Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. techsolvers produces 8-foot usb cables. during the

TechSolvers produces 8-foot USB cables. During the past year, the company purchased 498,600 feet of...

80.2K

Verified Solution

Question

Accounting

imageimageimage

TechSolvers produces 8-foot USB cables. During the past year, the company purchased 498,600 feet of plastic-coated wire on account at a price of $0.25 per foot. The direct materials standard for the cables allows 8.70 feet of wire at a standard price of $0.23. During the year, the company used a total of 564,600 feet of wire to produce 65,000 8-foot cables. (a) Prepare the journal entry to record the purchase of wire. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record the purchase of wire) (b) Prepare the journal entry to record the use of wire. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record the use of wire)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

9 b12

Algebra
Q

How you should think about the SYSTEM of technology. how is it created, maintained, implemented? are...

Operations Management
Q

Viruses bacteria and transposons are examples of what type of mutagen A biological agents B...

Biology
Q

d is initially attracted and If the instantaneous magnetic flux and induced emf produced in...

Physics
Q

Attempt In Progress Bramble Corp budgeted manufacturing costs for 65000 tons of steel are Fixed...

Basic Math
Q

1. City Hospital, a nonprofit organization, estimates that it can save $28,000 a year in...

Accounting
Q

Presented here wre summarized data from the balance sheets and income statements of Wiper Incorporated:...

Accounting
Q

Industrial and consumer prducts have similar characteristics and can be sold through similar channels. Select...

Accounting
Q

Prepare an amortization schedule for the 1st 2 years (effective method) using the following data:...

Accounting
Q

Read the case study A Wolf in Sheeps Clothing on pages 119-121 in Principles of...

Accounting
Q

240 people are asked how many siblings they have? # of Siblings Frequency Relative Frequency...

Accounting
Q

Required information [The following information applies to the question's displayed below.] The...

Accounting