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2 years ago

Faughn Corporation has provided the following data concerning manufacturing overhead for July:

1 answer:

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Answer: D. Manufacturing overhead was underapplied by $10,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $253,000

Explanation:

The Manufacturing overhead applied is less than the actual manufacturing overhead incurred by:

= 79,000 - 69,000

= $10,000

Manufacturing overhead is therefore underapplied as the amount applied is too low to cover the amount incurred.

The Cost of Goods sold after closing out is:

= Cost of goods sold before closing out + Underapplied manufacturing overhead

= 243,000 + 10,000

= $253,000

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Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost

arsen [322]

Answer:

A.Dr Materials 504,800

Cr Account payable 504,800

B.Dr Work in process 487,300

Dr Factory overhead 4500

Cr Materials 491,800

C.Fabric Ployester filling Lumber Glue

$29,400 $16,100 $30,400 $6,500

Explanation:

Entries for Materials Kingsford Furnishings

a) Journal entry

Fabric $96,600

Polyester filling 134,300

Lumber 264,700

Glue 9,200

Total 504,800

Dr Materials 504,800

Cr Account payable 504,800

b) Journal entry

Dr Work in process 487,300

(491,800-4500)

Dr Factory overhead 4500

Cr Materials 491,800

c) Calculation of the ending balance

Fabric Ployester filling Lumber Glue

Beginning balance

$19,100 5,700 42,800 1,800

Purchase

$96,600 134,300 264,700 9,200

Used

-$86,300 -$123,900 -$277,100 -$4,500

Ending balance

$29,400 $16,100 $30,400 $6,500

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3 years ago

A prospective buyer is interested in purchasing a vacant lot in a rural subdivision. The buyer wishes to know about sewer assess

yanalaym [24]

Answer:

Real Estate Law Commissioner

Explanation:

Based on the information in the question it can be said that the source that provides all of this information is the Real Estate Law Commissioner. Other than creating and enforcing real estate law, the commissioner acts as the source that provides all of the information being requested in the question including sewer assessments, liens, utilities to the lot, blanket encumbrances and street maintenance.

If you have any more questions feel free to ask away at Brainly.

4 0

2 years ago

Companies choose to Vertically Integrate for all of the following reasons, except____________.a. The company can perform the pro

QveST [7]

Answer:

The correct answer is letter "D": The company desires to enter new markets.

Explanation:

Vertical integration happens when a corporation buys other companies in the supply chain and manages them. There are two types of vertical integration: backward and forward. In backward vertical integration a corporation, like a manufacturer, owns companies that supply inputs to the manufacturing process for businesses.

In forward vertical integration, a business owns another company in the supply chain to get closer to the end customer.

Thus, vertical integration is not a technique companies use to enter new markets.

8 0

2 years ago

When total production is greater than total expenditures, __________ is produced than households want to buy, which leads to ___

Tom [10]

If the total production exceeds the total expenditures this means that there are more goods are produced than the demand of each households. Thus, this will lead to an increase of inventory. Then this will signal the manufacturing firm that they have overproduced the goods which will lead to cut back the production. This leads to lesser prices and/or unsold goods alongside with the likelihood of unemployment. Therefore the answer is d.

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3 years ago

For 115 consecutive days, a process engineer has measured the temperature of champagne bottles as they are made ready for servin

vaieri [72.5K]

Answer:

40° Fahrenheit

Explanation:

For an X-bar, the centre line is then average across all components. In this case, the average temperature across all 1150 bottles over 115 days will be 40° Fahrenheit as it is reported.

8 0

2 years ago