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daser333 [38]
1 year 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]1 year 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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Answer:

D) 3.48

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Req.Inv = $231.45

Inventory turn over = projected sales/Req.inv

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Inventory turn over = 3.48 times

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1 year ago
Which of the following statements is correct?(A) Normal profits will cause an industry to expand.(B) Economic profits and losses
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Answer:<em> The correct option in this case is (c).</em><u><em> i.e. Economic profits induce firms to enter an industry and losses encourage firms to leave</em></u>

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For a instance when a firm generates economy profits then in that scenario it will be profitable to continue and expand .

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2 years ago
It is possible today to calculate the total financial returns for each customer that we expected to be earned over the length of
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Answer:

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5 0
1 year ago
Theo currently owns 700 shares of JKL, which is an all-equity firm with 320,000 shares of stock outstanding at a market price of
valentina_108 [34]

Answer:

correct option is c. 43.75

Explanation:

given data

share own = 700

stock outstanding = 320000

market price = $25

interest and taxes =  $160,000

debt = $500,000

interest = 7%

loan = 7.5 percent interest

to find out

How many shares of JKL stock must Theo sell to unlever

solution

first we get here no of share that repurchased is express  as

no of share =  \frac{debt}{market\ price}     ..............1

no of share =  \frac{500000}{25}

no of share = 20,000 shares

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so correct option is c. 43.75

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2 years ago
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Answer:

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Explanation:

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