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2 years ago

The journal entry to record the use of utilities in a factory could include which two of the following:

1 answer:

7 0

Answer: Debit to Factory Overhead.
Credit to Factory Utilities Payable.

Explanation:Utilities are part of actual overhead costs. It is a necessary cost in order to operate the factory, but is not DIRECT Labor or DIRECT Material.

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Formula for average inventory

morpeh [17]

The average of inventory is the average amount of inventory available in stock for a specific period.

To calculate the average of inventory, take the current period inventory balance and add it to the prior period inventory balance. Divide the total by two to get the average inventory amount.

6 0

3 years ago

North Company has completed all of its operating budgets.The sales budget for the year shows 50,600 units and total sales of $2,

atroni [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The sales budget for the year shows 50,600 units and total sales of $2,317,800.

The total unit cost of making one unit of sales is $22.

Selling and administrative expenses are expected to be $304,000.

Income taxes are estimated to be $270,180.

Income statement:

Sales= 2,317,800

COGS= (22*50,600)= (1,113,200)

Gross profit= 1,204,600

Selling and administrative= (304,000)

Tax= (270,180)

Net operating profit= $630,420

5 0

3 years ago

The carpet cleaners are at the door after hours. you remember seeing them just last week, what do you (as a non-management colle

Anna71 [15]

<span>As a non-management colleague, an individual does not have any immediate right to take decisions regarding the management of the company.

Therefore, if the carpet cleaners are at the door even though they had come in last week, it is better to inform the manager at the company and let the management group handle the situation.
</span>

7 0

3 years ago

The total value of all productive assets multinational enterprises own and control abroad through investment is known as the rel

Sladkaya [172]

Answer:

False

Explanation:

When <u>a multinational organization owns and controls productive assets in foreign countries through investment</u>, it is known as Foreign Direct Investment (FDI) and NOT relative efficiency of production.

FDI may be carried out through mergers and acquisitions, joint ventures and building facilities in other countries.

3 0

3 years ago

Orlando wants to become a certified public accountant. which career cluster is he interested in? a. manufacturing b. transport,

kap26 [50]

The fact that Orlando wants to become a certified public accountant means that the career cluster he is in is C. Finance.

<h3>What career cluster is accounting?</h3>

A career in accounting is found in the finance career cluster which deals with other subjects that have to do with financial services.

Apart from accounting, the finance cluster would include things like investment banking, banking, and credit analysis.

Find out more on career clusters at brainly.com/question/24613213.

#SPJ1

3 0

1 year ago