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bogdanovich [222]
2 years ago
8

Purchased raw materials of $17,700 on account. (b) Incurred factory labor of $39,200. Of that amount, $29,400 relates to wages p

ayable and $9,800 relates to payroll taxes payable. (c) Factory utilities of $3,600 are payable, prepaid factory property taxes of $2,510 have expired, and depreciation on the factory building is $9,600. Prepare journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) enter an account title to record purchases of raw materials on account enter a debit amount enter a credit amount enter an account title to record purchases of raw materials on account enter a debit amount enter a credit amount (Purchases of raw materials on account)
Business
1 answer:
alekssr [168]2 years ago
3 0

Answer:

Journal Entries:

a) Debit Raw materials inventory $17,700

Credit Accounts payable $17,700

To record the purchase of raw materials on account.

b) Debit Payroll expense $39,200

Credit Wages payable $29,400

Credit Payroll taxes payable $9,800

To record payroll expense.

c) Debit Factory utilities expenses $3,600

Credit Utilities payable $3,600

To accrue factory utilities expenses.

Debit Factory property taxes of $2,510

Credit Cash $2,510

To record payment of property taxes.

Debit Depreciation Expense, Factory building $9,600

Credit Accumulated Depreciation, Factory building $9,600

To record depreciation expense.

Explanation:

1) Data and Analysis:

a) Raw materials inventory $17,700 Accounts payable $17,700

b) Payroll expense $39,200 Wages payable $29,400 Payroll taxes payable $9,800

c) Factory utilities $3,600 Utilities payable $3,600

Factory property taxes of $2,510 Cash $2,510

Depreciation Expense, Factory building $9,600 Accumulated Depreciation, Factory building $9,600

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Answer:

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3 years ago
A farmer uses two types of fertilizers. A 50-lb bag of Fertilizer A contains 10 lbs. of nitrogen, 2 lbs. of phosphorus, and 6 lb
Lera25 [3.4K]

The answer is, Fertilizer A = 20, Fertilizer B = 56.

<h3>What is fertilizer and example?</h3>
  • Among the organic fertilizers that occur naturally are manure, slurry, worm castings, peat, seaweed, and guano. Crops made of green manure are also raised to enrich the soil with nutrients.
  • Organic fertilizers also include naturally occurring minerals including mine rock phosphate, sulfate of potash, and limestone.

<h3>Set up the equations:</h3>
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  • Phosphorous: 2x + 5y ≥ 260.
  • Potassium: 4x + 5y ≥ 360.
<h3>Find the vertices:</h3>
  • It is easiest to graph the equations to find the vertices. (see attachment).
  • You can also solve each system of equations to find the intersected points.

<h3>The following satisfy the "greater than or equal to" requirement:</h3>
  • (0, 88)  = y-intercept of Nitrogen equation.
  • (20, 56) = intersection of Nitrogen and Potassium equations.
  • (50, 32)  = intersection of Phosphorous and Potassium.
  • (130, 0)  = x-intercept of Potassium.

<h3>Use vertices in cost function C(x) to find the minimum:</h3>

  • C(x) = $30x + $20y.
  • (0, 88): $30(0) + $20(88) = $1760.
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  • (50, 32): $30(50) + $20(32) = $2140.
  • (130, 0): $30(130) + $20(0) = $3900.

The minimum cost occurs when 20 bags of Fertilizer A and 56 bags of Fertilizer B are purchased.  

Learn more about Fertilizer here:

brainly.com/question/3204813

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3 0
2 years ago
CONSIDER a JOB THAT PAYS 100,000 PER YEAR. FEDERAL INCOME TAX IS 19% AND STATE INCOME TAX IS 7% WHAT IS THE ANNUAL TOTAL OF THE
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100000 X 19% = 19000  

100000 X 7% = 7000

<em>Total deduction: $26,000</em>

$74,000 per year he will get after deduction

6 0
3 years ago
Logan owns a horse ranch. Logan dislikes horses, but he opened the ranch because he heard it was a lucrative business and he wan
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Answer:

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The most accurate is:

e. None of the above are correct

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