 0
1 year ago
Which type of data do researchers collect the personal interviews?
STALIN [3.7K]

Answer:

The correct answer is "Face-to-face interviews".

Explanation:

  • Face-to-face surveys or interviews are an important way of gathering information used throughout survey methodology.
  • Throughout these interviews, research teams are collecting location information from participants across one cooperation or bonding. This method of collecting information seems to be unique or even just highly personalized.
7 0
3 years ago
Assume you are in the 35 percent tax bracket and purchase a municipal bond with a yield of 7.25 percent. Use the formula present
balu736 [363]

Answer:

before tax corportate bond equivalent: 11.15%

Explanation:

The municipal bond are tax-free making them more attractive than normal corporate bonds.

thus, the municipal bond rate should be compare with the after tax rate of a corporate bond:

before tax rate ( 1 - tax rate) = after tax rate

<u>For this case:</u>

the after tax rate is 7.25%

and the tax bracket is 35%

before taxes ( 1 - 0.35) = 0.0725

0.0725/.65 = 0,1115384 = <em>11.15%</em>

3 0
2 years ago
Mentor Corp. has provided the following information for the current year: Units produced 3,500 units Sale price $ 200 per unit D
weqwewe [10]

Answer:

Hence, the unit product cost using absorption costing is $318

Explanation:

For computing the unit product cost, the following things is need to be considered.

1. Direct material = Production units ×  per unit material price

                           = 3,500 × $70

                           =$245,000

2. Direct labor = Production units × per unit labor price

                        = 3,500 × $55

                        = $192,500

3. Variable manufacturing overhead = Production units × per unit variable manufacturing price

                                                             = 3,500 × 20

                                                             = 70,000

4. Fixed manufacturing overhead = $350,000

6. Variable selling and administrative cost = Production units × per unit varaible selling price

= 3,500 × 30

= $105,000

7. Fixed selling and administrative costs = $150,000

Now add these all items and divide by number of units.

So, total cost is equal to

= $245,000 + $192,500 + $70,000 + $350,000 + $105,000 + $150,000

= $1,112,500

And, units produced is = 3,500 units

So, unit product cost = Total cost ÷ units produced

                                   = $1,112,500 ÷ 3,500

                                   = $318

Hence, the unit product cost using absorption costing is $318

7 0
3 years ago
Jeffrey is going to sell sporting apparel, which he has already purchased from manufacturers, and has signed a deal agreeing to
photoshop1234 [79]

Answer: Place.

Explanation:

The marketing mix are those parameters a marketer can influence to increase sales, the market mix include: promotion, price, product and place. Jeffrey has taken necessary steps to plan for other marketing mix except location (place) his product would be sold.

3 0
3 years ago
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