Answer:
Explanation:
The journal entry is shown below:
Work in Process A/c - Assembly department A/c Dr $52,320
Work in Process A/c - Finishing department A/c Dr $41,440
To Manufacturing overhead A/c $93,760
(Being the overhead are allocated to the Assembly and Finishing Departments)
The allocation of the assembly department equals to
= Raw material × percentage of labor cost
= $32,700 × 160%
= $52,320
The allocation of the finishing department equals to
= (Factory labor cost - factory labor) × percentage of labor cost
= ($63,800 - $37,900) × 160%
= $25,900 × 160%
= $41,440
Answer: The following journal entries would apply:
<u>Purchase of franchise:</u>
Debit: Restaurant franchise (intangible asset) $85,000
Credit: Cash $85,000
<u>Amortization of franchise:</u>
Debit: Amortization charge $708
Credit: Accumulated amortization $708
Explanation: When the franchise was purchased, there was a cash outflow. So the above first entries would apply in order to recognize the intangible asset in Frazier Company's books. However, the intangible was meant to be amortized over 10 years, meaning $85,000/10 years = $8,500 annual amortization charge. We still have to divide this by 12 in order to arrive at the monthly amortization charge. So $8,500 divided by 12 months = $708 monthly. The above entries apply on amortization.
Answer:
D
Explanation:
Studying MGMT 4010 Ch S11 on Quizlet: https://quizlet.com/304737596/mgmt-4010-ch-s11-flash-cards/?x=1jqU&i=utx3h
Answer- True.
<span>In agreement with lots of consumer advocates one should
not furnish his/her apartment by going to a rent to own company, this is
because the budget of renting to own is much more costly than the cost of
buying. The finance charges strained out after a while can at times make the
product cost nearly twice or more. </span>
Answer and Explanation:
The preparation of the analysis is shown below:
Particulars Retained equipment Replace equipment Net income change
Variable cost $1,560,000 $1,230,000 $330,000
($520,000 × 3 years) ($410,000 × 3 years)
New machine cost $300,000 -$300,000
Net change $30,000
So based on the analysis the old machine should be replaced
Therefore we considered all the information given in the question
