Entries by mary WAMBUGU

During FY 2016, Alpha Company recorded total of factory overhead costs of $250,000. Additionally, Alpha applied a total of $245,000 of factory overhead to various job orders during FY 2016.

August 30, 2019 in /by

1.During FY 2016, Alpha Company recorded total of factory overhead costs of $250,000. Additionally, Alpha applied a total of $245,000 of factory overhead to various job orders during FY 2016. Use this information to prepare the adjusting General Journal entry (without explanation) to close any over or under application of factory overhead. If no entry is […]

 

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Today’s college tuition rates have gone up much faster than the rate of inflation. Some politicians and advocates for free college suggest that we should forgive all of the $1.5 trillion in student debt (which continues to rise) and make college free.

August 30, 2019 in /by

Today’s college tuition rates have gone up much faster than the rate of inflation. Some politicians and advocates for free college suggest that we should forgive all of the $1.5 trillion in student debt (which continues to rise) and make college free. The problem remains, however, that college is not free. Therefore, who should pay for it: students, […]

 

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Donnelly Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.50 each, and the variable cost to manufacture them was $2.25 per unit.

August 30, 2019 in /by

Donnelly Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.50 each, and the variable cost to manufacture them was $2.25 per unit. The company needed to sell 20,000 shirts to break even. The net income last year was $5,040. Donnelly’s expectations for the coming year include […]

 

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Two things that I noticed in the news today are as follows: 1. Elizabeth Warren wants to forgive all student debts

August 30, 2019 in /by

Two things that I noticed in the news today are as follows:1. Elizabeth Warren wants to forgive all student debts 2. President Trump wants to add a checkmark to the 2020 census that indicates whether or not a resident is a citizen. Choose one of these or any other current event of interest, and discuss […]

 

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