Financial Accounting Parker Manufacturing's piece rate workers produced 2,000 units at $4 per unit. Minimum wage guarantee $7,500. Calculate the wages payable to workers.
Q: Question Through which method should companies report corrections of accounting errors? a)…
A: Explanation of Accounting Errors: Accounting errors are unintentional mistakes made in recording,…
Q: Financial Accounting Question Solve
A: Step 1: Define Accumulated ValueAccording to the assumption that all interest or profits are…
Q: Golden Gate Fitness tracks monthly memberships. March report: new members 45 at $60 each, renewals…
A: Explanation of Revenue: Revenue is the total amount of money generated from business activities, in…
Q: Give true solution for this accounting question
A: Step 1: Define Absorption CostingUnder absorption costing, not only the variable cost but also the…
Q: Need answer the accounting question
A: Step 1: Define What Is The Maturity DateThe Maturity Date for an investment is known to be the…
Q: Hi expert please give me answer of this question solution general accounting
A: Step 1: Define Notes ReceivableNotes receivable is a promissory note that is issued by the borrower…
Q: Financial Accounting
A: Step 1: Define Debt to Equity ratioA firm uses debt and equity in order to raise capital for its…
Q: Net Salary?
A: Net Salary Payable = Gross Salary - Income Tax Deducted - Insurance Premium Net Salary Payable =…
Q: What is the unit product cost for the month under please give me answer
A: Step 1: Define Variable CostingIn the variable costing method, only the variable manufacturing cost…
Q: Accounting question
A: Step 1: Define The High-Low Method in AccountingThe high-low method is a method used to separate…
Q: A firm has a debt to equity ratio need solve this question ❓
A: Step 1: Given Value for Calculation Debt to Equity Ratio = 0.25 Step 2: Calculation of Debt Ratio…
Q: I need Answer
A: Step 1: Determine the cost of the machineryStep 2: Add the installation costStep 3: Add the freight…
Q: Question
A: When recording accrued interest on bonds payable, the entry reflects the interest expense incurred…
Q: Roger is 30% patner in the roc partnership
A: Step 1: Define Partnership liabilityPartnership liability refers to the liability of the whole…
Q: What is the profitability index for an investment solve this question
A: Step 1: Given Value for Calculation Required Rate of Return = r = 6%Cash Flow for Year 0 = cf0 =…
Q: Please given answer accounting
A: Step 1: Define Predetermined Overhead RateThe company could calculate the predetermined overhead…
Q: General Accounting Question Solution
A: Step 1:Variable cost per unit as per high low method =(Cost at higher level activity - cost at…
Q: General Accounting Question solve please
A: Step 1:Under high low method, variable cost per unit can be calculated by following formula = (…
Q: In which circumstance does partial recognition of intercompany profit occur? {financial accounting}…
A: Explanation of Intercompany Profit: This refers to the profit generated from transactions between…
Q: Liabilities?
A: Explanation of Assets: Assets are economic resources owned by a company that provide future economic…
Q: A stock has a stock price of $40 and earnings per share this question solution
A: To calculate the PEG ratio, we use the following formula:PEG Ratio=Earnings Growth RateP/E Ratio…
Q: Accounting question
A: Step 1: Define Operating LeverageOperating leverage is needful to measure to what extent the…
Q: Lone star has computed the following unit costs solution this question
A: Step 1: Define Variable CostingThe variable costing income statement only considers the variable…
Q: Expert help this account query
A: determine which item results in gross income to Sandy, each option needs to be evaluated based on…
Q: Webber fabricating estimated the following solve this question ❓
A: Step 1: Define Manufacturing CostsThe manufacturing costs of a business include all those costs…
Q: Shorter company had originally expected to earn operating solve this question solution
A: Step 1: Define Degree of Operating LeverageDegree of operating leverage is a multiple that measures…
Q: Required: Gleason Guitars produces acoustic guitars. The table below contains budget and actual…
A: Step 1:Flexible budget for actual units: First, compute the budgeted variable cost per unit: Then,…
Q: general accounting Problem
A: Explanation of Books Received:Books received refer to the total number of new books that Cedar Grove…
Q: Select correct answer
A: Depreciation methods are used in practice to spread the cost of an asset over the useful economic…
Q: Please provide this question solution general accounting
A: Step 1: Define Operating LeverageOperating leverage calculates the changes in the operating income…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define Under-or-Overapplied Manufacturing Overhead:The predetermined overhead rates that are…
Q: Overhead Cost for the year was
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is calculated before the…
Q: On January 1, 2020, Floss Company purchased a copyright for $1,000,000, having an estimated useful…
A: The first step is to calculate the annual amortization expense for the copyright. This is done by…
Q: i want to answer of this Question of Accounting Subject please solve it fast as posible
A: Step 1: Define Retained EarningsRetained earnings are the amount of income that companies do not…
Q: Need help with this question solution general accounting
A: Step 1: Define SalesSales, also referred to a sales revenue or revenue, is the top-line monetary…
Q: Please given answer accounting question
A: Step 1: Define Material VarianceThe difference between the actual and budgeted material costs is…
Q: Hi expert please give me answer general accounting
A: Step 1: Introduction to depreciationDepreciation is referred to a method of expensing the cost of a…
Q: Department w had 2,609..Accounting questions
A: Step 1: Define Units TransferredThe units transferred by the companies under the process costing…
Q: Lao shu company is..accounting question
A: Step 1: Define Direct Labor CostDirect labor cost refers to the workforce that is indulged in the…
Q: Answer this
A: Given:Total annual subscription fees = $72,000Subscription period = 12 months (from October 1, 2013,…
Q: Please provide correct answer accounting question
A: Step 1: Define Accounting for PurchasesPurchases in accounting are used to denote the cost that is…
Q: A company manufacturers 50,000 units of a product at a cost solve this question
A: Explanation: In the given case, we are required to calculate the gross profit from the data given in…
Q: The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of…
A: o prepare an unadjusted trial balance as of January 31, 2024, let's follow these steps:1. Start with…
Q: Value of missing units?
