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Blueberry Baking Company produced 5,500 cakes that require 3 standard pounds per unit at a $3 standard price per pound. The comp

jekas [21]

Answer:

Dr. Work in process $49,500

Dr. Material Quantity Variance $4,500

Cr. Raw material Inventory $49,500

Explanation:

First we need to calculate the Material usage variance

Standard Material = 5,500 cakes x 3 pounds = 16,500 pounds

Standard cost of Standard Material = 16,500 pounds x $3 = $49,500

Actual usage at standard cost = 16,650 pounds x $3 = $49,950

Material usage Variance = $49,950 - $49,500 = $450 unfavorable

When the actual cost incurred is more than the standard cost the variance is unfavorable.

3 0

3 years ago

Ana Co. uses the allowance method to account for bad debts. At the end of the period, Ana's unadjusted trial balance shows an ac

Afina-wow [57]

Answer:

A. $800

Explanation:

Ana Co.

Sales $500,000

Accounts Receivable $40,000

Allowance for doubtful accounts $300 Credit

Bad Debts Expense = 2 % of $ 40,000= $ 800

The adjusting entry would be

Bad Debts Expense $ 800 Dr.

Allowance for doubtful accounts $800 Credit

As we already have a credit balance of $ 300 in the doubtful accounts we will increase it with an amount of $ 500.

Allowance for Doubtful Accounts $ 500 Debit

Account Receivable $ 500 Credit

6 0

3 years ago

An application currently stores all its data on Amazon EBS Volumes. All EBS volumes must be backed up durably across multiple Av

rewona [7]

Answer:

A. Take regular EBS snapshots .

Explanation:

- $B$ is incorrect. It lacks durability of EBS volumes.

- $C$ is incorrect. ECT Instance stores are not durable.

- $D$ is incorrect. Mirroring across EBS volumes is pargely inefficient.

-Since EBS snapshots only saves snapshots of the most recent device changes, a great deal of time and memory is saved. Also, only data unique to any particular snapshot is removed in cases of deletion.

5 0

3 years ago

Suppose a manufacturing plant purchased a new heating system in December, 2015 and, after installing and testing the equipment,

garri49 [273]

Answer:

Depreciation for 6 months ending June 30, 2016 is $ 5,000 and the accounting entry to record the transaction is:

Depreciation Expense - Debit $ 5,000

Allowance for Depreciation - Credit $ 5,000

Explanation:

The depreciation charge for the year is calculated as follows:

Total cost of the equipment $ 55,000

Salvage Value $ 5,000

Net Depreciable value $ 50,000

Estimated Useful Life 5 years

Annual Depreciation expense(50000/5) $ 10,000

Depreciation for 6 months (10000/2) $ 5,000

8 0

3 years ago

What is the meaning or moral standard?

erik [133]

Answer:

A moral standard refers to the norms which we have about the types of actions which we believe to be morally acceptable and morally unacceptable. Specifically, moral standards deal with matters which can either seriously harm or seriously benefit human beings.

Explanation:

may this answer is helpful for you

6 0

3 years ago