Wyman Corporation uses a process costing system. The company manufactured certain goods at a cost of $880 and sold them on credit to Percy Corporation for $1,235. The complete journal entry to be made by Wyman at the time of this sale is:

Food, water, and shelter will not attract insects and rodents if recyclables are stored in

Which type of investment offers both capital gains and interest income? a. property b. cds c. stocks d. bonds

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.