Exercise 3-5 journal entries and t-accounts [lo3-1, lo3-2] the polaris company uses a job-order costing system. the following transactions occurred in october: raw materials purchased on account, $211,000. raw materials used in production, $191,000 ($152,800 direct materials and $38,200 indirect materials). accrued direct labor cost of $48,000 and indirect labor cost of $21,000. depreciation recorded on factory equipment, $105,000. other manufacturing overhead costs accrued during october, $131,000. the company applies manufacturing overhead cost to production using a predetermined rate of $6 per machine-hour. a total of 76,300 machine-hours were used in october. jobs costing $512,000 according to their job cost sheets were completed during october and transferred to finished goods. jobs that had cost $453,000 to complete according to their job cost sheets were shipped to customers during the month. these jobs were sold on account at 30% above cost. required: 1. prepare journal entries to record the transactions given above. 2. prepare t-accounts for manufacturing overhead and work in process. post the relevant transactions from above to each account. compute the ending balance in each account, assuming that work in process has a beginning balance of $35,000.

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court.the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court.because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located.because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center.because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.