Business, 07.07.2021 02:20, jakails828
Journal Entries, T-Accounts Lincoln Brothers Company makes jobs to customer order. During the month of May, the following occurred: Materials were purchased on account for $45,620. Materials totaling $40,880 were requisitioned for use in producing various jobs. Direct labor payroll for the month was $25,600 with an average wage of $16 per hour. Actual overhead of $8,870 was incurred and paid in cash. Manufacturing overhead is charged to production at the rate of $5.40 per direct labor hour. Completed jobs costing $58,000 were transferred to Finished Goods. Jobs costing $59,000 were sold on account for $ 73,850. Make the entry to record the revenue from the sale first, followed by the entry to record the cost of the jobs. Beginning balances as of May 1 were: Materials Inventory $1,300 Work-in-Process Inventory 3,400 Finished Goods Inventory 2,640
Answers: 3
Business, 22.06.2019 00:40, Dailyn
Eileen's elegant earrings produces pairs of earrings for its mail order catalogue business. each pair is shipped in a separate box. she rents a small room for $150 a week in the downtown business district that serves as her factory. she can hire workers for $275 a week. there are no implicit costs. what is the marginal product of the second worker?
Answers: 3
Business, 22.06.2019 21:20, hellodarkness14
What business practice contributed most to andrew carnegie’s ability to form a monopoly?
Answers: 1
Journal Entries, T-Accounts Lincoln Brothers Company makes jobs to customer order. During the month...
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