Answer:
units required to be produced 217,000
Explanation:
expected sales for the period 208,000
desired ending inventory <u> 27,000 </u>
total units required 235,000
beginning units <u> ( 18,000 ) </u>
units required to be produced 217,000
The company needs units to fullfil teir sales bdget and desired ending invenoty.
the beginning inventory already complete a portion of the requirement so is the difference what determinates the required units to be produced.
Answer:
$200,000
Explanation:
Asset is recorded in the books on a value of the consideration paid at the time to acquire the asset. In this question the building is purchased by issuing $200,000 (10,000 shares x $20) value of shares.So, the building should be recorded at a value of $200,000 in the books.
The Journal Entry for the transaction is as follow:
Dr. Building $200,000
Cr. Common Stock (10,000 x $4) $40,000
Cr. Add-in-Capital common stock ($200,000-$40,000) $160,000
Answer:
Right
Explanation:
Right if you expect tax rates to go up or because right now you are starting your career and your tax bracket would be lower now than what it will be later on. When you are older and in retirement, you would want to save your money and not have to worry about any taxes.
Answer:
$12,200
Explanation:
Calculation to determine the amount of interest expense was recorded for the period of January 1 to April 30, 2018
Interest expense=$305,000*12%*4/12
Interest expense=$12,200
Therefore the amount of interest expense was recorded for the period of January 1 to April 30, 2018 is $12,200
Answer: Manufacturing overhead for the month was underapplied by $19,000.
Explanation:
From the question, we are informed that before the closing of the overapplied or underapplied balance to cost of goods sold, the total of the debits to the manufacturing overhead account was $75,000 and the total of the credits to the account was $56,000.
This implies that the manufacturing overhead for the month was underapplied by ($75000 - $56000)= $19000. The manufacturing overhead debit balance shows that manufacturing overhead was simply underapplied in this case.
