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stich3 [128]
4 years ago
7

Prepare the journal entries needed based on the following information: Estimated overhead for the month: $6,000 Estimated direct

labor hours: 2,000 Purchased $35,000 of materials Requisitioned $10,000 of materials to be placed into production Incurred $4,000 of direct labor during the month (500 hours) Incurred the following actual factory overhead amounts: Utilities: $1,000 Indirect materials: $500 Indirect labor: $1,000 Rent: $1,500 Completed two jobs with a cost of $18,000 Sold both jobs completed at price
Business
1 answer:
daser333 [38]4 years ago
7 0
DnzkkJsjsjsjskjsjsjsjdjdjsjsjjsjsjsjsjsjsjskssj <3 sorry I can’t solve this it’s very hard
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A bank has an 8 percent reserve requirement, $10,000 in deposits, and has loaned out all it can, given the reserve requirement.
Katen [24]

Answer:

c. It has $800 in reserves and $9,200 in loans.

Explanation:

Calculation to determine the given reserve requirement

Reserves=8%*$10,000

Reserves=$800

Loans=$10,000-$800

Loans=$9,200

Therefore given the reserve requirement It has $800 in reserves and $9,200 in loans.

8 0
3 years ago
Smart Stream Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and
weqwewe [10]

Answer:

A. $2,400,000

B. $36

C. $49

Explanation:

Base on the scenario been described in the question, we can use the following method to solve the given problem

a. Ascertain the variable costs and the variable cost amount per unit for the production and sale of 10,000 cellular phones:

The total variable cost = $2,400,000

Variable cost per unit =$240

help_outline

fullscreen

b. Ascertain the variable cost mark-up percentage for cellular phones:

Compute the desired ROI per unit:

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Compute the Fixed co

An attached image in given for the calculations

4 0
4 years ago
A ____ is used for an office or small campus, with segment distances measured in tens of meters. it may have only a few hosts, o
Eva8 [605]
The answer is "LAN".

A local area network (LAN) refers to a group of PCs and related gadgets that offer and share a typical interchanges or common communications line or remote connect to a server. Commonly, a LAN incorporates PCs and peripherals associated with a server inside an unmistakable geographic region, for example, an office or a business foundation.
8 0
3 years ago
On January 15, 2019, Vern purchased the rights to a mineral interest for $3,500,000. At that time, it was estimated that the rec
boyakko [2]

Answer:

Depletion expense for the year is $280,000

Explanation:

Depletion per unit = $3,500,000/ 500,000 = 7  per unit

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Percentage depletion = (800,000 - 500,000) * 22% = 66,000

Since cost depletion is greater than percentage depletion, cost depletion is deducted.

Depletion expense for the year is $280,000

4 0
3 years ago
When a manager compares employees to each other rather than to job performance standards in the performance review process, this
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The answer is <span>Contrast error
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3 years ago
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