Answer:
4284 persons
Explanation:
The new population of the town will be computed as:
Increase in population = Current population × Increase in population %
where
Current population is 4200 persons
Increase in population % is 2%
Putting the values above:
= 4200 persons × 2%
= 84 persons
So, the new population would be:
New population = Current population + Increase in population
= 4200 + 84 persons
= 4284 persons
Therefore, next year, there would be 4284 persons
Answer: Credit to manufacturing overhead of $67000.
Explanation:
The journal entry to record the application of Manufacturing Overhead to Work in Process would be:
Debit Work in Progress $67000
Credit Manufacturing overhead $67000.
( To record the application of manufacturing overhead to work in process).