Answer:
Total Cost of the Job $
Direct materials 480
Direct labour 150
Additional labour 100
Applied overhead 600
Total cost 1,330
The total amount to be transferred to finished goods inventory in November is $1,330.
Explanation:
The total cost of the job is the total of direct material, direct labour, additional labour and manufacturing overhead applied. The additional labour cost is considered because it is required to complete the job.
Answer:
<em>Collections for September is $ 57,100</em>
Explanation:
Computation of cash receipts for September
Collections from cash sales of September $ 5,000
Collections from credit sales of August - 57 % of $ 50,000 $ 28,500
Collections from credit sales of September 40 % of $ 59,001 <u>$ 23,600 </u>
Total collections for September $ 57,100
Answer:
$57,600
Explanation:
The computation of the increase in Piper's deferred income tax liability for this temporary difference is shown below:-
Purchase of voting Common stock of Betz inc. by Piper Corp.= ( Betz's reported earnings - Betz Paid Dividends ) × (Percentage of the voting Common stock of Betz inc.)
= ($720,000 - $240,000) × 40%
= $480,000 × 40%
= $192,000
Now, the rise in Piper's deferred income tax liability for this temporary difference is
Purchase of voting Common stock of Betz inc. by Piper Corp. × enacted tax rate
= $192,000 × 30%
= $57,600
Answer:
B) upward communication
Explanation:
Upward Communication -
It refers to the flow of information from the lower level to the higher level in the company, is referred to as upward communication.
The method helps to pull out thought and innovative technique from all the employees working in the company , and is used for the betterment of the company.
It helps to have a healthy conversation and decision making process, which helps the company to grow.
Hence, from the question,
The company Munchkin takes idea from all the employees and tries to implement it into the company, thereby showcasing the method of upward communication.
Answer:
The journal entry is as follows:
Cash A/c Dr. $ 25,437.50
To Notes Receivable A/c $25,000
To Interest revenue A/c $437.50
(To record the collection of the note and interest at maturity)
Working notes:
Interest for 90 Days:
= Note value × Interest rate × Time period
= $25,000 × 0.07 × (90/360) days
= $437.50
