Problem - 1 Following transactions are given to you:

2073 Shrawan

1 Business started with cash Rs.1,00,000.

2073 Shrawan 3 Purchased goods for cash Rs.20,000.

2073 Shrawan 7 Sold goods for cash Rs.17,000.

2073 Shrawan 10 Paid rent Rs.9,000.

2073 Shrawan 17 Purchased goods from Kedar for Rs.24,000.

2073 Shrawan 20 Paid wages Rs.4,000.

Required:

a) Journal entries

c) Purchases account

148 Accounting

b) Capital account

d) Cash account

If tracking employees through technology is not illegal, why should megan be concerned if she is not involved in any misconduct?

Prairie, inc. produces one single product. it has an annual capacity of 10,000 units, but currently uses only 80% of it. each unit is sold for $50 and requires direct material worth $30 and direct labor worth $5. manufacturing overhead cost is $10 per unit of which 70% is variable. should a special order to sell 1,000 units at $44 be accepted? yes no

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)