Written Question 4 – Part 3 Prepare the journal entry to clo…

Written Question 4 – Part 3 Prepare the journal entry to close out the overhead accounts assuming that the write-off to cost of goods sold approach is used. Make sure to clearly indicate debits and credits. (3 points) Tip: You can copy the table below into the text box and use it to enter the journal entry; this will ensure the integrity of the formatting. Account Debit Credit  

Written Question 6 When 50,000 units are produced and sold,…

Written Question 6 When 50,000 units are produced and sold, total variable costs are $2,000,000. When 250,000 units are produced and sold, total cost per unit is $45. This information is illustrated in the table below.     Fill in the missing values for 50,000 units, for 125,000 units, and for 250,000 units in the spaces below. Only enter numeric values (no spaces, no commas, no dollar signs, etc.). If rounding is not needed, enter integer values. If rounding is needed, round to 1 decimal (e.g., round 4.92 to 4.9). (8 points) For 50,000 units Totals Costs ($) Variable Cost 2,000,000 Fixed Cost Total Cost Cost per Unit Variable cost per unit Fixed cost per unit Total cost per unit   For 125,000 units Totals Costs ($) Variable Cost Fixed Cost Total Cost Cost per Unit Variable cost per unit Fixed cost per unit Total cost per unit   For 250,000 units Totals Costs ($) Variable Cost Fixed Cost Total Cost Cost per Unit Variable cost per unit Fixed cost per unit Total cost per unit 45  

Written Question 5 Gazorpazorp Enterprises produces robotic…

Written Question 5 Gazorpazorp Enterprises produces robotic wheels and uses process costing to assign costs. Production begins in the manufacturing department. Once manufacturing is complete, units are transferred to the assembly department. This question focuses on the assembly department, which has the following information:    Note: When entering your solution, use numeric values only (no commas, no dollar signs, no spaces, etc.). For cost per equivalent unit, round your answer to the nearest cent if rounding is needed (e.g., round 3.721 to 3.72). Enter integer values for the costs assigned to ending inventory and completed units.