Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31 st October 2019.

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Answer 1

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Chapter 3, Problem 22AE

To determine

Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31^st October 2019.

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A company with fixed manufacturing cost of $500,000 produces 100,000 units in 2008 and 125,000 units in 2009. The company sells 90,000 units each in 2008 and 2009. Other cost and selling price are unchanged for 2008 and 2009. Which of the following would be most correct? a. variable costing income would be greater in 2009 than in 2008 b. full costing income would be greater in 2009 than in 2008 c. variable costing income will be the same in 2008 and 2009 d. both B and C are correct

Roberts Corp., which began business at the start of the current year, had the following data: Planned and actual production: 40,000 units Sales: 37,000 units at $15 per unit Production costs: Variable: $4 per unit Fixed: $260,000 Selling and administrative costs: Variable: $1 per unit Fixed: $32,000 The contribution margin that the company would disclose on a variable-costing income statement is: a. $97,500 b. $147,000 c. $166,500 d. $370,000 e. None of the other answers are correct.

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Answer 2

Question

Chapter 3, Problem 22AE

To determine

Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31^st October 2019.

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Answer 3

Question

Chapter 3, Problem 22AE

To determine

Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31^st October 2019.

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Answer 4

Question

Chapter 3, Problem 22AE

To determine

Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31^st October 2019.

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Answer 5

Chapter 3, Problem 22AE

To determine

Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31^st October 2019.

Answer 6

Chapter 3, Problem 22AE

To determine

Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31^st October 2019.

Answer 7

Chapter 3, Problem 22AE

To determine

Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31^st October 2019.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 3 - If XYZ Consulting performs a consulting service,...Ch. 3 - Prob. 2DQ Ch. 3 - Prob. 3DQ Ch. 3 - Prob. 4DQ Ch. 3 - Prob. 5DQ Ch. 3 - Prob. 6DQ Ch. 3 - Prob. 7DQ Ch. 3 - Prob. 8DQ Ch. 3 - What kind of account is accumulated depreciation?...Ch. 3 - Prob. 10DQ

Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31 st October 2019.

Solution Summary: The author explains that the T-account is the form of the ledger account, where the journal entries are posted to this account.

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Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31^st October 2019.

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Chapter 3 Solutions

Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31 st October 2019.

Solution Summary: The author explains that the T-account is the form of the ledger account, where the journal entries are posted to this account.

Concept explainers

Videos

Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31st October 2019.

Want to see the full answer?

Chapter 3 Solutions

Compute the amount of supplies expense, salaries expense and service revenue of Incorporation AC by using the T-account for the year ended 31^st October 2019.