Hart company made 4,100 bookshelves using 23,000 board feet of wood costing $255,300. the company's direct materials standards for one bookshelf are 6 board feet of wood at $11.00 per board foot.

hart company records standard costs in its accounts and its materials variances in separate accounts when it assigns materials costs to the work in process inventory account.

(1) prepare the journal entry that both charges the direct materials costs to the work in process inventory account and records the materials variances in their proper accounts.
(2) assume that hart's materials variances are the only variances accumulated in the accounting period and that they are immaterial. prepare the adjusting journal entry to close the variance accounts at period-end.

prepare the journal entry that both charges the direct materials costs to the work in process inventory account and records the materials variances in their proper accounts

assume that hart’s materials variances are the only variances accumulated in the accounting period and that they are immaterial. prepare the adjusting journal entry to close the variance accounts at period-end.

The balance sheet contains the following major sections: current assets long-term investments property, plant, and equipment intangible assets other assets current liabilities long-term liabilities contributed capital retained earnings accumulated other comprehensive income required: the following is a list of accounts. using the letters a through j, indicate in which section of the balance sheet each of the accounts would be classified. if an account does not belong under one of the sections listed, select "not under any of the choices" from the classification drop down box. for all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no". account classification contra or deducted (yes/no) 1. cash 2. bonds payable (due in 8 years) 3. machinery 4. deficit 5. unexpired insurance 6. franchise (net) 7. fund to retire preferred stock 8. current portion of mortgage payable 9. accumulated depreciation 10. copyrights 11. investment in held-to-maturity bonds 12. allowance for doubtful accounts 13. notes receivable (due in 3 years) 14. property taxes payable 15. deferred taxes payable 16. additional paid-in capital on preferred stock 17. premium on bonds payable (due in 8 years) 18. work in process 19. common stock, $1 par 20. land 21. treasury stock (at cost) 22. unrealized increase in value of available-for-sale securities

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $