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
The preemptive right is important to shareholders because it a. protects bondholders, and thus enables the firm to issue debt wi
Rom4ik [11]

Answer:

b. protects the current shareholders against a dilution of their ownership interests.

Explanation:

Shares are ownership interests that are owned by business owners and measures the degree to which an individual has a stake in a company.

Preemtive right occurs when a shareholder has a right to purchase a particular portion of newly issued shares.

For example if an individual has 40,000 shares and additional 250,000 shares are issued, he can have the right to purchase an additional 30,000 of the new shares.

The preemtive right prevents dilution of ownership interests by ensuring old stockholders have a stake in newly issued shares.

7 0
3 years ago
Novak Company uses a perpetual inventory system. Its beginning inventory consists of 113 units that cost $77 each. During June,
Deffense [45]

Answer:

Novak Company Journal. $

June 1

1. Purchases Dr. 26,026

Vendor. Cr. 26,026

Narration purchase of stock

2.Vendor Dr 1078

Return outward Cr. 1078

Narration. Return on goods purchased.

3. Customer Dr 31753

Sales. Cr. 31753

Narration. Good sold to customer

5 0
2 years ago
Elon Musk is the product architect who developed the famous Tesla electric car. This car is one of several ideas and businesses
snow_tiger [21]

Answer:

The correct answer is innovative.

Explanation:

In business terms, innovation is something that is not often seen, since many for fear of risk and investment do not dare to generate new things. The comfort of continuing with what is already established is the enemy of innovation. But this attitude of facing business also has complications, since the lack of innovation and risk can end a company.

5 0
3 years ago
On average, companies that create plans have larger profits and grow much faster than companies that don't. true false
Murrr4er [49]
False - because not every business plans work
3 0
2 years ago
_____________ measures how changes in price affect the quantity of product demanded.
Margaret [11]

Price elasticity of demand measures how changes in price affect the quantity of product demanded. A good or service's price elasticity of demand is calculated by dividing percentage change in the amount sought by percentage change in the price.

The ratio of the percentage change in quantity supplied to the percentage change in price is  price elasticity of supply. A good or service's price elasticity of demand is calculated by dividing percentage change in  amount sought by the percentage change in price.

The ratio of percentage change in quantity supplied to percentage change in price is  price elasticity of supply.

To learn more about price elasticity, click here

brainly.com/question/13691796

#SPJ4

5 0
1 year ago
Other questions:
  • Indicate whether each of the following statements is true or false. 1. The corporation is an entity separate and distinct from i
    5·1 answer
  • Tom, age 13, is claimed as a dependent by his parents. Tom has unearned income of $3,400 and $300 of income from mowing lawns in
    9·1 answer
  • Which of the following is true of open market operations? Select the correct answer below: Open market operations involves the b
    10·2 answers
  • What might be considered an example of a ruthless business tactic?
    7·1 answer
  • Sweet Dreams sells 15,000 pillows per year for $25 per unit. Variable cost per unit is $14. Sweet Dreams wants to improve custom
    14·1 answer
  • Suppose the u.s. house of representatives is debating a bill to fund construction and maintenance for the nation's highway syste
    5·1 answer
  • Organizational behavior clearly indicates that managers should be held accountable for task performance results but not job sati
    11·1 answer
  • g If a monopolist is producing a level of output where MR exceeds MC, then it should Group of answer choices Lower its output. N
    7·1 answer
  • In the ocean, the greatest amount of heat from incoming solar radiation would transfer to ___
    8·1 answer
  • the additional incentive that the purchaser of a treasury security requires to buy a long-term security rather than a short-term
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!