Which of the following best

Eclipse Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Fact

Korolek [52]

Answer and Explanation:

The computation is shown below:

a. Factory overhead rate for Factory 1 is

= Estimated factory overhead cost ÷ Estimated machine hours for the year

= $1,516,700 ÷ 52,300

= $29

b. Factory overhead rate for Factory 2 is

= Estimated factory overhead cost ÷ Estimated direct labor hours for the year

= $1,074,600 ÷ 29,850

= $36

c. The journal entry is shown below:-

1. Work in process Dr, $126,150 (4,350 × $29)

To Factory overhead $126,150

(To record the factory overhead)

2. Work in process Dr, $97,200 (2700 × $36)

To Factory overhead $97,200

(To record the factory overhead)

d. The balance of the factory overhead amounts for each factory as follows:

For Factory 1

= $124,880 - $126,150

= $1,270 Credit Overapplied

For Factory 2

= $98,910 - $97,200

= $1,710 Debit Underapplied

7 0

3 years ago

The following is the adjusted trial balance for Baker Services. Accounts Debit Credit Cash $34,000 Accounts Receivable 28,000 Pr

marta [7]

Answer:

Ending RE 153,000

Explanation:

Retained Earning will be calcualte as follows:

$$$Beginning Retained Earnings$$$+/- Net Income/Loss$$$- Dividends$$$Equals Ending Retained Earning$

We need to solve for the net incoem in order to solve for ending Retained Rearnings (RE)

Net Income: Revenues - Expenses

Service Revenue 280,000

Salaries Expense (62,000)

Depreciation Expense (5,900)

Supplies Expense (14,000)

Insurance Expense (14,600)

Utilities Expense <u> (20,000) </u>

Net Income 163,500

Retained Earnings 11,500

Net Income 163,500

Dividends (22,000)

Ending RE 153,000

7 0

4 years ago

Your friend currently works as an accountant at a public accounting firm in the small town of Beaver Falls, Pennsylvania. He is

Papessa [141]

Answer:

A. your friend most likely should not be quite so excited because the extremely high cost of living in New York City means his real salary increase will be less than he imagined.

Explanation:

Here are the options to this question :

A. your friend most likely should not be quite so excited because the extremely high cost of living in New York City means his real salary increase will be less than he imagined.

B. your friend has no reason to be excited because higher pay implies more job responsibilities and more working hours.

C. your friend has every reason to be excited because he will be getting paid 120% of what he used to be paid.

D. your friend has reason to be excited because in a bigger city he will have more things to do and his higher salary will allow him to spend on those activities.

Cost of living in a big town is higher than living in a small town. Even though the nominal income of my friend has increased, the real income might not have increased due to the high cost of living in a big city.

Nominal income is the money income being earned. My friend's nominal income would increase from $50,000 to $60,000 if he takes the new job.

Real income is the purchasing power of income

5 0

3 years ago

Why should Sana use a word processing program to prepare her résumé?

Sauron [17]

Word processors are a quick and easy tool for creating a resume. Hence, Sana would use a word processing program to prepare her resume.

The first chance a potential employer has to determine whether you are qualified for a position is through your resume. Consider your resume as a self-promotional tool. It is a tool that makes it easier for you to make a good impression and that helps you get requested for significant interviews.

Your resume gives a brief overview of your education, achievements, talents, and employment history. It is a technique for you to demonstrate to potential employers your abilities as well as the knowledge and expertise you will bring to their business. A word processor can be used to format, produce, and alter a resume.

To know more about word processor refer:

brainly.com/question/2005847

#SPJ9

3 0

2 years ago

The owner of Artisanal Chips etc. produces three flavors of artisanal corn chips marketed at new college graduates — pumpkin (P)

Soloha48 [4]

Answer:

Artisanal Chips

For the production combination of 100 bags of each flavor of chips, the three resources are not completely used are:

c. herbs, maize, and salt

Explanation:

a) Data and Calculations:

Ingredients Ounces Usage per Bag

Pumpkin Chipotle Basement

Salt 1,000 2 6 1.75

Maize 2,000 6 6 3.5

Herbs 1,200 1.75 5 1.5

Basement Chipotle Pumpkin

Profits for a bag $0.40 $0.60 $0.50

Total ingredients required for 100 bags of each:

Resources Pumpkin Chipotle Basement Total Unused

Usage Resources

Salt 1,000 200 600 175 975 25 ounces

Maize 2,000 600 600 350 1,550 450 ounces

Herbs 1,200 175 500 150 825 375 ounces

6 0

3 years ago