Business
Business, 26.10.2019 05:43, jelopez4

Burlington clock works manufactures fine, handcrafted clocks. the firm uses a job-order costing system, and manufacturing overhead is applied on the basis of direct-labor hours. estimated manufacturing overhead for the year is $240,000. the firm employs 10 master clockmakers, who constitute the direct-labor force. each of these employees is expected to work 2,000 hours during the year, which represents each employee’s practical capacity. the following events occurred during october. a. the firm purchased 3,000 board feet of mahogany veneer at $11 per board foot. b. twenty brass counterweights were requisitioned for production. each weight cost $23.c. five gallons of glue were requisitioned for production. the glue cost $20 per gallon. glue is treated as an indirect material. d. depreciation on the clockworks building for october was $8,000.e. a $400 utility bill was paid in cash. f. time cards showed the following usage of labor: job number g60: 12 grandfather’s clocks, 1,000 hours of direct labor job number c81: 20 cuckoo clocks, 700 hours of direct labor the master clockmakers (direct-labor personnel) earn $20 per hour. g. the october property tax bill for $910 was received but has not yet been paid in cash. h. the firm employs laborers who perform various tasks such as material handling and shop cleanup. their wages for october amounted to $2,500.i. job number g60, which was started in july, was finished in october. the total cost of the job was $14,400.j. nine of the grandfather’s clocks from job number g60 were sold in october for $1,500 each. prepare journal entries to record the events described aboveex

answer
Answers: 3

Other questions on the subject: Business

image
Business, 23.06.2019 00:30, HottheadAnthony7234
Shelly bought a house five years ago for $150,000 and obtained an 80% loan. now the home is worth $140,000 and her loan balance has been reduced by $12,000. what is shelly's current equity?
Answers: 3
image
Business, 23.06.2019 03:20, schuenkelisa
Which of the following traits indicate that stephanie is good at time management in her new management role? during the work day, stephanie does not know what to do next. stephanie's work space is crowded and cluttered. stephanie uses breaks during work to see what friends are up to on social media. stephanie keeps a schedule for events, meetings, and deadlines.
Answers: 1
image
Business, 23.06.2019 10:10, choiboiqg8443
Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows:
Answers: 1
image
Business, 23.06.2019 19:00, rrarick3407
The average u. s. household has $178,600 in life insurance. the standard deviation is $25,500. a local insurance agent would like to see how households in his city compare to the national average, and selects a simple random sample of 30 households from the city. for the households in the city, the average amount of life insurance is $188,800. a. based on the sample results, construct a 95% confidence interval for the true average amount of life insurance for households in the city. b. test the h0 : $178,600 ? ? to determine if the city's sample average is significantly different from the u. s. average amount of life insurance per household. use the conventional levels of significance.
Answers: 2
Do you know the correct answer?
Burlington clock works manufactures fine, handcrafted clocks. the firm uses a job-order costing syst...

Questions in other subjects: