Business, 04.12.2019 00:31 skdfj3777

Boron chemical company produces a synthetic resin that is used in the automotive industry. the company uses a standard cost system. for each gallon of output, the following direct manufacturing costs are anticipated: direct labor: 3.90 hours at $27.00 per hour $105.30 direct materials: 3.90 gallons at $23.00 per gallon $89.70during december of the current year, boron produced a total of 2,690 gallons of output and incurred the following direct manufacturing costs: direct labor: 10,350 hours worked @ an average wage rate of $21.40 per hour direct materials: purchased: 11,400 gallons @ $23.45 per gallon used in production: 10,600 gallonsboron records price variances for materials at the time of purchase. required: prepare journal entries for the following events and transactions: 1. purchase, on credit, of direct materials.2. direct materials issued to production.3. direct labor cost of units completed this period.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 18:10

Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?

Answers: 1

Answer

Business, 22.06.2019 19:30

Consider the following two projects. both have costs of $5,000 in year 1. project 1 provides benefits of $2,000 in each of the first four years only. the second provides benefits of $2,000 for each of years 6 to 10 only. compute the net benefits using a discount rate of 6 percent. repeat using a discount rate of 12 percent. what can you conclude from this exercise?

Answers: 3

Answer

Business, 22.06.2019 19:30

He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31

Answers: 2

Answer

Business, 22.06.2019 20:20

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine

Answers: 1

Answer

You know the right answer?

Boron chemical company produces a synthetic resin that is used in the automotive industry. the compa...

Questions