Problem 5-180 [LO 5-4] McDermott Company's bank statement for September 30 showed an ending cash balance of $1,532. The company's Cash account in its general ledger showed a $1,190 debit balance. The following information was also available as of September 30. The bank deducted $190 for an NSF check from a customer deposited on September 15. The September 30 cash receipts, $1,380, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement. A $28 debit memorandum for checks printed by the bank was included with the canceled checks. Outstanding checks amounted to $1,340. Included with the bank statement was a credit memo in the amount of $940 for an EFT in payment of a customer’s account. Included with the canceled checks was a check for $340, drawn on the account of another company. Required: a. Prepare a bank reconciliation as Of September 30. b. Prepare the journal entries for items on the company's bank reconciliation as Of September 30.

White company has two departments, cutting and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each department. the cutting department bases its rate on machine-hours, and the finishing department bases its rate on direct labor-hours. at the beginning of the year, the company made the following estimates: department cutting finishing direct labor-hours 6,000 30,000 machine-hours 48,000 5,000 total fixed manufacturing overhead cost $ 264,000 $ 366,000 variable manufacturing overhead per machine-hour $ 2.00 " variable manufacturing overhead per direct labor-hour " $ 4.00 required: 1. compute the predetermined overhead rate for each department. 2. the job cost sheet for job 203, which was started and completed during the year, showed the following: department cutting finishing direct labor-hours 6 20 machine-hours 80 4 direct materials $ 500 $ 310 direct labor cost $ 108 $ 360 using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to job 203. 3. would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.

You have just been hired as a brand manager at kelsey-white, an american multinational consumer goods company. recently the firm invested in the development of k-w vision, a series of systems and processes that allow the use of up-to-date data and advanced analytics to drive informed decision making about k-w brands. it is 2018. the system is populated with 3 years of historical data. as brand manager for k-w’s blue laundry detergent, you are tasked to lead the brand's turnaround. use the vision platform to to develop your strategy and grow blue’s market share over the next 4 years.