1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lozanna [386]
3 years ago
12

During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $8,800; indirect labor, $6,600; utili

ties cost, $4,800; and factory depreciation, $9,000. Journalize the entry to record the factory overhead incurred during May.
Business
1 answer:
Klio2033 [76]3 years ago
8 0

Answer:

Dr Factory Overhead $29,200

Cr Materials 8800

Cr Wages payable 6600 Cr Utilities Payable 4800

Cr Accumulated Depreciation-Factory 9000

Explanation:

Preparation of the entry to record the factory overhead incurred during May.

Dr Factory Overhead $29,200

($8,800 + $6,600 + $4,800 + $9,000)

Cr Materials 8800

Cr Wages payable 6600 Cr Utilities Payable 4800

Cr Accumulated Depreciation-Factory 9000

(To record the factory overhead incurred during May)

You might be interested in
On January 1, 2012, Coronado Industries purchased for $762000, equipment having a useful life of ten years and an estimated salv
kari74 [83]

Answer:

$45,800

Explanation:

Coronado Industries

Cost of Equipment $762,00

Accumulated Depreciation

( $762,000 - 45,000 ) /10*9 years

=$717,000/10×9 years

=71,700×9 years

=$645,300

Therefore Dec 31,2012 book value of equipment will be:

= $762,000 - $645,300

= $116,700

Equipment sold $162,500

The gain to be recognize will be

= $162,500 - $116,700

= $45,800

1 January ,2012 to 31 December,2020 will give us 9 years

4 0
2 years ago
Read 2 more answers
Who is responsible for filing your federal tax return?
Setler79 [48]
The answer is B, your employer:)
8 0
3 years ago
Pelzer Printing Inc. has bonds outstanding with 10 years left to maturity. The bonds have a 9% annual coupon rate and were issue
miv72 [106K]

Answer:

The answer is 9.85%

Explanation:

The number of periods N = 9years(10 years minus 1 year ago)

Yield to Maturity (I/Y) = ?

Present value of the bond (PV) = $950.70

Future value of the bond(FV) = $1,000

Annual payment (PMT) = $90 (9% x $1,000)

Using a financial calculator to solve the problem ( BA II plus Texas instruments):

Yield to Maturity (I/Y) = 9.85%

8 0
3 years ago
​Gulfcoast, Inc. purchased a van on January​ 1, 2019, for $ 900 comma 000. Estimated life of the van was five​ years, and its es
Zarrin [17]

Answer:

$740,200

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,  

Depreciation = (Cost - Salvage value)/Estimated useful life

Depreciation = (900,000 - 101,000)/5

= $159,800

Book value is the cost net accumulated depreciation

= $900,000 - $159,800

= $740,200

4 0
3 years ago
1. What is the lowest balance during this period?
RSB [31]
Actually for this type of question simply take a picture
Yah and the and is use a calculater
4 0
3 years ago
Other questions:
  • Mr. Hamid is running his small retail business under the name of Hamid Store. He has recently hired Mr. Imran as a junior accoun
    12·1 answer
  • Ethics training programs typically teach how to disguise unethical behavior and not how to avoid unethical behavior.
    7·1 answer
  • In the soda industry, production costs per unit continue to fall as the firm expands. in this type of industry, smaller rivals t
    11·1 answer
  • Unexpectedly high inflation tends to hurt ________ most
    15·1 answer
  • The financing section of a cash budget is needed if there is a cash deficiency or if the ending cash balance is less than Entry
    9·1 answer
  • John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of
    10·1 answer
  • You're the manager at company x and have been tasked with creating a plan that has the purpose of establishing specific objectiv
    8·1 answer
  • g Shanken Corp. issued a 30-year, 6.2 percent semiannual bond 7 years ago. The bond currently sells for 108 percent of its face
    15·1 answer
  • Why is important business plan ensure the success of the business ​
    11·2 answers
  • If the before-tax rate of return on a corporate bond is 7%, an individual in the 25% marginal tax bracket would earn a _____ rat
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!