Business
Business, 05.05.2020 06:53, dawnparker71

Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,800 of direct materials, $6,966 of direct labor, and $9,936 of manufacturing overhead cost. The company assigns an overhead cost to jobs using the predetermined overhead rate of $18.40 per direct labor-hour. During May, the following activity was recorded:Raw materials (all direct materials): Beginning balance $8,500Purchased during the month $38,000Used in production $39,300Labor: Direct labor-hours worked during the month 1,900Direct labor cost incurred $24,510Actual manufacturing overhead costs incurred $33,300Inventories: Raw materials, May 30 ?Work in process, May 30 $16,937Work in process inventory on May 30 contains $3,741 of direct labor cost. Raw materials consist solely of items that are classified as direct materials. The entry to dispose of the underapplied or overapplied manufacturing overhead cost for the month would include a:a: credit of $5,336 to Manufacturing Overhead. b: credit of $1,660 to Manufacturing Overhead. c: debit of $5,336 to Manufacturing Overhead. d: debit of $1,660 to Manufacturing Overhead.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 16:10, georgesarkes12
Weber company purchases $44,270 of raw materials on account, and it incurs $52,730 of factory labor costs. supporting records show that (a) the assembly department used $27,580 of raw materials and $33,320 of the factory labor, and (b) the finishing department used the remainder. manufacturing overhead is assigned to departments on the basis of 150% of labor costs. journalize the assignment of overhead to the assembly and finishing departments. account titles and explanation debit credit
Answers: 2
image
Business, 22.06.2019 08:20, XAINEE
Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above
Answers: 2
image
Business, 22.06.2019 11:30, deedivinya
What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?
Answers: 1
image
Business, 22.06.2019 19:00, bussbhsvssu557
The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?
Answers: 1
Do you know the correct answer?
Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,800 of di...

Questions in other subjects:

Konu
English, 06.10.2019 22:30
Konu
Mathematics, 06.10.2019 22:30
Konu
English, 06.10.2019 22:30