Answer:
Direct Labor 574,000 Manufacturing Overhead 163,000 Wages Payable 737,000
Explanation:
The journal entry is shown below:
Work in process A/c Dr $574,000
Manufacturing overhead A/c Dr $163,000
To Wages payable A/c $737,000
(Being direct and the indirect cost is recorded)
For recording this given transaction, we debited the work in process account and manufacturing overhead account and credited the wages payable with the total amount
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Answer:
correct option is a. loss on bond redemption of $2,000
Explanation:
given data
bond = $300,000
redeemed at = 98
carrying value of bond = $292,000
to find out
entry to record the redemption would include
solution
we know here that Redemption value is
Redemption value = bond × redeemed
Redemption value = $300,000 ×98%
Redemption value =$294,000 ................1
and here Carrying value is $292,000
so we paid excess amount that is
paid excess amount = $294,000 - $292,000
paid excess amount = $2000
so here correct option is a. loss on bond redemption of $2,000
Answer:
$34.8
Explanation:
Profits = sales - costs( variable costs +fixed costs)
In this case : total sales will be price $0.75 x units sold X= 0.75X
Variable costs : =$10 x units sold= $10x
Fixed cost remain $25 as they are not affected by quantity.
profits for the Week
P= (0.75x- 0.10x)-$25
Profit for the week with units sold as 92: x = 92
p= ( {0.75x92} - {0.10x92} )- $25
P= $69 - $9.2- $25
P=$59.8- $25
=$34.8
