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storchak [24]
3 years ago
9

During May, Salinger Company accumulated 740 hours of direct labor costs on Job 200 and 900 hours on Job 305. The total direct l

abor was incurred at a rate of $20 per direct labor hour for Job 200 and $23 per direct labor hour for Job 305.Journalize the entry to record the flow of labor costs into production during May. If an amount box does not require an entry, leave it blank.
Business
1 answer:
Molodets [167]3 years ago
4 0

Answer:

May

Dr Work in Process $35,500

Cr Wages Payable $35,500

Explanation:

Preparation of the Journal entry to record the flow of labor costs into production during May

Based on the information given the Journal entry to record the flow of labor costs into production during May will be :

May

Dr Work in Process $35,500

Cr Wages Payable $35,500

Calculated as:

Labor costs = (740*20)+(900*23)

Labor costs=14,800+20,700

Labor costs=$35,500

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Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $70. Limit Buy
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Answer:

<u><em>$69.80</em></u>

Explanation:

Note, a market order is an order designed to execute an order immediately by <em>matching the best available price</em> on the sell order list.

When we look carefully at the sell order book, we observe that the only sell order containing the specified quantity of 120 units of shares at a price close to the market price is <u>$69.80.</u> Even though there are other cheaper orders are available, their order quantity does <em>not </em>match the market buy order for the 120 shares and thus would not be filled.

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The Depression transformed and shattered the expectations of the ""American way of life."" Which are examples of the new reality
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Answer:

Followings are the example of new reality of American life during the Depression or war year is given below in the explanation part

Explanation:

The example is given below:

  • Millions of American people made slum areas over the America in free land and fields because they lost their homes
  • country people tried to find jobs in other countries, they did not find the job there.
  • Faintness inverted people from farms to cities

Depression completely changed the way of Americans live

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Lee starts entering data into the table. He types in the mass of Mercury. Next, he wants to type in the diameter of Mercury.
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Her weight is lower on Venus because the acceleration due to gravity is lower.

Explanation:

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Prepare a multiple-step income statement for Armstrong Co. from the following data for the year ended December 31. Sales, $755,0
Tatiana [17]

Answer:

See explanation

Explanation:

                       Armstrong Co.

          Multi-step Income Statement

  For the year ended, December 31, 20YY

Sales                                              $755,000

<u>Less: Cost of merchandise sold   (330,000)</u>

Gross Profit                                                    $425,000

Less: Operating expenses

Administrative expenses  $35,000

Selling expenses               $50,000

<em><u>Total operating expenses                               $85,000</u></em>

Income from operation                                 $340,000

Other revenue and expenses:

Rent Revenue                    $25,000

interest expense               ($30,000)

<u>Total other revenues (expenses)                      $(5,000)</u>

Income before taxes                                      $335,000

<u>Less: Income Tax                                                     0</u>

Net Income (loss)                                           $335,000

That is the appropriate way to prepare a multi-step income statement

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3 years ago
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