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vovangra [49]
3 years ago
13

Bucknum Boys, Inc., produces hunting gear for buck hunting. The company’s main production departments are Molding and Finishing.

Production of the hunting gear cannot be accomplished without the supporting tasks of Materials Management and meals for production employees provided by the Cafeteria. Cafeteria costs are always higher than Materials Management costs. The company believes that the number of employees in each department is the best driver of Cafeteria costs. The number of employees in each department is as follows: Molding Department 27 Finishing Department 30 Materials Management Department 3 Cafeteria Department 6 The company also believes that the value of support materials used in each department is the best driver for Materials Management costs. The support materials used in the Molding and Finishing departments are valued at $1,800 and $2,700, respectively. Using the sequential method for support department cost allocation (allocating Cafeteria costs first):
Business
1 answer:
irga5000 [103]3 years ago
8 0
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⠄⠄⣿⣿⣿⣇⠔⠈⣿⣿⣿⣿⣿⡿⠛⢉⣤⣶⣾⣿⣿⣿⣿⣿⣿⣦⡀⠹⠄⠄
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⠄⠄⣿⣿⣿⣿⣿⣿⣿⠟⢁⣴⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣷⠄⠄
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⠄⠄⢀⣿⣿⣿⣿⣿⣿⣿⠃⠈⠁⠄⠄⢀⣴⣿⣿⣿⣿⣿⣿⣿⡟⢀⣾⣿⠄⠄
⠄⠄⢸⣿⣿⣿⣿⣿⣿⣿⠄⠄⠄⠄⢶⣿⣿⣿⣿⣿⣿⣿⣿⠏⢀⣾⣿⣿⠄⠄
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⠄⠄⠈⢿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⡿⠟⢁⣴⣿⣿⣿⣿⠗⠄⠄⣿⣿⠄⠄
⠄⠄⣆⠈⠻⢿⣿⣿⣿⣿⣿⣿⠿⠛⣉⣤⣾⣿⣿⣿⣿⣿⣇⠠⠺⣷⣿⣿⠄⠄
⠄⠄⣿⣿⣦⣄⣈⣉⣉⣉⣡⣤⣶⣿⣿⣿⣿⣿⣿⣿⣿⠉⠁⣀⣼⣿⣿⣿⠄⠄
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Marigold Company sells one product. Presented below is information for January for Marigold Company.
oksian1 [2.3K]

Answer:

Jan 4

Dr Accounts Receivable 632

Cr Sales Revenue 632

Jan 11

Dr Purchases 870

Cr Accounts payable 870

Jan 13

Dr Accounts Receivable 1,035

Cr Sales Revenue 1,035

Jan 20

Dr Purchases 972

Cr Accounts payable 972

Jan 27

Dr Accounts receivable 1,070

Cr Sales Revenue 1,070

Jan. 31

Dr Inventory $660

Dr Cost of Goods Sold $1,702

Cr Purchases $1,842

Cr Inventory $520

Explanation:

Preparation of all the necessary journal entries, including the end-of-month closing entry to record cost of goods sold.

Jan 4

Dr Accounts Receivable 632

Cr Sales Revenue(79*8) 632

(to record Cost of Goods Sold)

Jan 11

Dr Purchases (145*6) 870

Cr Accounts payable 870

( to record the purchase)

Jan 13

Dr Accounts Receivable 1,035

Cr Sales Revenue(115*9) 1,035

(to record the cost of Goods Sold)

Jan 20

Dr Purchases(162*6) 972

Cr Accounts payable 972

( to record the purchase)

Jan 27

Dr Accounts receivable 1,070

Cr Sales Revenue(107*10) 1,070

( to record the cost of Goods Sold)

Preparation of the journal entry assuming the physical count indicates that the ending inventory for January is 110 units

Jan. 31

Dr Inventory $660

($6* 110)

Dr Cost of Goods Sold $1,702

($520+$1,842-$660)

Cr Purchases $1,842

($870 + $972)

Cr Inventory $520

(104* $5)

6 0
2 years ago
Sayid is the sole shareholder of an S corporation in Hattiesburg, Mississippi. At a time when his stock basis is $20,000, the co
stiks02 [169]

Answer:

$20,000

Explanation:

The computation of the taxable gain is shown below:

The corporate gain is

= $40,000 - $20,000

= $20,000

Now the stock basis is increased i.e.

= $20,000 + $20,000

= $40.000

Now the stock basis decreased to zero i.e.

= $40,000 - $40,000

= $0

So, here the taxable gain is of $20,000

4 0
2 years ago
What are googles resources
Digiron [165]

Answer:

Resource Based View (RBV) of Google

Valuable Resources – Google is best known for its search engine. The search engine has been Google's most valuable resource, driving advertisements which accounts for a 96% of Google's $37.9 billion revenue. Employees are also one of Google's valuable resources

Explanation:

searched it up i dont think its right tho idk

7 0
3 years ago
12 Unless otherwise posted, in Florida, the speed limit for most municipal areas is 40 mph O 25 mph )45 mph 30 mph​
AVprozaik [17]

Answer:

I'd say 40 mph.

Explanation:

6 0
4 years ago
The main advantage of diversification as an investment policy is that it
Lera25 [3.4K]

Answer:

Minimising risk of loss

Explanation:

One of the most significant values of investment is to guarantee that you have a extended portfolio. The key advantage of constructing a portfolio is that it helps in Limiting danger of misfortune. If one venture performs ineffectively over a specific period, different speculations may perform better over that equivalent period, decreasing the potential misfortunes of your venture portfolio from concentrating all your capital under one kind of speculation.

4 0
3 years ago
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