View the step-by-step solution to:

#2 Present entries to record the following summarized operations related to production for a company using a job order cost system: (a) Materials...

I have attached the documents with the two questions.
Please look it over and contact me with any questions.

#2 Present entries to record the following summarized operations related to production for a company using a job order cost system: (a) Materials purchased on account $167,000 (b) Prepaid expenses incurred on account 12,200 (c) Materials requisitioned: For production orders 153,700 For general factory use 2,700 (d) Factory labor used: On production orders 141,300 For general factory purposes 12,000 (e) Depreciation on factory equipment 37,000 (f) Expiration of prepaid expenses, chargeable to factory 6,100 (g) Factory overhead costs incurred on account 67,000 (h) Factory overhead applied, based on machine hours 105,300 (i) Jobs finished 415,300 (j) Jobs shipped to customers: cost, $412,000; selling price 638,000
Background image of page 1
#4 . Bonavita Inc. is considering a capital investment proposal that costs $227,500 and has an estimated life of four years and no residual value. The estimated net cash flows are as follows: Year Net Cash Flow 1 $97,500 2 $80,000 3 $60,000 4 $40,000 The minimum desired rate of return for net present value analysis is 10%. The present value of $1 at compound interest rates of 10% for 1, 2, 3, and 4 years is . 909, .826, .751, and .683, respectively. Determine the net present value.
Background image of page 2
Sign up to view the entire interaction

Top Answer

Dear student, A/C Dr. - means that this account is debited. Take example of first entry in journal: S.No.... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online