Business, 22.02.2020 05:21, bigbrogamer
Job-Order Costing VariablesOn July 1, Job 46 had a beginning balance of $740. During July, prime costs added to the job totaled $620. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,600.Required:1. What was overhead applied to the job during July?$ 2402. What was direct materials for Job 46 for July? Direct labor? If rounding is required, round your answers to the nearest cent. Direct labor $ 155Direct materials $ 4653. Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company? Round your answer to the nearest whole percent. %I cannot seem to get number 3.Here are some hints:1. Find overhead applied by adding beginning balance to prime costs and subtracting from ending balance.2. Set up equation for prime cost using direct materials and direct labor. Let direct materials equal 3 times direct labor.3. Divide overhead by the direct labor for the rate.
Answers: 3
Business, 22.06.2019 09:30, missheyward30
What is the relationship among market segmentation, target markts, and consumer profiles?
Answers: 2
Business, 22.06.2019 10:10, cuthbertson157
conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?
Answers: 2
Business, 22.06.2019 19:00, nativebabydoll35
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
Answers: 1
Business, 22.06.2019 20:20, cjp271
Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine
Answers: 1
Job-Order Costing VariablesOn July 1, Job 46 had a beginning balance of $740. During July, prime cos...
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