Spencer inc. applies overhead to production at a predetermined rate of 80% based on direct labor cost. job no. 130, the only job still in process at the end of august, has been charged with manufacturing overhead of $5,000. what was the amount of direct materials charged to job 130 assuming the balance in work in process inventory is $20,000?

The amount of the direct materials which are charged to job 130 and assuming that the balance in work in process inventory is $20,000 is $14,800. The answer to the following question that was stated is $14,800 and that is the amount of the direct materials.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan