Answer:
A. $45,950
B. $0.84 per liter.
Explanation:
A. February conversion costs in the Filtration Department:
= Direct labor costs(Wages of workers operating filtration equipment) + Manufacturing overhead allocated to filtration
= $25,950 + $20,000
= $45,950
B. Filtration Department completely processed 150,000 liters in February.
Total cost incurred:
= Direct labor costs + Manufacturing overhead allocated to filtration + Water
= $25,950 + $20,000 + $80,000
= $125,950
Filtration cost per liter:
= Total cost incurred ÷ Total units processed
= $125,950 ÷ 150,000
= $0.84 per liter.
Setting a goal, reaching it, and then setting a bigger goal is a characteristic trait of a Self-motivated Entrepreneur.
Based on the given scenario above about how Jim acquired knowledge and information about careers, this kind of source can be classified as an EXTERNAL source. This is classified as an external source knowing that the source of information is his mom. Hope this helps.
They are to set a plan and Have parameters
Answer: Debit Notes Receivable for $81,000; credit Cash $81,000
Explanation:
Note receivables are used to record promissory notes that is, when a party agrees to pay cash to another party before a particular date.
Since Jasper makes a $81,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction would be to Debit Notes Receivable for $81,000 and credit Cash $81,000.
