In the early 1900s, John D. Rockefeller bought out other companies or drove

First Class, Inc., expects to sell 22,000 pool cues for $12.00 each. Direct materials costs are $4.00, direct manufacturing la

MatroZZZ [7]

Answer:

budgeted costs for direct materials

$88,000

budgeted direct manufacturing labor

$132,000

budgeted manufacturing overhead

$18,480

Explanation:

Direct materials costs are $4.00 per pool cue.

Direct manufacturing labor is $6.00 per pool cue.

Manufacturing overhead is $0.84 per pool cue.

total budgeted direct materials = 22,000 x $4 = $88,000

total budgeted direct labor = 22,000 x $6 = $132,000

total budgeted manufacturing overhead = 22,000 x $0.84 = $18,480

The information about the beginning and ending inventories is not relevant to this question since it only deals with budgeted or estimated costs which may or may not differ from actual costs.

3 0

3 years ago

SCREEN SHOT / MAX POINTS / WILL MARK BRAINLIEST Match the term to the definition. mixed economy The method a country uses to ans

Stolb23 [73]

Answer:

Mixed economy - combined elements of the command and market economies

Market economy- The resources are owned and controlled by the people of the country

Economic system - The method a country uses to answer the three economic questions market economy

Traditional economy- Goods and services are produced the way it has always been done

Capitalism- The private ownership of economic resources by individuals, rather than by the government

Command economy- The resources are owned and controlled by the government command economy

3 0

3 years ago

Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial balance

andriy [413]

Answer:

1. Record each transaction in the journal. Explanations are not required.

April 1

Dr Cash 70,000

Cr Common stock 70,000

April 3

Dr Office supplies 1,100

Dr Furniture 1,300

Cr Accounts payable 2,400

April 4

Dr Cash 2,000

Cr Service revenue 2,000

April 7

Dr Land 30,000

Dr Building 150,000

Cr Cash 40,000

Cr Notes payable 140,000

April 11

Dr Accounts receivable 400

Cr Service revenue 400

April 15

Dr Salaries expense 1,200

Cr Cash 1,200

April 16

Dr Accounts payable 1,100

Cr Cash 1,100

April 18

Dr Cash 2,700

Cr Service revenue 2,700

April 19

Dr Accounts receivable 1,700

Cr Service revenue 1,700

April 25

Dr Utilities expense 650

Cr Accounts payable 650

April 28

Dr Cash 1,100

Cr Accounts receivable 1,100

April 29

Dr Prepaid insurance 3,600

Cr Cash 3,600

April 29

Dr Salaries expense 1,200

Cr Cash 1,200

April 30

Dr Rent expense 2,100

Cr Cash 2,100

April 30

Dr Dividends 3,200

Cr Cash 3,200

2. Open the following four-column accounts including account numbers:

3. Post the journal entries to four-column accounts in the ledger,

I used an excel spreadsheet to answer questions 2 and 3

4. Prepare the trial balance of Theodore McMahon, Attorney, at April 30, 2018.

In order to prepare a trial balance we must prepare an income statement first.

Service revenue $6,800

Salaries expense -$2,400

Rent expense -$2,100

Utilities expense -$650

Net income $1,650

retained earnings = net income - dividends = $1,650 - $3,200 = -$1,550

Theodore McMahon, Attorney

Balance Sheet

For the Month Ended April 30, 2018

Assets:

Cash $23,400

Accounts receivable $1,000

Prepaid insurance $3,600

Office supplies $1,100

Furniture $1,300

Land $30,000

Building $150,000

Total assets: $210,400

Liabilities and Equity:

Accounts payable $1,950

Notes payable $140,000

Common stock $70,000

Retained earnings ($1,550)

Total liabilities and equity: $210,400

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pdf

7 0

3 years ago

some countries' governments do not put any limits on the purchase of foreign currency for residents and nonresidents. these coun

max2010maxim [7]

Some countries' governments do not put any limits on the purchase of foreign currency for residents and nonresidents. these countries have a freely convertible currency.

Currency is the unit of price of money that is agreed upon by the government and its people in a country. A country has its own currency, although there are several countries that have the same type of currency. For example, in Indonesia, the currency is Rupiah, while in Japan the currency is Yen. Meanwhile, countries that use the same currency include America, Ecuador, Cambodia, Panama, and the British Indian Ocean Region.

In addition, currency can also be defined as a medium of exchange for goods and services. The party or institution that has the absolute right to issue currency is the government and its central bank.

You can learn more about Currency here brainly.com/question/14372075

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4 0

1 year ago

Mattel Inc.'s2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,02

Sophie [7]

Answer:

A. 22.4%

Explanation:

Income TAXES

Operating profit before interest and tax $ 519.233

Net nonoperating expense before tax -$ 109.491

Subtotal $ 409.742

Provision for income taxes -$ 91.720 -22,4%

Net Income $ 318.022

3 0

3 years ago