850 ×7 =5950
5950-2000=3950
3950-3000=950
950÷2=475
so both Mario and Luigi get $475
Answer:
D) credit to Accounts Payable.
Explanation:
The journal entries are shown below:
1. Cash A.c Dr
To Account receivable A/c
(Being cash is received for performing the services)
2. Telephone expenses A/c
To Cash A/c
(Being telephone bill paid)
3. Equipment A/c Dr
To Accounts payable A/c
(Being equipment is purchased on credit)
According to these journal entries, the option D is correct
Answer: The correct answer is "e. Transfer of chairs from the assembly line to the staining facility and storage of completed bookcases in inventory.
".
Explanation: The statement "e. Transfer of chairs from the assembly line to the staining facility and storage of completed bookcases in inventory.
" would be included in a listing of the company's non-value-added activities.
An activity is everything that consumes resources. The resources consumed can be tangible (materials, time, money) and intangibles (mood, effort, illusion).
Value is what someone appreciates. In economic activities we refer to value as "what someone is willing to pay" for your product. That someone would be the customer. If the Client does not pay it, it is because he does not appreciate it, it does not give it value.
<u>In this case, the activities that do not clearly generate value are "transfer" and "storage". Although there are activities that do not generate value but are necessary such as transfer, storage could be eliminated or optimized so that it is not an activity that limits production or increases costs.</u>
Answer:
Order size= $57.61 per machine hour
Explanation:
Giving the following information:
Order size:
Estimated total overhead= $581,866
Estimated total machine hours= 10,100
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Order size= 581,866 / 10,100
Order size= $57.61 per machine hour