A: Explanation of Inventory Cards: Inventory cards are detailed records that track the movement of…
Q: Question financial accounting
A: Explanation of Opening Stock: This represents the value of raw materials on hand at the beginning of…
Q: A company applies overhead please solve this question
A: Step 1: Define Predetermined Overhead RateThe predetermined overhead rate is always estimated at the…
Q: Provide solution for these financial accounting question
A: Given:Debt to equity ratio (D/E) = 0.5Debt (D) = $20,000Interest rate on debt (Rd) = 5%Expected…
Q: FINANCIAL ACCOUNTING II
A:
Q: provide answer this account questions. NO AI use strictly
A: BANDS Step 1: Calculate the goods available for sale COGS - Cost of goods available for sale…
Q: General accounting
A: Calculation of cost of equity using both the Dividend Discount Model (DDM) and the Security Market…
Step by step
Solved in 2 steps
- A worker takes 9 hours to complete a job on daily wages and 6 hours on a scheme of payment by results. His day rate is $ 0. 75 an hour, the material cost of the product is $ 4 and the overheads recovered at 150% of the total direct wages. Calculate the factory cost of the products Overheads are Under: (a) Piece Work Plan, (b) Rowan Plan, and (c) Halsey Plan.a. Incurred $105,000 of direct labor in its Mixing department and $90,000 of direct labor in its Shaping department. Hint. Credit Factory Wages Payable. b. Incurred indirect labor of $23,000. Hint. Credit Factory Wages Payable. View transaction list Journal entry worksheetA manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $353,700 and direct labor hours would be 47,300. Actual manufacturing overhead costs incurred were $319,500, and actual direct labor hours were 52,400. The journal entry to apply the factory overhead costs for the year would include a Oa. debit to Factory Overhead for $391,952 Ob. credit to Factory Overhead for $391,952 Oc. debit to Factory Overhead for $319,500 Od. credit to Factory Overhead for $353,700
- A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $357,800 and direct labor hours would be 47,300. Actual manufacturing overhead costs incurred were $306,900, and actual direct labor hours were 52,100. The entry to apply the factory overhead costs for the year would include a a.credit to Factory Overhead for $393,876 b.debit to Factory Overhead for $306,900 c.debit to Factory Overhead for $393,876 d.credit to Factory Overhead for $357,800 The Aleutian Company produces two products, Rings and Dings. They are manufactured in two departments—Fabrication and Assembly. Data for the products and departments are listed below. Product Number ofUnits Labor HoursPer Unit Machine HoursPer Unit Rings 960 4 3 Dings 2,050 7 9 All of the machine hours take place in the Fabrication Department, which has an estimated overhead of $89,500. All of the labor hours take place…General AccountingLABOR The following workers of 888 Millenial Sardines, Inc. with their compensation and status are given below: Monthly No. Name of Worker Position Monthly Basic Pay Allowances Production Operator Accounting Manager 15,000.00 40,000.00 18,000.00 22,000.00 30,000.00 20,000.00 25,000.00 12,000.00 13,000.00 26,000.00 Lei Kalang Iselle Balibago 1 15,000.00 1,500.00 500.00 2 3 Dino Dinero Production Staff I 4 Robin Devela Assembler III Marketing Supervisor Production Staff II 5,000.00 1,500.00 Rickman De Guzman Ma. Pepsi Nicola Liwayway Dalamhati Xander Toyota Rafael Rodriguez Sheryl Delara 6 Purchasing Staff Company Driver Maintenance Staff 7 9 10 Assembler V 1,000.00 Other Information: А. Assume that the payroll period is every 15th and 30th of the month. SSS, HDMF and PHIC contributions are deducted every 30th of the month Withholding tax is deducted every 15th and 30th of the month. Lei Kalang has a monthly SSS salary loan amortization of P 500 and Liwayway Dalamhati has a monthly HDMF…
- A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $348,700 and direct labor hours would be 41,800. Actual manufacturing overhead costs incurred were $317,200, and actual direct labor hours were 50,100. The journal entry to apply the factory overhead costs for the year would include a a.debit to Factory Overhead for $317,200 b.credit to Factory Overhead for $417,834 c.debit to Factory Overhead for $417,834 d.credit to Factory Overhead for $348,700Kingston manufacturing has the solve this questionA company that uses job order costing incurred a monthly factory payroll of $200,000. Of this amount, $52,000 is indirect labor and $148,000 is direct labor. Prepare journal entries to record the (a) use of direct labor and (b) use of indirect labor. View transaction list Journal entry worksheet 1 2 > Record the cost of direct labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit а. Record entry Clear entry View general journal
- 3A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $349,900 and direct labor hours would be 47,000. Actual manufacturing overhead costs incurred were $303,900, and actual direct labor hours were 52,500. The journal entry to apply factory overhead costs for the year would include a A. Credit to factory overhead for 349,900 B. Debit to factory overhead for 390,600 C. Credit to factory overhead for $390,600 D. Debit to factory overhead for $303,900Total gross wages?
