All categories

3 years ago

Barnes Company uses a job order cost system. The following data summarize the operations related ...

Business

1 answer:

Ipatiy [6.2K]3 years ago

8 0

Answer:

Journal Entries

October 1

Materials Dr $315,500

Accounts payable Cr $315,500

October 2

Work in process Dr $281,950

Factory overhead Dr $8,150

Materials Cr $290,100

October 31

Work in process Dr $455,300

Factory overhead Dr $34,200

Wages payable Cr $489,500

October 31

Factory overhead Dr $600,000

Selling expense Dr $150,000

Administrative expense Dr $100,000

Accounts payable Cr $850,000

October 31

Factory overhead Dr $18,000

Selling expense Dr $6,000

Administrative expense Dr $5,000

Prepaid expense Cr $29,000

October 31

Depreciation expense - Office Building Dr $30,000

Depreciation expense - Office Equipment Dr $7,500

Factory overhead Dr $60,000

Accumulated depreciation- Buildings and equipment Cr $97,500

October 31

Work in process Dr $711,600

Factory overhead Cr $711,600

October 31

Finished goods $1,425,000

Work in process Cr $1,425,000

October 31

Cost of goods Dr $1,380,000

Finished goods Cr $1,380,000

You might be interested in

If government policy allows a country's currency to be determined in the exchange rate market, then that currency will be subjec

Marrrta [24]

Answer:

The correct answer is D) a floating exchange rate.

Explanation:

The floating exchange rate is a characteristic of the currency that is not determined by any central bank, but from operations of supply and demand of the currencies in a stock exchange or the exchange market. This behavior is determined by internal factors and uncertainty such as inflation or natural phenomena, oil behavior, etc.

7 0

4 years ago

_____ function of management is when a manager is responsible for organizing a staff and making sure the staff members have the

BARSIC [14]

The organizing function of management is when a manager is responsible for organizing staff and making sure the staff members have the necessary resources to do their jobs. This is further explained below.

<h3>What is the Organizing function of management?</h3>

Generally, In order to achieve goals, the role of management is to establish an organization's structure and allocate human resources.

In conclusion, Management's organizing role is to ensure that employees are properly organized and equipped to carry out their duties.

Read more about management

brainly.com/question/14523862

#SPJ1

6 0

2 years ago

You own a portfolio that is 30 percent invested in Stock X, 20 percent in Stock Y, and 50 percent in Stock Z. The expected retur

Charra [1.4K]

Answer:

11.2%

Explanation:

We need to calculate the weighted return of the portfolio. You have to multiply each stock's weight by the expected return.

Stock X = 0.30 x 9% (expected return) = 2.7%
Stock Y = 0.20 x 15% (expected return) = 3%
Stock Z = 0.50 x 11% (expected return) = 5.5%
weighted return of the portfolio = 2.7% + 3% + 5.5% = 11.2%

6 0

3 years ago

The Zoom Slingshot Company’s marketing department conducts a customer satisfaction survey. It discovers that one of its slingsho

strojnjashka [21]

Answer:

Explanation:

Zoom Slingshot's marketing.team conducted the survey in a bid to add more value to the customer. After the discovery that some of the slingshot lines breaks frequently, the feedback from the survey was used to add value to the customer by providing a stronger product.

Businesses are always looking for ways of adding value for customers, and feedback is a good insight to customer needs.

7 0

3 years ago

Gloria is opening an upscale women's clothing store in a growing suburban residential area. Gloria knows her target market is up

kupik [55]

Answer:

The correct answer is real estate values by subdivision

Explanation:

As Gloria is not able to afford the Tapestry analysis which is a costly one, She will use the real estate values by the subdivision. As this method is not only cost effective but is far efficient from the other less effective methods. Although Tapestry PRIZM analysis methods are effective however they are not as good a value for money as the real estate values by subdivision strategy is.

7 0

4 years ago