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
N76 [4]
2 years ago
5

Materials were requisitioned for use, $28,200, of which $25,000 were direct materials. The entry is:

Business
1 answer:
Phantasy [73]2 years ago
6 0

Answer:

Debit : Work In Process $28,200

Credit : Direct Materials $25,000

Credit : Indirect Materials $3,200

Explanation:

Materials requisitioned for use are include in Product Cost calculation. The Work In Process Account is the major account used to calculate the Product Cost during the Manufacturing Process.

Thus, Debit the full amount of materials requisitioned for use to the Work In Process Account and Credit the respective categories of Accounts supplying the Work In Process to show their decrease. Note that Indirect Materials take the $3,200 remaining after $25,000 have been used by direct materials against the total of $28,200 requisitioned.

You might be interested in
Describe three different financial decisions and their opportunity costs.
KatRina [158]

Answer:

Going to college has an opportunity cost of not working or working less. Buying a car has an opportunity cost of not being able to save as much. Buying a house could have an opportunity cost of not being able to travel. Opportunity cost is the choice you give up when selecting something else.

Explanation:

8 0
3 years ago
Read 2 more answers
Elaine takes out a $100,000 mortgage on December 1, 1997. Elaine will repay the mortgage over 20 years with level monthly paymen
Dmitrij [34]

Answer:

I prepared an amortization schedule using an excel spreadsheet. The original monthly payment was $836.44. After the 120th payment, the remaining principal balance was $68,940.64. Since she didn't pay anything for 1 year, the new principal balance will be $68,940.64 x (1 + 8%) = $74,455.89

I prepared another amortization schedule for the remaining 9 years, and the monthly payment is $969.32. She will pay off the loan in 108 months.

Download pdf
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
8 0
3 years ago
The manager of the marketing team has thoughtfully selected team members with their strengths in mind to play roles based on the
hodyreva [135]

Answer:

The correct option is advisor.

Explanation:

In business, advisors can be described as persons who evaluate circumstances and suggest options as what could be done during different circumstances. These options are suggested for the benefit of the company and to lead it towards success. An advisor usually evaluates the business plan for a company.

In the above-mentioned scenario, Andy is entitled to evaluate particular situations and provide better options, hence she is playing the role of an advisor.

3 0
3 years ago
Read 2 more answers
A firm uses a standard costing system and allocates variable overhead costs based on direct labor hours. The annual budget proje
DENIUS [597]

Answer:

Your answer is given below:

Explanation:

Statement showing Computations  

         Paticulars                                                                             Amount

Variable overhead cost per unit =100,000/1,000                   100.00

Standard Variable overhead for 750 Units = 750 * 100             75,000.00

Actual Variable overhead             75,000.00

Variable overhead spending variance= Standard VO - Actual VO  

Variable overhead spending variance= 75,000 - 75,000  

Variable overhead spending variance= 0

8 0
2 years ago
A finance company agrees to loan money to a buyer for a new washer and dryer. What is this an example of?
kirill115 [55]

The correct answer is: B. The finance company is extending credit to a buyer.By agreeing to loan money to a buyer, the finance company is extending credit to a buyer. Once credit is extended to the buyer and if the buyer uses the credit to buy the washer and dryer, the money borrowed then becomes a debt. The finance company may be saving the buyer money, but that cannot be determined from the example. I got this right in U.S.A Test Prep hope this helps! :) <u>[plz reward brainlyiest <3]</u>

5 0
3 years ago
Read 2 more answers
Other questions:
  • A 30-year 7% corporate bond was issued exactly 10 years ago. You purchased this bond today, when it was trading to yield 9%. Tom
    7·2 answers
  • When a purchase on account is made the invoice becomes a debit memo?
    15·1 answer
  • You own a portfolio that is 32 percent invested in Stock X, 20 percent invested in Stock Y, and 48 percent invested in Stock Z.
    12·1 answer
  • Linking rewards to performance ________.
    8·1 answer
  • Porter Co. owned all of the voting common stock of Simi Corp. The corporations' balance sheets dated December 31, 2018, include
    14·1 answer
  • What is the best way to judge the cooking and holding temperatures of food?
    14·1 answer
  • g Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, 20Y1, Smiley issued $20,000,000 of five-
    15·1 answer
  • Zagat Inc. enters into an agreement on March 1, 2014, to sell Werner Metal Company aluminum ingots in 2 months. As part of the a
    12·1 answer
  • The Republic of South Africa exports edible fruits and nuts into the common market known as the European Union, and imports from
    13·1 answer
  • Match the term or phrase with its best descriptor.Maximum sustainable yieldA. available biomass of a target speciesB. incidental
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!