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- SELF-DEVELOPMENT E-LIBRARY ZAIN HANDBOOKS Steven places an order to Peter or the supply of a certain product that was not yet manufactured. On receipt of the order, Peter goes to the market and purchase all the raw material required, hired some employees to get the things done, and successfully completed the order and delivered the goods to Steven. Now here the question arises that the sale is presumed to be recorded at the time of which event? O a. Purchase of raw material O b. Delivery of good O c. Receipt of good O d. Production of goods Finish ?He РОСОРНONЕ SHOT ON POCOPHONE F1 10:07 A 11/3/20eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse e Page | Zora... Welcome, Quente... E Library Genesis Macmillan Launch... (7) YouTube O11- My Conversations... bnc Apparel, Gifts & T... 国 >> a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Materials Unit Report Quantity Requisition Quantity Unit Price Amount Date Quantity Amount Number Number price May 1 400 $9 $3,600 26 280 $11 May 4 103 450 May 10 32 190 13 May 21 116 270 May 27 b. Determine the materials inventory balance at the end of May. C. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank. d. Comparing as reported in the materials ledger with predetermined order points would enable management to order materials before a(n) causes idle time. %24 %24Answer complete question please please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) The Foundational 15 (Algo) [LO11-2, LO11-3, LO11-4, LO11-5, LO11-6] Skip to question [The following information applies to the questions displayed below.] Cane Company manufactures two products called Alpha and Beta that sell for $175 and $135, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 117,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Alpha Beta Direct materials $ 40 $ 15 Direct labor 30 30 Variable manufacturing overhead 18 16 Traceable fixed manufacturing overhead 26 29 Variable selling expenses 23 19 Common fixed expenses 26 21 Total cost per unit $ 163 $…
- multiplymovement.com/english_multiply.pdf WileyPLUS WileyPLUS: MyWileyPLUS | Help I Contact Us | Log C Weygandt, Accounting Principles, 13e FINANCIAL/MANAGERIAL ACCOUNTING (ACC 124/125/201/20 CALCULATOR STANDARD VIEW PRINTER VERSION 1 BACK NEXT Exercise 10-13 a1-a2 (Part Level Submission) (Video) Gill Company, organized in 2020, has the following transactions related to intangible assets. 1/2/20 Purchased patent (7-year life) $595,000 4/1/20 Goodwill purchased (indefinite life) 360,000 7/1/20 10-year franchise 480,000 9/1/20 Research and development costs 185,000 - (a1) Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as of December 31, 2020, recording any necessary amortization. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0…-My Home * CengageNOwv2 | Online teach x b Kingsford Furnishings Compan x n/ilrn/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress-false Maps еВook Show Me How Print Item Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $26,200 Polyester filling 7,900 Lumber 58,700 Glue 2,500 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $130,200 Polyester filling 181,000 Lumber 356,700 Glue 12,400 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $49,500 $62,400 $166,800 $278,700 Job 602 38,100 67,800 146,000 251,900 Job 603 35,100 46,000 81,200 162,300 Factory overhead-indirect materials $6,400 6,400 Total $122,700 $176,200 $394,000 $6,400 $699,300 The glue is not a significant cost, so…O Chrome - CengageNOWv2 | Online teaching and learning resource from Cengage Learning I v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator%3D&inprogress3-false Instructions Chart of Accounts Journal Final Questions Instructions Lawn Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Lawn Spray Inc. reacquire 19,500 shares of its common stock at $22 per share. On June 14, 13,400 of the reacquired shares were sold at $24 per share, and on November 23 , 5,000 of the reacquired shares were sold at $23. Required: A. Journalize the transactions of January 31, June 14, and November 23. Refer to the Chart of Accounts for exact wording of account titles. B. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? C. What is the balance in Treasury Stock on December 31 of the current year? D. How will the balance in Treasury…
