The polaris company uses a job-order costing system. the following data relate to october, the first month of the company’s fiscal year.

raw materials purchased on account $210,000.

raw materials used to production, $190,000 ($178,000 direct materials amd $12,000 indirect materials).

direct labor cost incurred, $90,000; indirect labor cost incurred, $110,00.

depreciation recorded on factory equipmentnt, $40,000.

other manufacturing overhead costs incurred during october, $70,000 (credit accounts payable).

the company applies manufacturing overhead cost to production on the basis of $8 per machine-hour. a total of 30,000 machine-hours were recorded for october.

production orders costing $520,00 according to their job cost sheets were completed during october and transferred to finished goods.

production orders that had cost $480,000 to complete according to their job cost sheets were shipped to customers during the month. these goods were sold on account at 25% above cost.

prepare journal entries to record the information given above.

prepare t-accounts for manufacturing overhead and work in process. post the relevant information about to each account. compute the ending balance in each account, assuming that work in process has a beginning balance of $42,000.

Suppose that fizzo and pop hop are the only two firms that sell orange soda. the following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: pop hopadvertise doesn’t advertisefizzo advertise 10, 10 18, 2doesn’t advertise 2, 18 11, 11for example, the upper right cell shows that if fizzo advertises and pop hop doesn't advertise, fizzo will make a profit of $18 million, and pop hop will make a profit of $2 million. assume this is a simultaneous game and that fizzo and pop hop are both profit-maximizing firms.if fizzo decides to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if fizzo decides not to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if pop hop advertises, fizzo makes a higher profit if it chooses (not to advertise, to .if pop hop doesn't advertise, fizzo makes a higher profit if it chooses (not to advertise, to . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.again, suppose that both firms start off not advertising. if the firms decide to collude, what strategies will they end up choosing? fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.