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Anna71 [15]
2 years ago
5

The summer internship is five weeks long, approximately 30 hours per week for 150 hours total.

Business
1 answer:
avanturin [10]2 years ago
8 0

Answer:

true

Explanation:

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The cover letter should _____. a. be a minimum of two pages in length b. never ask for an interview c. introduce you to an emplo
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8 0
3 years ago
Read 2 more answers
A movie production studio incurred the following costs related to its current movie: Purchased office supplies on account: $36,0
PilotLPTM [1.2K]

Answer:

S/n   General Journal                   Debit        Credit

a.      Office supplies                  $36,000

              Account payable                              $36,000

b.      Work in process                $22,509  

              Office supplies                                 $22,509

c.      Manufacturing overhead   $7,550  

              Office supplies                                  $7,550

d.     Work in process                  $32,503,220

               Wages payable                                $32,503,220

e.     Manufacturing overhead    $574,327

               Wages payable                                $574,327

f.      Manufacturing overhead     $957,320

                Utilities payable                               $957,320

g.      Work in process                  $3,250,322

                 Manufacturing overhead                $3,250,322

4 0
2 years ago
After managers have chosen an appropriate market for exporting, the next step is to ________. engage appropriate international t
Darina [25.2K]

The next step is to decide about the resources to be committed.

8 0
3 years ago
Johnston Company has budgeted production of 11,600 units and sales of 14,400 units in February. Each unit requires 15 minutes of
kap26 [50]

Answer:

$43,500

Explanation:

Direct labor costs refer to the salaries that are paid to the employees that perform a job that is related to the production of a good. In this case, it would be the wages of the employees that work in the production of the units budgeted.

To calculate the total cost, first you have to calculate the amount of hours require to produce 11,600 units:

      1 unit        →  15 minutes

11,600 units    →          x

x=(11,600*15)/1= 174,000 minutes

1 hour →   60 minutes

    x    ←    174,000 minutes

x=(1*174,000)/60= 2,900 hours

Now, you can calculate  the total budgeted direct labor costs by multiplying the labor rate per hour for the number of hours needed to manufacture the units budgeted:

$15*2,900= $43,500

According to this, the answer is that the total budgeted direct labor costs for February is $43,500.

5 0
3 years ago
On January 1, 2021, Red Flash Photography had the following balances: Cash, $25,000; Supplies, $9,300; Land, $73,000; Deferred R
Aleksandr [31]

Answer:

Red Flash Photography

a. Journal Entries:

1. Feb. 15:

Debit Cash $33,000

Credit Common Stock $33,000

2. May 20:

Debit Cash $48,000

Debit Accounts Receivable $43,000

Credit Service Revenue $91,000

3. Aug. 31:

Debit Salaries Expense $36,000

Credit Cash $36,000

4. Oct. 1:

Debit Prepaid Rent $25,000

Credit Cash $25,000

5. Nov. 17:

Debit Supplies $35,000

Credit Account Payable $35,000

6. Dec. 30:

Debit Dividends $3,300

Credit Cash $3,300

b. Adjusting Journal Entries:

a. Debit Salaries Expense $5,300

Credit Salaries Payable $5,300

b. Debit Rent Expense $6,250

Credit Prepaid Rent $6,250

c. Debit Supplies Expense $38,000

Credit Supplies $38,000

d. Debit Deferred Revenue $6,300

Credit Service Revenue $6,300

c. Income Statement for the year ended December 31, 2022:

Service Revenue                      $97,300

Salaries Expense      41,300

Rent Expense            6,250

Supplies Expense   38,000

Dividends                  3,300    $88,850

Net Income                               $8,450

d. Statement of Stockholders' Equity

For the year ended December 31, 2022:

Common Stock                          $96,000

Beginning retained earnings       38,000

Net Income                                     8,450

Dividends                                      (3,300)

Ending Equity                           $139,150

Explanation:

a) Data and Calculations:

Trial balance

Account Titles             Debit    Credit

Cash                       $25,000

Supplies                   $9,300

Land                       $73,000

Deferred Revenue                 $6,300

Common Stock                    $63,000

Retained Earnings               $38,000

Totals                 $107,300 $107,300

Analysis of Transactions:

1. Feb. 15: Cash $33,000 Common Stock $33,000

2. May 20: Cash $48,000 Accounts Receivable $43,000 Service Revenue $91,000

3. Aus. 31: Salaries Expense $36,000 Cash $36,000

4. Oct. 1: Prepaid Rent $25,000 Cash $25,000

5. Nov. 17: Supplies $35,000 Account Payable $35,000

6. Dec. 30: Dividends $3,300 Cash $3,300

Adjustments:

a. Salaries Expense $5,300 Salaries Payable $5,300

b. Rent Expense $6,250 Prepaid Rent $6,250

c. Supplies Expense $38,000 Supplies $38,000 ($9,300+35,000-6,300)

d. Deferred Revenue $6,300 Service Revenue $6,300

T-accounts:

Cash

Account Titles             Debit      Credit

Beginning balance    $25,000

Common stock            33,000

Service Revenue         48,000

Salaries                                      $36,000

Prepaid Rent                               25,000

Dividends                                      3,300

Ending balance                           41,700

Prepaid Rent

Account Titles             Debit    Credit

Cash                       $25,000

Rent Expense                         $6,250

Ending balance                       18,750

Accounts Receivable

Account Titles             Debit    Credit

Service Revenue    $43,000

Supplies

Account Titles             Debit      Credit

Beginning balance    $9,300

Accounts payable     35,000

Supplies Expense                     $38,000

Ending balance                           $6,300

Land

Account Titles             Debit      Credit

Beginning balance    $73,000

Deferred Revenue

Account Titles             Debit      Credit

Beginning balance                  $6,300

Service Revenue        $6,300

Accounts Payable

Account Titles             Debit    Credit

Supplies                                 $35,000

Salaries Payable

Account Titles             Debit    Credit

Salaries expense                   $5,300

Common Stock

Account Titles             Debit      Credit

Beginning balance               $63,000

Cash                                        33,000

Ending balance        $96,000

Retained Earnings

Account Titles             Debit      Credit

Beginning balance               $38,000

Service Revenue

Account Titles             Debit    Credit

Cash                                      $48,000

Accounts Receivable              43,000

Deferred Revenue                    6,300

Income Summary   $97,300

Salaries Expense

Account Titles             Debit    Credit

Cash                        $36,000

Salaries Payable         5,300

Income Summary                 $41,300

Rent Expense

Account Titles             Debit    Credit

Prepaid Rent            $6,250

Income Summary                 $6,250

Supplies Expense

Account Titles             Debit    Credit

Supplies                 $38,000

Income Summary                 $38,000

Dividends

Account Titles             Debit    Credit

Cash                         $3,300

Retained earnings                  $3,300

Adjusted Trial Balance

Account Titles               Debit      Credit

Cash                          $41,700

Prepaid Rent               18,750

Accounts receivable 43,000

Supplies                      6,300

Land                          73,000

Accounts payable                      $35,000

Salaries payable                             5,300

Common Stock                            96,000

Retained earnings                       38,000

Service Revenue                         97,300

Salaries Expense      41,300

Rent Expense            6,250

Supplies Expense   38,000

Dividends                  3,300

Totals                  $271,600     $271,600

7 0
2 years ago
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