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3 years ago

Record the journal entry that would be made by a nongovernmental, not-for-profit organization involved in medical research.

Business

1 answer:

ra1l [238]3 years ago

6 0

Answer:

S/n Journal Entry Debit Credit

1 Cash $1,500

Contributions-Unrestricted $500

Contributions-Temporarily Restricted $1,000

2 Pledges Receivable $700,000

Contributions-Permanently Restricted $700,000

3 Medical Research Program Expenses $1,200

Contributions-Unrestricted $1,200

4 Medical Research Program Expenses $5,000

Cash $5,000

Net Assets Release - Satisfaction of $5,000

Program Restrictions - Temporarily

Restricted

Net Assets Released- Satisfaction of $5,000

Program Restrictions-Unrestricted

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tensa zangetsu [6.8K]

Answer:

Department M

Manufacturing overhead rate = $600,000/200,000 hrs = $3/hr

Department A

Manufacturing overhead rate = $400,000/800,000 hrs = $0.5/hr

Manufacturing overhead cost allocated:

Department M = $3 x 8,000 = $24,000

Department A = $0.5 x 12,000 = $6,000

Total manufacturing cost allocated = $30,000

Explanation:

This relates to overhead absorption. The manufacturing overhead rate is calculated as budgeted manufacturing overhead divided by budgeted direct labour hour.

Manufacturing overhead allocated = manufacturing overhead rate x actual labour hour for each department for the job.

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4 years ago

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kaheart [24]

Answer:

Unsystematic risk

Explanation:

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Unsystematic risk essentially are those unique individual assets for example. if we invest in company stock, risk associated with factors like bad management , law suit against a company, defect in company;s products are example of unique or systematic risks

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4 years ago

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Is there any answer choices ?

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3 years ago

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NeX [460]

Answer: Option (B)

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3 years ago

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jolli1 [7]

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2 years ago