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
Digiron [165]
3 years ago
10

In January, Knox Company requisitions raw materials for production as follows: Job 1 $936, Job 2 $1,690, Job 3 $767, and general

factory use $667.
Prepare a summary journal entry to record raw materials used:

DEBIT CREDIT
Work in Process Inventory
Jan 31. Manufacturing Overhead
Raw Materials Inventory
Business
1 answer:
oksano4ka [1.4K]3 years ago
5 0

Answer:

Materials used in production go to Work in Process so;

= 936 + 1,690 + 767

= $3,393

The materials used in the general factory will go to Manufacturing Overhead.

Date                                                                         Debit                   Credit

Jan 31   Work in Process                                     $3,393

             Manufacturing Overhead                      $   667

             Raw Materials Inventory                                                    $4,060

You might be interested in
Standard Quantities Allowed of Labor and MaterialsMiel Company produces ready-to-cook oatmeal. Each carton of oatmeal requires 1
jok3333 [9.3K]

Answer:

Part I :

1) Total amount of oats allowed = 960000*16 = 15360000 ounce

2) Total amount of labor hours allowed = 960000*.04 = 38400 Hours

<u>Part II : </u>

1) Total amount of oats allowed = 750000*17 = 12750000 ounce

2) Total amount of labor hours allowed = 750000*.04 = 30000 Hours

4 0
3 years ago
The table below describes the total and marginal benefit elvis gets from fried peanut butter and banana sandwiches. elvis' fried
ycow [4]
I looked up the question, since this one is incomplete. I've attached an image of the correct chart. Elvis' marginal benefit of the fourth sandwich is his total benefit of eating 4 sandwich minus his total benefit from eating 3 sandwiches.

Looking at the chart, we see that this gives us 81-75 = 6. 

Therefore, the Marginal Benefit of a fourth sandwich is 6. 

6 0
3 years ago
Which of the following is an advantage of consumer credit? a) It costs more than cash purchases. b) It can encourage customers t
forsale [732]

Answer:

The answer is D

Explanation:

7 0
3 years ago
In PowerPoint, where do you enter data for a chart?
sammy [17]
The answer is b. In a table that is provided
8 0
3 years ago
Read 2 more answers
A company that has been subject to Securities Exchange Act of 1934 reporting requirements for five years and has an aggregate wo
pickupchik [31]

accelerated filer, A company reporting requirements for five years and has an aggregate worldwide market cap of $300 million is an accelerated filer.

More about accelerated filer?

A publicly traded company that, as of the end of its fiscal year, satisfies each of the following requirements:

  • As of the final business day of the company's most recent completed second fiscal quarter, the total worldwide market value of the voting and non-voting common equity held by its non-affiliates (or public float) was $75 million or more but less than $700 million.
  • For at least 12 months, the company has been required to report in accordance with Sections 13(a) or 15(d) of the Exchange Act.
  • The business has previously submitted at least one annual report in accordance with Exchange Act Sections 13(a) or 15(d).
  • The company does not meet the revenue requirements (which include those listed below), so it is not eligible for smaller reporting company status.

Learn more about accelerated filer here: brainly.com/question/14855960

#SPJ4

7 0
1 year ago
Other questions:
  • Andrews Corp. ended the year carrying $153,576,000 worth of inventory. Had they sold their entire inventory at their current pri
    6·1 answer
  • Demands by customers for companies to become more ethically and environmentally focused have placed added pressures on firms to
    8·1 answer
  • When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that ap
    12·1 answer
  • Mark and julie are going to sell brownies and cookies for their third annual fundraiser bake sale. In one day, mark can make 40
    10·1 answer
  • Assets that are not expected to provide benefits for a number of accounting periods are called __________.
    8·2 answers
  • According to the product life-cycle theory, the locus of global production initially switches from the United States to other ad
    11·1 answer
  • Which is bigger, in size? 300oz/900g OR 3.5lb
    9·2 answers
  • The Internet allows consumers to access information on-demand about products. This is an example of which kind of marketing util
    11·1 answer
  • The December 31, 2020 balance sheet of Barone Company had Accounts Receivable of $400,000 and a credit balance in Allowance for
    6·1 answer
  • which type of retailer is most likely to require its employees to focus most on assisting customers as they shop?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!