- geNOWv2 | Online teachin X eAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=&inprogress3false nail A D2L O Facebook M Gmail a Citation Guides - Bi. CLA APA Overview and... EasyBib: Free Biblio.. YouTube eBook Sales Documents Select whether each of the following documents or procedures is for a retail business or for a wholesale business, as described in 1. A cash register receipt is given to the customer. 2. Credit approval is required since sales are almost always "on account." 3. Three copies of the sales invoice are prepared: one for shipping, one for the customer (as a bill), and one for accounting. 4. A sales ticket is given to a customer and another copy is sent to accounting. 5. The sales process begins with a customer purchase order. 6. The sales invoice itemizes what is sold, its cost, and the total amount owed. Feedback Check My Work Think about how transactions are documented for retailers and wholesalers. Retailers usually sell to final consumers,…Check all attributes below that were met for a test of an expenditure. Attached is a copy of the invoice and below is information from the accounting system: Item # Transaction ID Invoice Date Vendor Vendor Code Object Code Object Code Name Amount Created Approved Invoice # Date Entered Paid Date Amount Paid 98 19000001101 9/22/2018 Ohio Dept of Transportation VC0000126549 E450 Road Construction $6,914.41 JMM03 BVZ02 101492 10/3/18 10/22/2018 $ 6,914.41 Invocie for Exam 3 TH.docx check all that apply A. Documentation exists B. Transaction had proper approval before payment C. Invoice agrees to journal: amount, vendor, fund, object code D. Invoice is mathematically correct E. Document was cancelled F. Recorded timely (5 days from reciept of goods or invoice) G. Invoice was paid timely"attempt.php?attempt=1764992&cmid=875183 Goo. - aa inall ual uio a https://alternativet. SQUCOFFEE - Goog.B BCOM2911-Busines O Sultan Caboos Univ. © Trading Platfo SYSTEM (ACADEMIC) E-LEARNING SERVICES SQULIBRARIES SQU PORTAL ATTENDANCE 21 Time Question 1 As production takes place, all manufacturing costs are added to the: Not yet a. Production Labor account. answered O b. Work-in-Process Inventory account. Marked out of Oc. Finished-Goods Inventory account. 0.50 O d. Cost-of-Goods-Sold account. P Flag questlon O e. Manufacturing-Overhead Inventory account. Question In a job-order costing system, indirect labor cost is usually recorded as a credit to: O a. Cash or Wage Payable. Not yet answered O b. Work in Process. Marked out of Oc. Manufacturing Overhead. 0.50 O d. None of the given answer is correct ah1 Sp P Flag O e. Cost of Goods Sold. question 120 _Spring NEXT PAG Spotify Free Origin G. "general-chat. ACCT2121
- mpt=17649928cmid=8751838page=D9 wio a https//alternativet A SQUCOFFEE - Goog A BCOM2911-Busines O Sultan Caboos Univ. G Trading Platform C. Accounting Club DEMIC) E-LEARNING SERVICES- SQU LIBRARIES - SQU PORTAL ATTENDANCE Time left 1:46:33 An allocation base: O a can be units of output if the company has a single product O b. All the given answers are NOT correct. Oc is determined at the end of the period. O d. isameasure used to assign conversion costs to products and services O e isameasure used to assign prime costs to products and services ר A Company uses job order costing and has chosen direct labor hours to allocate its manufacturing overhead. The company estimates that total direct labor hours to be operated next year are 250,000 hours. The estimated variable overhead is $15 per hour and the estimated fixed overhead costs are $750,000. The predetermined overhead rate is: O a $6 O b. None of the answers given Oc $45 Od. $3 Oe $18 NEXT PAGE OUS PAGE ACCT2121 general-chat Origin…from Towards a X Mail-Edjouline X Bb Content - ACG2 X CengageNOWv2 X (58) YouTube werPoint now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3Dassignments&takeAssignmentSessionLocator%3Dassignment-take&inpro... eBook Sales and Notes Receivable Transactions The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company: Jan. 21. Sold merchandise on account to Black Tie Co., $28,000. The cost of merchandise sold was $16,800. Mar. 18. Accepted a 60-day, 6% note for $28,000 from Black Tie Co. on account. May 17. Received from Black Tie Co. the amount due on the note of March 18. June 15. Sold merchandise on account to Pioneer Co. for $17,700. The cost of merchandise sold was $10,600. 21. Loaned $18,000 cash to JR Stutts, receiving a 30-day, 8% note. 25. Received from Pioneer Co. the amount due on the invoice of June 15. July 21. Received the interest due from JR Stutts and new 60-day, 9% note as a renewal of…ENOWV2 | Online teach x SOFTWARE UPDATE KeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false macOS Big Sur 11.3.1 is available and will be later tonight. eBook Show Me How E Print Item Activity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to determine the cost of servicing customers. There are three activity pools: guest check-in, room cleaning, and meal service. The activity rates associated with each activity pool are $8.90 per quest check-in, $19.00 per room cleaning, and $2.00 per served meal (not including food). Janelle Washington visited the hotel for a 5-night stay. Janelle had 6 meals in the hotel during the visit. Determine the total activity-based cost for Washington's visit during the month. Round your answer to the nearest cent. Feedback Check My Work Calculate: Number of activities x Activity rate = Cost of activity Sum all activity costs to determine the total. Check My Work Previous Next Email…