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2 years ago

During the current month, Ringling Company incurs the following manufacturing costs:

Business

1 answer:

melisa1 [442]2 years ago

7 0

Answer:

Part a

Debit : Raw material $4,200

Credit : Accounts Payable $4,200

Part b

Debit : Salaries $18,000

Credit : Salaries Payable $18,000

Part c

Debit : Factory utilities $2,200

Debit : Factory Insurance $1,800

Debit : Depreciation $3,500

Credit : Overheads $7,500

Explanation:

The journal entries for each type of manufacturing cost have been prepared above.

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Rzqust [24]

Answer:

In creating the master budget, the second budget a company prepares is the production budget.

a. True

Explanation:

When a company prepares the master budget, it first prepares the sales budget, followed by the production budget. The production budget calculates the costs of materials, labor, and overhead based on the number of units to be manufactured within the budget period. The units of products are derived from the sales forecast and the planned amount of ending finished goods inventory.

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2 years ago

TopChop sells hairstyling franchises. TopChop receives $56,000 from a new franchisee for providing initial training, equipment a

valentina_108 [34]

Answer:

$73,500 is the revenue TopChop will recognize for the arrangement with Carlos.

Explanation:

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3 years ago

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vitfil [10]

The answer to the blank space of the statement is project manager.

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3 years ago

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ollegr [7]

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Please help:

Leviafan [203]

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