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romanna [79]
3 years ago
9

Which of the following is the correct journal entry to record manufacturing overhead incurred? Finished Goods Inventory xx Manuf

acturing Overhead Control xx Manufacturing Overhead Control xx Work in Process Inventory xx Manufacturing Overhead Control xx Cash or other Payables xx Work in Process Inventory xx Manufacturing Overhead Control xx
Business
1 answer:
Elden [556K]3 years ago
7 0

Answer:

Work in Process Inventory xx Manufacturing Overhead Control xx

Explanation:

Based on the information given WORK IN PROCESS INVENTORY in which overhead are applied are DEBITED and MANUFACTURING OVERHEAD are CREDITED while The actual manufacturing overhead as well as the overhead applied are adjusted at year end.

Therefore the correct journal entry to record manufacturing overhead incurred will be:

Dr Work in Process Inventory xx

Cr Manufacturing Overhead Control xx

(To record manufacturing overhead incurred)

will

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c. smoke-roasting

Explanation:

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3 years ago
What is the purpose of writing a topic sentence?
Mnenie [13.5K]

Answer:

The correct answer is option C. To summarize the main point of the paragraph

Explanation:

A topic sentence is the most important part of a paragraph. The main purpose of a topic sentence is to provide a concise statement that reflects the purpose of the paragraph or the information that is going to be provided in the paragraph effectively.

It is usually the first sentence of a paragraph and becomes the opening statement of a paragraph in formal writings.

I hope the answer is helpful.

4 0
3 years ago
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DuPont system of analysis Use the following ratio information for Johnson International and the industry averages for​ Johnson's
Verizon [17]

Answer:

a) DuPont analysis for Johnson International

2013: 0.059 x 2.11 x 1.75 = 0.2179 = 21.79%

2014: 0.058 x 2.18 x 1.75 = 0.2213 = 22.13%

2015: 0.049 x 2.34 x 1.85 = 0.2121 = 21.21%

b) DuPont analysis for industry averages

2013: 0.054 x 2.05 x 1.67 = 0.2121 = 21.21%

2014: 0.047 x 2.13 x 1.69 = 0.1692 = 16.92%

2015: 0.041 x 2.15 x 1.64 = 0.1446 = 14.46%

c) Johnson International's drivers follow the same tendency as the industry's average, e.g. net profit margin decreased in a similar manner, and total asset turnover increased also in a similar manner to the industry's average. The only driver that doesn't follow the industry's trend is financial leverage. While other companies in the same industry decreased their financial leverage, Johnson increased it. You should further analyze why this happened and what are the potential consequences.

Explanation:

The DuPont analysis is used to break down ROE into 3 different components and that way you can analyze whether a company's high ROE comes along with a high risk. The following formula is used to calculate ROE based on 3 different factors:

R OE = net pro fit margin x total assets turnover x financial leverage

8 0
3 years ago
Which health/safety law requires continued health insurance coverage (paid by employee) following termination?
Aleks04 [339]

Consolidated Omnibus Budget Reconciliation Act (COBRA) is a law that gives workers the right or permission to temporarily keep their medical coverage provided by their health plan after termination.

<h3>What is COBRA?</h3>

It is a federal health/safety law, passed in 1985, that allows workers after termination the right to stay in the same health insurance plan they previously had.

It seeks for workers and their families to continue their employer-sponsored “job” insurance if that insurance would end due to job loss or divorce or death in the family.

Therefore, we can conclude that COBRA is a law that gives workers the right or permission to temporarily keep their medical coverage provided by their health plan after termination.

Learn more about Consolidated Omnibus Budget Reconciliation Act here: brainly.com/question/8891400

3 0
2 years ago
Silvia's Studio provided $200 of dance instruction and rented out its dance studio to the same client for another $125. The clie
guapka [62]

Answer:

The general journal entry to be made is:

Dr  Cash($200+$125)                                $325

Cr Revenue from services provided                      $200

Cr Revenue from rental services                            $125

Explanation:

The sales revenue is made up of dance and rental services which implies that the account for each is credited with $200 and $125 respectively as increase in income naturally is credited to revenue.

On other hand the receipt of cash of $200 as well as $125 which sums up to $325 implies that cash has increased by the same amount, since cash is an asset an increase in asset has a debit entry, that justifies the reason for debiting cash account with $325

8 0
3 years ago
Read 2 more answers
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