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Firlakuza [10]
3 years ago
7

The balanThe balance in the supplies account before adjustment at the end of the year is $780. The proper adjusting entry if the

amount of supplies on hand at the end of the year is $255 would be in the supplies account before adjustment at the end of the year is $780. The proper adjusting entry if the amount of supplies on hand at the end of the year is $255 would be. Chegg
Business
1 answer:
Reptile [31]3 years ago
4 0

Answer:

Supplies at the year end before adjustment    $780

Supplies on the hand after adjustment             <u>$225</u>

Supplies Expenses                                             <u>$555</u>

Adjusting Entry           Debit    Credit

Supplies Expenses       $555

Supplies                                      $555

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6 0
3 years ago
Harwood Company uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginn
NNADVOKAT [17]

Under- or Over-Applied Manufacturing Overhead:

Under- or Over-Applied Manufacturing Overhead refers to the balance in the manufacturing overhead control account after the actual overhead costs that were incurred and the applied overhead for the period has been recorded

1 .The appleid overhead is the predetermined rate of $2.40 per machine hour multiplied by the actual number of machine hours (75,000), so it is $180,000.

The applied overhead is debited to work-in-process inventory and credited to the manufacturing overhead account.

2. The underapplied or overapplied overhead for the year is the difference between the actual and applied overhead. We can show it in the T-account like this:

3. The company estimated its total overhead cost to be $192,000 and its total machine hours to be 80,000. The actual overhead cost was $184,000 and the actual machine hours were 75,000. We can see that the main reason why the manufacturing overhead was underapplied was the fact that it worked fewer machine hours than anticipated with a proportional decrease in the manufacturing overhead costs incurred. This is normal because an element of manufacturing overhead is fixed.

To know more about overhead applied manufacturing overhead:

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3 0
1 year ago
The u.s. federal government offers homeowners a tax deduction for their home loan interest payments. this reduction in taxes ser
stepan [7]
<span>This reduction in taxes serves as a "direct"  incentive to buy a house.


</span>There are direct incentives and indirect incentives, the difference between them are;Direct incentives are generally simple to perceive/aftereffect of an activity – Firm brings down the gas cost to pull in more clients and Indirect incentives are the hidden outcome of the move made – Pollution is a result of the expanded amount requested.
4 0
3 years ago
In a five paragraph essay compare and contrast your state's constitution with the United States Constitution, and determine the
mart [117]

Answer:

hi

Explanation:

6 0
3 years ago
If a fee of $2,850 earned from a client was debited to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850, wh
Natalka [10]

Answer:

Explanation:

given data

fee = $2850

receive = $2580

credit fees = $2850

to find out

which statement true

solution

we know here that fee earn by client is here  $2850

and        

$2580 receive as debit account  so

$2850 fee earn credit

so we can say here

credit balance will be high ( 2850 - 2580)

higher = 270

so option A is correct          

so here the credit account total of trial balance would be high by $270

4 0
3 years ago
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