A lot of points

Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The follow

taurus [48]

Answer:

a. raw materials purchases

raw materials 505,000 debit

account payable 505,000 credit

b. direct materials usage

Weaving WIP 304,000 debit

Sewing WIP 84,000 debit

Raw Materials 388,000 credit

c. indirect materials usage

Factory overhead 164,000 debit

Raw Materials 164,000 credit

d. direct labor usage

Weaving WIP 1,275,000 debit

Sewing WIP 485,000 debit

Wages Payables 1,760,000 credit

e . indirect labor usage

Factory overhead 1,525,000 debit

Wages Payables 1,525,000 credit

f. other overhead costs

Factory Overhead 186,000 debit

Other Account Payable 186,000 credit

g. overhead applied

Weaving WIP 1,083,750 debit

Sewing WIP 751,750 debit

factory Overhead 1,760,000 credit

h. payment of total wages costs.

Wages Payable 3,285,000 debit

Cash 3,285,000 credit

Explanation:

the direct cost is assigned to each department while the indirect cost into factory overhead

g) overhead calculations:

Weaving $1,275,000 labor x 85% = 1,083,750

Sewing $ 485,000 labor x 155% = 751,750

Total applied overehead: 1,835,500

h) total wages cost:

Wages payable T-account

DEBIT CREDIT

--------------------------------------

d) 1,760,000

e) 1,525,000

Balance 3,285,000

6 0

3 years ago

Which of the following elements determine an organization’s structure in “The National Bank”?

muminat

Answer:

b. all of the above

Explanation:

The correct answer is that all of the above determine an organization's structure.

The organization's mission determines its structure because it establishes the main goal of the organization, and everything in the organization is ultimately determined by that.

The organization's strategy also determines its structure because it establishes the departments, employees, and actions, similar to the way that the mission determines these things.

Finally, the organization's size is obviously related to its structure. A large organization will have a more complex structure than a smaller organization for example.

4 0

3 years ago

Dooling Corporation reported balances in the following accounts for the current year: Beginning Ending Inventories $600 $300 Acc

irina1246 [14]

Answer:

$7,000

Explanation:

4 0

2 years ago

Assume U.S. and Swiss investors require a real rate of return of 3%. Assume the nominal U.S. interest rate is 6% and the nominal

DanielleElmas [232]

Answer:

Option E

Explanation:

Assume U.S. and Swiss investors require a real rate of return of 3%. Assume the nominal U.S. interest rate is 6% and the nominal Swiss rate is 4%. According to the international Fisher effect, the franc will appreciate by about 2% .

6 0

3 years ago

Read 2 more answers

Housing subsidies for low-income households:__________.

Trava [24]

Answer:

D. represent a non-cash transfer.

Explanation:

Subsidized Housing is simply a form of housing where financial incentive is somehow given or provided in the form of a direct payment or tax relief to the housing developer, individual renter e.t.c.

Subsidy is said to be an incentive financial) give in the form of a direct payment or tax relief to the housing developer, property owner, or individual renter.

Low-Income Households are usually a households whose incomes do not surpass 80% of the median income for the area as stated by the department of housing and urban development.

8 0

3 years ago