Sophie miller associates surveys american eating habits. the company's accounts include land, buildings, office equipment, and communication equipment, with a separate accumulated depreciation account for each asset. during 2016, sophie miller completed the following transactions: (click the icon to view the transactions.) record the transactions in the journal of sophie miller associates. (record debits first, then credits. select the explanation on the last line of the journal entry table.) jan. 1 purchased office equipment, $111,000. paid $73,000 cash and financed the remaining with a note payable. (record a single compound journal entry.) date accounts and explanation debit credit jan. 1 office equipment 111,000 73,000 cash 38,000 notes payable to record purchase of office equipment with cash and note payable apr 1: acquired land and communication equipment in a lump-sum purchase. total cost was $350,000 paid in cash. an independent appraisal valued the land at $275,625 and the communication equipment at $91,875 (record a single compound journal entry.) accounts and explanation date debit credit apr 1 land communication equipment 350,000 cash to record purchase of land and communication equipment with cash.

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02