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omeli [17]
3 years ago
12

Carolina City places an order for a specific item of equipment and encumbers $6,000 for that item. The equipment arrives with an

invoice for $5,700. Which of the following entries should the city make upon receipt of the equipment?
a) A debit to expenditures for $5,700, a debit to accounts payable for $300, and a credit to encumbrances for $6,000.
b) A debit to expenditures for $5,700, a debit to reserve for encumbrances for $6,000, a credit to accounts payable for $5,700, and a credit to encumbrances for $6,000.
c) A debit to expenditures for $5,700, a debit to reserve for encumbrances for $300, and a credit to accounts payable for $6,000.
d) A debit to expenditures for $300, a debit to reserve for encumbrances for $5,700, and a credit to encumbrances for $6,000.
Business
1 answer:
IceJOKER [234]3 years ago
7 0

Answer:

Dont care about your questions

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Explanation:

a) Data and Calculations:

                                   Make       Buy

Variable cost per unit   $5            $6

Fixed cost per unit          2              2

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Cost saving = ($14,700)

b) Based on the above calculations, it benefits Manson more to produce the part internally than to buy from an outside supplier.  There is a cost difference of $1 because the fixed costs will still be incurred whatever decision is taken.

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