Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

show sloution steps (4) Explains ROI and visit the website of 3 companies for income statement and balance sheet Calculate ROI for those 3 companies,

image text in transcribed
show sloution steps image text in transcribed
image text in transcribed
(4) Explains ROI and visit the website of 3 companies for income statement and balance sheet Calculate ROI for those 3 companies, and conduct analysis Chapter 19 Practice Question 1) On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requisitioned for production as follows: 7,500 units for Job 200 at $8 per unit and 1,480 units for Job 305 at $5 per unit Journalize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom. Refer to the Chart of Accounts for exact working of account titles Date Description Debit Credit 1 May 7 Materials 80,000 Account Payable 80,000 31 Work in Process 67,400 4 Materials 67,400 -NM 2) During May, Bergan Company accumulated 2,500 hours of direct labor cost on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for job 200 and $24 per direct labor hour for job 305. Journalize the entry to record the flow of labor cost into production during May. Refer to the Chart of Accounts for exact wording of account titles. Date Description Debit Credit 1 May 30 Work in Process 142,000 2 Wages Payable 142,000 3) During May, Bergan Company incurred factory overhead costs as follows: Indirect materials, $8,800; indirect labor, $6,600; utilities cost, $4,800; and factory depreciation, $9,000. Credit Debit 29,200 Date Description 1 May 30 Factory Overhead 2 Materials 3 Wages Payable Utilities Payable 5 Accumulated Depreciation-Factory 8,800 6,600 4,800 9,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing Basics Video Learning Guide

Authors: Charles A. Cianfrani & John E. West, James P. Gildersleeve

1st Edition

1891578251, 978-1891578250

More Books

Students also viewed these Accounting questions

Question

Find div v and its value at P. v = (x 2 + y 2 ) -1 [x, y]

Answered: 1 week ago

Question

=+Show that un is finitely additive and countably subadditive on o.

Answered: 1 week ago

Question

25.0 m C B A 52.0 m 65.0 m

Answered: 1 week ago

Question

6. Explain the power of labels.

Answered: 1 week ago

Question

10. Discuss the complexities of language policies.

Answered: 1 week ago