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daser333 [38]
2 years ago
11

The journal entry to issue $ 600 of direct materials and $ 40 of indirect materials to production involves​ debit(s) to the​ ___

_____.
A. WorkminusinminusProcess Inventory account for $ 600 and Finished Goods Inventory account for $ 40
B. Manufacturing Overhead account for $ 640
C. WorkminusinminusProcess Inventory account for $ 640
D. WorkminusinminusProcess Inventory account for $ 600 and Manufacturing Overhead account for$530
Business
1 answer:
Shkiper50 [21]2 years ago
4 0

Answer:

work in process             600 debit

manufacturing overhead 40 debit

         raw material inventory      640 credit

--to record the materials used into production and general production facilities--

Explanation:

There is 600 direct material which are allocated into work in process.

Then the 40 dollars of indirect materials will be assigned int othe actual overhead so the accounting can later adjust for oer or udnerappplied amounts at month-end

Both, makes the raw paterials inventory to decrease as there is less inventory available for future request. Thus it is credited.

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Wolfpack, Inc.provides goods and services to customers during the year totaling $100,000. Also during the year, customers are gr
inna [77]

Answer: $75000

Explanation:

Net revenue is simply defined as the total amount of money that an economic entity such as an individual or firm makes from sales minus the direct expenses. The net revenue accounts for the refunds, price reductions, and the direct expenses.

From the question, we've been informed that Wolfpack, Inc.provides goods and services to customers during the year totaling $100,000 and that during the year, customers are granted discounts, returns, and allowance of $20,000. Lastly, Wolfpack estimates that an additional $5,000 in discounts, returns, and allowances will occur next year.

The amount of net revenues Wolfpack will report in its current-year income statement will be:

= $100,000 - $20,000 - $5,0000

= $75,000

7 0
2 years ago
The 7 percent semiannual coupon bonds of Over The Counter, Inc., are selling for $1,102.25. The bonds have a face value of $1,00
levacccp [35]

Answer:

YTM = 2.84%

Explanation:

We know,

YTM = \frac{I + \frac{M - V_{0}}{n} }{\frac{2M + V_{0} }{3}}

Here,

I = Coupon payment = It is calculated by multiplying the coupon interest rate by the par value of the bond.

M = Bond's par value.

Vo = Bond's current market price.

n = Number of years or periods.

Given,

n = 18

I = Semiannual coupon bonds rate = $1,000*7%*(1/2) = $70 ÷ 2 = $35

M = Par value of a bond = $1,000

Vo = Market value of the bond = $1,102.50

Therefore,

YTM = \frac{35 + \frac{1,000 - 1,102.25}{18} }{\frac{2*1,000 + 1,102.25}{3}}

or, YTM = \frac{35 - 5.68}{\frac{3,102.25}{3}}

or, YTM = $29.32 ÷ $1,034.08

or, YTM = 0.0284

Therefore, YTM = 2.84%

5 0
2 years ago
And currency risks are to key country success factors as land costs and​ ________ are to key region success factors.
Vadim26 [7]

Answer:

B) Land​ costs; air and rail systems

and

D) Labor​ cost; proximity to customers

Explanation:

3 0
2 years ago
Terrell has an employer-sponsored 401(k) plan that he contributes to, and his employer matches 25% of his 401(k) contributions.
Elza [17]
The answer is 6250 buddy.

You're welcome
-From Hockey
8 0
2 years ago
Read 2 more answers
Ramses owns a roofing business. He enjoys being his own boss, but it comes at a price. Often, his days are filled with organizin
nydimaria [60]

Answer:

The correct answer is option d.

Explanation:

Ramses's business is organized as a sole proprietorship. A sole proprietorship is a form of business in which there is a single owner who manages and runs the business. The owner has unlimited liability for the firm's debts. There is no distinction between owner and business entity.

The advantage of a sole proprietorship is that the owner does not have to share profits. The owner pays personal income tax on profits earned.

3 0
1 year ago
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