Which investment strategy would work best if you wanted to grow your

Watson, Inc. applies overhead cost based on direct labor hours. In completing the 200 units in job #120, the company incurred $1

andriy [413]

Answer:

Total cost= $24,000

Explanation:

Giving the following information:

Watson, Inc. applies overhead costs based on direct labor hours. In completing the 200 units in job #120, the company incurred $12,000 in direct materials and 500 direct labor hours at $18 per hour. The predetermined overhead rate is $6 per direct labor hour.

Total cost= direct material + direct labor + manufacturing overhead

Total cost= 12,000 + 500*18 + 6*500= $24,000

3 0

3 years ago

Open a general journal for the City of Monroe Community Foundation Trust Fund and record the following transactions for the year

ICE Princess25 [194]

Answer:

The beginning part of the question is found below:

The City of Monroe Scholarship Foundation private-purpose trust fund had the following account balances on January 1, 2017:

Debits Credits

Cash $49,500

Accrued Interest Receivable $7,500

Investments in Corporate Bonds $750,000

Net Assets Held in Trust $807,000

Totals $ 807,000 $ 807,000

Find below the necessary journal entries in the explanation section:

Explanation:

The interest received =6%*$750,000*6/12=$22,500

Dr Cash $22,500

Cr Interest income(balance) $15,000

Cr Accrued interest receivable $7,500

Additional funds of $205,500 received:

Dr Cash $205,500

Cr donation income $205,500

the investment of $200,000 in corporation stock

Dr investment in corporation stocks $200,000

Cr Cash $200,000

receipt of half of the year annual interest on bonds(as calculated above at $22,500)

Dr cash $22,500

Cr Interest income $22,500

cash is debited when there is an inflow and credited in case of outflows

The investment account is debited because it is an asset

8 0

3 years ago

Steinway produces concert grand pianos, often using the custom materials and designs desired by a specific customer. The average

vovangra [49]

Answer:

Cost-Plus

Explanation:

Cost plus pricing is a system of determining the selling price of an item by adding a determined amount called mark-up to the total cost of producing the item.Its purpose is to ensure that cost are fully recovered and profit are also made.

In a less competitive environment like Steinway's own , where pianos are being produced to the specification of waiting customers , this gives a good opportunity for cost plus marketing as threats from competitors are minimal or even nil.

6 0

3 years ago

If a financial analyst divides a company's cost of goods sold for year 2 by its cost of goods sold for year 1, he/she is perform

Sedbober [7]

If a financial analyst divides a company's cost of goods sold for year 2 by its cost of goods sold for year 1, he/she exists performing percentage analysis approach for horizontal analysis.

<h3>What is cost of goods sold?</h3>

The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on the nature of your firm, this could also include raw materials, packaging, direct labor involved in making or selling the product, and items bought for resale.

Costs of Goods Sold (COGS) are the expenses incurred over a specific time period to produce your goods. COGS is calculated as initial inventory plus purchases minus ending inventory. An income statement's cost of goods sold (COGS) column lists the costs incurred by a business to produce, procure, and deliver a commodity or service to the final consumer.

The direct charge, cost, or expense related to producing goods and services that are sold to consumers at retail is known as the cost of goods sold. Overhead costs like rent, security fees, communication fees, etc. are not included in COGS.

Hence, If a financial analyst divides a company's cost of goods sold for year 2 by its cost of goods sold for year 1, he/she exists performing percentage analysis approach for horizontal analysis.

To learn more about cost of goods sold refer to:

brainly.com/question/24561653

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8 0

1 year ago

Poor business management is a cause of many small-business failures.<br><br>

MAXImum [283]

Answer:

True....its very very true..

6 0

2 years ago