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
barxatty [35]
2 years ago
14

Travers Manufacturing incurred $106,000 of direct labor and $11,000 of indirect labor. The proper journal entry to record these

events would include a debit to Work in Process for:
Business
1 answer:
olya-2409 [2.1K]2 years ago
3 0

Answer:

$117,000

Explanation:

All costs incurred in manufacturing a product are recorded in the Work in Process Account. The Debit entry on this Account shows the increase in costs and the credit entry shows the transfer of goods to Finished Goods Inventory

So the Work In Process Account must be debited with the Total labor Cost incurred of $117,000 ($106,000 direct labor + $11,000 indirect labor)

Conclusion :

The proper journal entry to record these events would include a debit to Work in Process for $117,000

You might be interested in
Wallace Container Company issued $100 par value preferred stock 10 years ago. The stock provided a 7 percent yield at the time o
pshichka [43]

Answer: kp = D/Po

               D = 0.07 X $100 = $7

               kp  = 7/63

               kp = 11.11%

Explanation: The dividend paid on the preferred stock is 7 percent of the par value and the current market price is $63. Thus, the cost of preferred stock can be obtained by dividing the dividend paid by the current market price of the preferred stocks.

3 0
2 years ago
An airport in Japan is planning to purchase a parcel of land for building additional executive hangars in five years. The price
Vsevolod [243]

Answer:

The airport should invest a uniform amount of A=$357,958.55

Explanation:

Hi

First of all, we need to know how much will cost the land in five years so we have, F=2000000*(1+0.05)=2100000, that means that the future value of the land will be $2'100,000.

Now we can use A=\frac{F}{\frac{(1+i)^{n} -1}{i} } with F=2100000, n=5 and i=8%, so we have A=\frac{2100000}{\frac{(1+008)^{5} -1}{0.08} }=357958.55

8 0
2 years ago
In the exact moment you run out of laundry detergent and realize you need to pick some up at the store, you are in the ________
shutvik [7]
In the exact moment you run out of laundry detergent and realize you need to pick some up at the store, you are in the problem recognition stage of the buying decision process. The problem recognition stage is realizing you have to make the purchase versus deciding to make the purchase of something. 
3 0
3 years ago
True or false: you always want the lowest possible deductible because it means you will pay less out of pocket in case of a loss
stiv31 [10]
The correct answer is false.

The given statement is false, why? You cannot always want the lowest deductible since it may only be applied once something has happened that points out towards you, or in other words, it is your fault. An example of lowest deductible is when you get into a car accident and it was your fault, the total repair cost of the vehicle is at 1,400.00 dollars, your lowest deductible would be around 500 dollars, wherein you have to add it to the balance before your insurance company pays for the rest
5 0
2 years ago
Mega Loan Company has very stringent credit requirements and, accordingly, has negligible losses from uncollectible accounts. Th
AfilCa [17]

Answer: The correct answer is "(A) Materiality.".

Explanation: The concept demonstrated is Materiality because by having a mechanism for preventing bad accounts through their strict requirements, they only recorded bad accounts when they actually existed, instead of making a provision.

6 0
3 years ago
Other questions:
  • Jackson's Programming paid its June rent of $500 cash. Demonstrate how to use the accounting equation to record the transaction
    5·1 answer
  • What can participation in school activities reveal about<br> your self?
    15·1 answer
  • As it become easier to sell an asset in the secondary market relative to alternative assets, holding everything else unchanged,
    11·1 answer
  • An economics professor, upset about the rising cost of textbooks, proposed that his department purchase 50 copies of a statistic
    5·1 answer
  • Devonaile inc. is a small-scale apparel manufacturer in florida. devonaile and other similar firms from florida collaborate and
    10·1 answer
  • 1. Descriptive statistics ________. quickly describe large amounts of data can predict future stock returns with surprising accu
    12·1 answer
  • One question you can expect to be asked during an interview is _____.
    11·2 answers
  • 1. What is the impact of government created price ceilings on the market place?
    6·1 answer
  • Employers will be evaluating your attitude and communication skills during an interview. Please select the best answer from the
    12·1 answer
  • Circuit Pro, a manufacturer of electrical circuits, wants to decrease the per-unit cost of making its products. Which incentive
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!