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Neko [114]
3 years ago
6

MARK AS BRAINLY//

Business
1 answer:
ozzi3 years ago
8 0

Answer:

Consumer Financial Protection Bureau

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Jinnah Company applies overhead on the basis of 200% of direct labor cost. Job No. 501 is charged with $180,000 of direct materi
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Answer:

The correct answer is $540,000

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Schwiesow Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.05 Direct labor
patriot [66]

Answer:

The contribution margin per unit is $5.1

Explanation:

The contribution margin per unit is the amount from selling price per unit after deducting all the related variable costs per unit. This is the amount that each product contributes towards covering the fixed costs.

<u />

<u />

<u>Contribution margin per unit:</u>

Selling price per unit                              18.7

<u>Less : Variable cost per unit</u>

Direct material                                       (7.05)

Direct labor                                             (3.5)

Variable manufacturing Overhead       (1.65)

Sales commission                                  (1.00)

Variable Admin expense                     <u>  (0.40)</u>

Contribution margin per unit                  5.1

3 0
3 years ago
The following information was available for Pete Company at December 31, 2013:
Leno4ka [110]

Answer:

8.2

Explanation:

See attached picture.

5 0
3 years ago
According to the census bureau, the u. S. Population is projected to grow by 78 million between 2017 and 2060. The native popula
Margarita [4]

Between 2017 and 2060, the growth in the U.S. population will be accounted for by a growth in the foreign-born population of 85%.

<h3>How will the American population change by 2060?</h3>

The census bureau believes that the U.S. population will change by more than 78 million by 2060.

Out of this number, the foreign-born population of the nation which includes immigrants and their children, will comprise of 85%.

Find out more on the U.S. population at brainly.com/question/16669950

4 0
2 years ago
When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $640,000, the market yield for bonds of similar r
IRINA_888 [86]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

1) Semiannually Rate of interest = 11% ÷ 2 = 5.50% = 0.055

Number of years (half yearly) = 4 × 2 = 8 years

PVIF Value = 1 ÷ (1 + Interest Rate)^Number of years

=1 ÷ (1 + 0.055)^8

= 1 ÷ 1.5347

= 0.65160

PVIFA Value = [1 -1 ÷ (1 + Interest Rate)^Number of years ÷  Interest Rate

= [1 - 1 ÷ (1 + 0.055)^8]  ÷ 0.055

= [1 - 0.65160] ÷ 0.055

= 6.33457

Particular  PV table value Multiply Amount  ($) PV value

Principle value  0.65160 × 640,000                          $417,024

Annually interest Value 6.33 ×     32,000                          $202,706

($640,000 × 6 ÷ 12 × 10%)  

Present Bond’s Price                                      $619,730

2).  

Journal Entry

On Jan.1,2021

Cash A/c         Dr.  $619,730

Discounts on bond payable A/c      Dr.  $20,270

 To Bond payable A/c         $640,000

(Being bond issued at discount is recorded)

3. The amortizable schedule is presented on the attachment below

4).

Journal Entry

June 30,2021

Interest expense A/c      Dr.  $34,085  

     To Cash A/c         $32,000

     To Discount on bond payable A/c    $2,085  

(Being interest expenses is recorded)  

5) On December 31,2021 Amount of bonds reported = $624,015

6). Interest expenses reported in income statement

= $34,085 + $34,200

= $68,285

7).

Journal Entry

On Dec. 31,2024

Interest expense A/c      Dr.  $35,032

   To Cash A/c         $32,000

   To Discount on bond payable A/c      $3,032

(Being interest expense is recorded)

On Dec.31,2024

Bond payable A/c       Dr.  $640,000

  To Cash A/c        $640,000

(Being interest expense is recorded)

5 0
3 years ago
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