Answer:
$70,200
Explanation:
Given that,
Cost of material purchased = $21,000
Direct labor cost = $18,000
Total overhead = $32,000
Opening and closing balances in the month of July.
Cost of goods sold for July:
= Cost of material purchased + Direct labor cost + Total overhead + (Opening material + opening work in process + opening finished goods - Closing material - Closing work in process - Closing finished goods)
= $21,000 + $18,000 + $32,000 + ($6,200 + $700 + 3,300 - 7,100 - 1,200 - 2,700)
= $70,200
Answer:
$36 per purchase order; $20 per square foot
Explanation:
Factory expected cost:
= Cleaning factory + Providing utilities
= $35,000 + $77,000
= $112,000
Purchasing:
Activity overhead rate:
= Expected costs ÷ Expected amount of cost driver
= $ 183,600 ÷ 5,100
= $36 per purchase order
Factory:
Activity overhead rate:
= Expected costs ÷ Expected amount of cost driver
= $112,000 ÷ 5,600
= $20 per square foot
Hey friend!
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<u>The answer is A.</u> I hope this helps, also, please give brainiest to whoever answers first. I didn't answer first, so you should give brainiest to the other person. (not forcing you to!)
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Have a great Tuesday! (o3o)
- <em>HannaTheGurls</em>
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Answer:
The answer is:
April 10, 2019:
Dr Cash 96,900
Cr Treasury stock 91,800
Cr Paid-in capital 5,100
(to record resell of 1,700 repurchase shares at $57)
Explanation:
While the share was repurchased at $54 each; the Treasury stock account is debited at 54 x 1,700 = 91,800. Thus, when resell takes place, treasury stock account must be credited by 91,800.
Cash receipt is 57 x 1,700 = 96,900. Thus, this amount is debited in Cash Account.
The difference between the Dr Cash and Cr Treasury stock will Credited in to Paid-in Capital Account at the amount 5,100; which is also calculated as 1,700 x ( 57-54).
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