Answer:
6,000 on the left side of Equipment account; $5,000 on the right side of Accounts payable account; $1,000 on the right side of the Cash account
Explanation:
When fixed assets are bought whether paid for or not, debit the asset account with the monetary value if the asset, and credit cash or bank if payment is made or credit account payable account where purchase is on credit.
In this case, the following entries should be done:
Debit Equipment Account $6,000
Credit Cash Account $1,000
Credit Account Payable $5,000
Answer:
Manufacturing overhead volume variance= $1,200 unfavorable
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
<u></u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Fixed Predetermined manufacturing overhead rate= 1,200,000/240,000
Fixed Predetermined manufacturing overhead rate= $5 per machine hour
<u>Now, to calculate the fixed manufacturing overhead volume variance, we need to use the following formula:</u>
<u></u>
Manufacturing overhead volume variance = Actual Factory Overhead - Budgeted Allowance Based on Standard Hours
Manufacturing overhead volume variance= (101,200) - (5*20,000)
Manufacturing overhead volume variance= $1,200 unfavorable
Answer:
The correct answer is letter "E": output.
Explanation:
The output is the number of goods or services produces by an organization given a specific period. The output is expressed in monetary value and is usually compared to the costs it took to produce the goods or services. The output does not necessarily imply talking about material goods. The output is intangible as well.
Thus, <em>the pumpkins production profits and losses of a farmer are considered as part of the output of an economy</em>.
Answer:
A.8.75 weeks
B.5.71
Explanation:
a.
Weeks of supply = average aggregate inventory value/weekly sales at cost
=(1,500,000 + 1,200,000 + 800,000)/(20,000,000/50)
=3,500,000/400,000
= 8.75 weeks
b.Inventory turnover = annual sales (at cost)/average aggregate inventory value
=20 million/3.5 million
= 5.71
Luna realized that the undecided group was her "target audience" , so she focused most of her effort on them.
A target audience is the target group or readership of a production, commercial, or other message. In showcasing and publicizing, it is a specific gathering of customers inside the predetermined target advertise, distinguished as the objectives or beneficiaries for a specific notice or message.
