Mr. Dyer has decided to donate a large portion of his wealth to the fast growing Weinberg Scholarship Fund.

Starr Company reports the following information for August. Raw materials purchased on account $ 76,200 Direct materials used in

il63 [147K]

Answer:

1. Raw materials purchased.

Raw Materials Account $ 76,200 (debit)

Account Payable $ 76,200 (credit)

2. Direct materials used in production.

Work In Progress Account $48,000 (debit)

Raw Materials Account $48,000 (credit)

3. Direct labor used in production.

Work In Progress Account $15,350 (debit)

Wages and Salaries $15,350 (credit)

4. Applied overhead.

Work In Progress Account $18,360 (debit)

Manufacturing Overhead Account $18,360 (credit)

Explanation:

1. Raw materials purchased.

Raw Materials Account $ 76,200 (debit)

Account Payable $ 76,200 (credit)

Recognise the Assets of Raw Materials and a Liability - Account Receivable

2. Direct materials used in production.

Work In Progress Account $48,000 (debit)

Raw Materials Account $48,000 (credit)

De-recognise the Raw Materials used in production and recognise the cost in Work In Progress Account

3. Direct labor used in production.

Work In Progress Account $15,350 (debit)

Wages and Salaries $15,350 (credit)

Recognise the labor cost in Work In Progress Account and de-recognise the Wages and Salaries Account with the amount applied to production

4. Applied overhead.

Work In Progress Account $18,360 (debit)

Manufacturing Overhead Account $18,360 (credit)

De-recognise the Manufacturing Overheads used in production and recognise the cost in Work In Progress Account

4 0

3 years ago

The owner of a one-acre parcel of land with a small house on it rented the property to a professor of a nearby college at a mont

Ksivusya [100]

Answer: See explanation

Explanation:

Based on the information that were provided in the question, in a situation whereby the court rules in favor of the property owner, the most likely reason for this will be because the payment of the professor are as consistent just exactly as if they had a landlord-tenant relationship between them even though it was just an oral contract that they both had.

In this case, since the professor met his term of the agreement, then he should be given the property.

4 0

3 years ago

The most important information needed to determine if companies can pay their current obligations is the

Studentka2010 [4]

Answer:

the relationship between current assets and current liabilities

Explanation:

^

4 0

3 years ago

Accenture is involved in the transformation of an organization into a data-driven and intelligent enterprise. which ability does

Alex Ar [27]

To gather, re-organize, and store different categories of all raw data for easy and faster retrieval to capture, curate, and consume the right data sets

In the pursuit of knowledge, data is a collection of discrete pieces of information in a conceptual model that convey quantity, quality, fact, statistics, or other basic units of meaning in their most basic forms. A datum is a single item in a collection of data.

There are two forms of data: qualitative and quantitative data, which are further divided into four categories: nominal, ordinal, discrete, and continuous data.

A data dashboard is a tool used by businesses to track, analyze, and display data, typically to acquire a better understanding of the general health of the organization, a department, or even a specific procedure.

To know more about data follow the link:

brainly.com/question/26711803

#SPJ4

5 0

2 years ago

Are there items that would receive the same share?

max2010maxim [7]

Explanation:

Equal shares when added together give us the whole.

Equal shares can be used to divide either a single object or group of objects equally.

The result of an equal share can sometimes be a fraction.

5 0

3 years ago