Business, 20.09.2019 19:10, lizzidubois
The work in process inventory account of a manufacturing firm shows a balance of $3,000 at the end of an accounting period. the job cost sheets of the only two uncompleted jobs show charges of $500, & $300 for materials, & charges of $400 & $600 for direct labor. from this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of: a) 83%.b) 120%.c) 40%.d) 300%
Answers: 1
Business, 21.06.2019 19:30, gymnastattack
Which of the following correctly describes the accounting for indirect labor costs? indirect labor costs are product costs and are expensed as incurred. indirect labor costs are period costs and are expensed when the manufactured product is sold. indirect labor costs are period costs and are expensed as incurred. indirect labor costs are product costs and are expensed when the manufactured product is sold.
Answers: 3
Business, 22.06.2019 05:50, Haddixhouse8948
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 2
Business, 22.06.2019 11:50, chas8495
True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.
Answers: 2
The work in process inventory account of a manufacturing firm shows a balance of $3,000 at the end o...
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