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
cricket20 [7]
2 years ago
10

Preparing Journal Entries for Process Costing SystemDuring its first month of operation, Portia Company purchased $90,000 of mat

erials on account and requisitioned $64,000 of materials for use in production. The company recorded $30,000 of direct labor cost and applied $20,000 of manufacturing overhead. Prepare Portia’s journal entries to record these events.
Business
1 answer:
babunello [35]2 years ago
7 0

Answer:

a.

Date                   Account Title                                     Debit                   Credit

XX-XX-XXXX     Raw materials inventory              $90,000

                           Accounts Payable                                                    $90,000

b.

Date                   Account Title                                     Debit                   Credit

XX-XX-XXXX     Work in Process Inventory           $64,000

                           Raw materials inventory                                          $64,000

c.

Date                   Account Title                                     Debit                   Credit

XX-XX-XXXX     Work in Process inventory            $30,000

                           Wages Payable                                                         $30,000

d.

Date                   Account Title                                     Debit                   Credit

XX-XX-XXXX     Work in Process Inventory             $20,000

                           Manufacturing overhead                                         $20,000

You might be interested in
Charlotte is trying to measure her salon's productivity during the first quarter. For this period, she should divide ________ by
IRISSAK [1]

Answer:

the total salon services and products sold

Explanation:

Productivity can be regarded as ratio of output volume to that of the volume of inputs. It give the measurements of

production inputs efficiency, these input could be labour, capital. Productivity helps to know how these inputs are been used in production of given level of output in economy.

7 0
2 years ago
How long after a tax taking can a treasurer begin land court proceedings?
mariarad [96]

Answer:

D. 180 days

Explanation:

After a tax taking a receiver begin land court proceedings a duration of "<u>180" days</u>. Later a tax collecting, the accountability for acquisition of the offending taxes as well as assessments on those attribute no long-spun relaxes with the Tax Collector, it simply moves to the Treasurer and while a parcel has been in tax claim for <u>180 days</u>, the Town may wish to instate foreclosure on the assets within specific Land Court in Boston.

7 0
3 years ago
Sanjay is a manager at Ridgeway Appliance Corp. and is responsible for helping the company reach its goal of purchasing a manufa
xeze [42]

Answer:

effectiveness

Explanation:

<em>Effectiveness </em>is the essential pillar of business management. Commonly mistaken for efficacy, it isn't quite the same thing. Effectiveness is doing the right thing that helps achieve business goals, while efficacy is how the practice is performed, rationally using available resources. Since the example emphasizes Sanjay's plan that will help the company reach business goals, it is an effectiveness example.

3 0
3 years ago
An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of in
ra1l [238]

Answer:

Bond Price​= $846.3

Explanation:

Giving the following information:

YTM= 0.05

Maturity= 15*2= 30 semesters

Par value= $1,000

Coupon= $40

<u>To calculate the price of the bond, we need to use the following formula:</u>

<u></u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 40*{[1 - (1.05^-30)] / 0.05} + [1,000 / (1.05^30)]

Bond Price​= 614.90 + 231.38

Bond Price​= $846.3

6 0
2 years ago
Charles wants to work for himself in the Transportation and Logistics career cluster. Which lists the jobs with the
FinnZ [79.3K]
The second one is the best chance to be self employed at because logisticians require a degree and there is less call for them.
6 0
2 years ago
Other questions:
  • Marigold Manufacturers Inc. is a firm that produces and sells home appliances. Marigold Manufacturers Inc. acquires a women's ap
    5·1 answer
  • The White Company’s accounting system consists of a general journal, a cash receipts journal, a cash disbursements journal, a sa
    6·1 answer
  • The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units
    8·2 answers
  • The three things counselors should listen for are clients' concerns, feelings about the concerns, and​ a. ​ the expectation the
    15·1 answer
  • During a resuscitation, the team leader assigns team roles and tasks to each member. You recognize that a task has been overlook
    12·1 answer
  • Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting s
    9·2 answers
  • When the Ideal State is higher than the Actual State, from the perspective of marketers, it is referred to as
    14·1 answer
  • Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had ap
    15·1 answer
  • Recommend four ways to deal with complainer in the work place
    7·1 answer
  • Atlanta Manufacturing Company produces products A, B, C, and D through a joint process. The joint costs amount to $100,000. Prod
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!