All categories

2 years ago

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.

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The consumption schedule shows the relationship of household consumption to the level of?

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The Consumption schedule shows the relationship of household consumption to the level of disposable income.

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You could define disposable income as:

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1 year ago

Assume that demand for a commodity is represented by the equation P=10−0.2Qd. Supply is represented by the equation P=2+0.2Qs, w

svet-max [94.6K]

Answer:

Equilibrium price=6

Equilibrium quantity=20

Explanation:

P=10-0.2Qd

P-10= -0.2Qd

Qd=p-10/-0.2

Qd=-5p+50

P=2+0.2Qs

P-2=0.2Qs

Qs=p-2/0.2

Qs=5p-10

(a)

Qs=Qd

5p-10= -5p+50

5p-10+5p-50=0

10p-60=0

10p=60

p=6

Equilibrium price=6

Equilibrium quantity

Qd=-5p+50

=-5(6)+50

=-30+50

=20

Qs=5p-10

=5(6)-10

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Equilibrium quantity=20

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3 years ago

Which of the following workers are most likely to be part of a union? (Select four answers.)

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a high school teacher,an assembly line worker,a plumber,a police woman

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3 years ago

Retail Division $155,800 $550,000 Commercial Division 134,000 330,000 Internet Division 146,400 540,000 Assume that management h

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The Residual Income for each division:

Retail Division = $4,95,000

Commercial Division = $2,97,000

Internet Division = $4,86,000

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A. Operating Income $155,800 $134,000 $146,400

B. Minimum acceptable operating income as a % of invested assets:

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C = A - B Residual Income =<u>$4,95,000 $2,97,000 $4,86,000 </u>

<u />

<h3>What is Residual Income?</h3>

Residual Income refers to a calculation that provides the amount of money leftover that a company or individual has after all expenses have been paid. The amount of money that is left over after all expenses are covered is typically referred to as residual income, profit, net income, or earnings.

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1 year ago

Beckett Co. sold merchandise on account for $11,700, terms 1/10, n/30. Freight charges of $360 were prepaid by the seller and ad

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Answer:

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We have to determnate the balance of the invoice after the returned and the discount granted. We also have to receive the freight from the customer as we prepaid them to refund this amount against the customer:

invoice balance:

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discount granted: 10,350 x 1% = (10.35)

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