Following are the merchandising transactions of Dollar Store . Nov. 1 Dollar Store purchases merchandise for $ 3,000 on terms of 2/5 , n / 30 , FOB shipping point , invoice dated November 1 . Dollar Store pays cash for the November 1 purchase . 7 Dollar Store discovers and returns $ 200 of defective merchandise purchased on November 1 , and paid for on November , for a cash refund . 10 Dollar Store pays $ cash for transportation costs for the November 1 purchase . 13 Dollar Store sells merchandise for $ 3,240 with terms n / 30 . The cost of the merchandise is $ 1,620 . 16 Merchandise is returned to the Dollar Store from the November 13 transaction . The returned items are priced at 285 and cost $ 143 ; the items were not damaged and were returned to inventory . Journalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work