The following transactions of Jaker Ltd. occurred in the month of January 2016: Date: 1 Borrowed $12,500 from the bank. 3 Issued 2,200 common shares for $22,000. 5 Purchased inventory on account totalling $24,700. 9 Bought computer equipment costing $8,000 for $4,000 cash and the balance on account. 15 Made sales totalling $25,000, of which $9,000 were on account. The cost of the products sold from inventory was $14,000. 19 Made payments to suppliers totalling $15,000. 25 Collected on account from customers totalling $7,800. 27 Made sales totalling $10,500, all on account. The cost of the products sold from inventory was $7,600. 28 Employees earned wages of $2,400 during the month, of which $2,200 was paid. 28 Incurred $800 of utilities expenses during the month. Required: Analyze and record these transactions using the template method.
The following transactions of Jaker Ltd occurred in the month
Using budget data, how many Apple iPhone 4’s would have to have been completed for Danshui Plant No. 2 to break even? 2. Using budget data, what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to...