1. The ABC Company is producing an item at unit cost of birr 4.

On November 1, Arvelo Corporation had $40,500 of raw materials on hand. During the 9) month, the company purchased an additional

Tanya [424]

Answer:

Account Debit Credit

Work in process $73,300

($78,000-$4,700)

Manufacturing overhead $4,700

Raw material $78,000

Option D is correct($78,000)

Explanation:

Journal Entries:

They help to keep track of transactions as debited and credited. It helps to manage accounts and shows all the details of transactions.

Since total of $78,000 raw materials were requisitioned from the storeroom for use production. So it is credited as Raw material n journal. Indirect material is $4,700 acts as manufacturing overhead in journal as debit and remaining will be work in process (($78,000-$4,700)) as debit.

Journal entries to record these events:

Account Debit Credit

Work in process $73,300

($78,000-$4,700)

Manufacturing overhead $4,700

Raw material $78,000

Part B:

Option D is correct($78,000)

The credits to the Raw Materials account for the month of November total is $78,000.

5 0

3 years ago

Blue Jeans Co.., can produce 1,300 pairs of pants per hour, at maximum efficiency. There are three eight-hour shifts each day. D

MrRissso [65]

Answer:

500,000 units

Explanation:

Since the demand is likely to be 500,000 units, the master budget capacity utilization level for this budget period will be limited to 500,000 units. The master-budget capacity utilization level is the level of capacity utilization that managers expect for the current budget period.

3 0

3 years ago

Record the following transactions for Summer Consulting. Explanations are not required.

Anvisha [2.4K]

Answer:

Apr. 15

Dr Accounts Receivable—Jones $1,500

Cr Service Revenue $1,500

Apr. 18

Dr Accounts Receivable—Cruise $865

Cr Service Revenue $865

Apr. 25

Dr Cash $750

Cr Accounts Receivable—Jones $750

Apr. 28

Dr Accounts Receivable—Taylor $625

Cr Service Revenue $625

Apr. 28

Dr Cash $865

Cr Accounts Receivable—Cruise $865

Apr. 30

Dr Cash $1,375

Cr Accounts Receivable—Jones $750

Cr Accounts Receivable—Taylor $625

Explanation:

Preparation of journal entries

Apr. 15

Dr Accounts Receivable—Jones $1,500

Cr Service Revenue $1,500

Apr. 18

Dr Accounts Receivable—Cruise $865

Cr Service Revenue $865

Apr. 25

Dr Cash $750

Cr Accounts Receivable—Jones $750

Apr. 28

Dr Accounts Receivable—Taylor $625

Cr Service Revenue $625

Apr. 28

Dr Cash $865

Cr Accounts Receivable—Cruise $865

Apr. 30

Dr Cash $1,375

Cr Accounts Receivable—Jones $750

Cr Accounts Receivable—Taylor $625

8 0

2 years ago

By showing a thorough understanding of your survey results, organizing your content in a clear manner, and generally showing you

egoroff_w [7]

Answer:

competence

Explanation:

Credibility is defined as the ability of an endeavour or individual to inspire confidence by those interested in it.

Credibility has 3 aspects - caring, character, and competence.

Competence is the ability of an individual to demonstrate adequate knowledge, skill, strenght, or judgement with regards to a particular area of interest.

In the given instance where one is showing a thorough understanding of your survey results, organizing your content in a clear manner, and generally showing you are prepared for this presentation. He is demonstrating competence

5 0

3 years ago

Fresh Dairy, Inc., is the offeror and Gelato Ice Cream Company is the offeree under a unilateral sales contract in whichHector’s

OLEGan [10]

Answer c. Must contact fresh dairy

6 0

3 years ago