Childers company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. the fund was last reimbursed on november 30. at the end of december, the fund contained the following petty cash receipts: december 4 freight charge for merchandise purchased $ 61december 7 delivery charge for shipping to customer $ 85december 12 purchase of office supplies $ 50december 18 donation to charitable organization $ 69if, in addition to these receipts, the petty cash fund contains $227.25 of cash, the journal entry to reimburse the fund on december 31 will include: a debit to petty cash of $111.a credit to cash over and short of $7.75.a credit to cash of $272.75.a credit to office supplies of $85.a debit to transportation-in of $111.

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next

Need true or false 1 2 3 4 5 6 7 8