Entries by mary WAMBUGU

Alpha Company estimates that annual manufacturing overhead cost will be $900,000. Estimated annual operating activities are: direct labor cost $450,000, direct labor hours 300,000 and machine hours 100,000.

August 25, 2019 in /by

Alpha Company estimates that annual manufacturing overhead cost will be $900,000. Estimated annual operating activities are: direct labor cost $450,000, direct labor hours 300,000 and machine hours 100,000. a. Compute the predetermined overhead rate for each activity base. b. If Job 101 has 60,000 direct labor hours, compute the manufacturing overhead that it should be […]

 

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The following totals are used to create a CVP Income Statement for Frederick Company for FY2018: Frederick Company

August 25, 2019 in /by

The following totals are used to create a CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures For the Year Ended 12/31/18 Sales (100 units) $10,000 Variable Costs:      Direct Labor $1,900      Direct Materials 1,650      Factory Overhead (variable) 2,000      Selling Expenses (variable) 600      Administrative Expenses (variable) 500 Fixed Costs:      Factory Overhead (fixed) […]

 

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Alpha Company prepares annual adjusting entries only. During the third quarter of Fiscal Year 2017, Alpha Company acquired the following trading securities:

August 25, 2019 in /by

Alpha Company prepares annual adjusting entries only. During the third quarter of Fiscal Year 2017, Alpha Company acquired the following trading securities: Date Company # of Shares Price per Share 15-Aug Yankee Company 1,500 $50 25-Sep X-ray Company 1,250 30 30-Sep Zulu Company 1,000 26 On November 10th, Alpha Company sold the X-ray Company stock […]

 

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What would the journal entry look like? not sure how to word the entry? Petty cash debit for $250? Alpha Company established a petter cash fund on July 1, 2017 by writing a cheque in the following amount of $500 and placing the proceeds into a strong box.

August 25, 2019 in /by

What would the journal entry look like? not sure how to word the entry? Petty cash debit for $250?Alpha Company established a petter cash fund on July 1, 2017 by writing a cheque in the following amount of $500 and placing the proceeds into a strong box. The custodian, Mr. Faithfully Honest accepted the responsibility […]

 

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