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ikadub [295]
1 year ago
7

ILL MARK BRANLEST

Business
2 answers:
Andrew [12]1 year ago
5 0
This correct answer is True
sergey [27]1 year ago
3 0

Answer:

Yes the answer is True

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MC Qu. 152 Adams Manufacturing allocates... Adams Manufacturing allocates overhead to production on the basis of direct labor co
MAXImum [283]

Answer:

$1.60 per direct labor hour

Explanation:

Overhead application rate = Budgeted Overheads ÷ Budgeted Activity

hence,

Overhead application rate  = $364,800 ÷ $228,000

                                             = $1.60 per direct labor hour

6 0
3 years ago
Johnny’s Drive-in pays its employees bi-weekly. The first payday of 2014 will be on January 3 and will compensate employees for
Sonbull [250]

Answer:

Accounts

Wages Expense

Wages Payable

$100,000

$100,000

Explanation:

As the expense is accrued but not paid at the end of 2013. The transaction requires an adjusting entry. This will charge a wages expense and create the wages payable liability. Ultimately on January 3 it will be paid. Wages for the two weeks are $100,000 and the 14 days has been passed for the pay period until year end of 2013.

5 0
3 years ago
If a proposed expenditure of $80,000 for a fixed asset with a 4-year life has an annual expected net cash flow and net income of
Whitepunk [10]

Answer: a. true

Explanation:

Cash payback period shows the amount of time it will take for cash inflows from an investment to pay off the investment.

Cash payback period = Investment/ Cash inflow

= 80,000/32,000

= 2.5 years

<em>Statement is proven true. </em>

6 0
3 years ago
Westfall Industries began 2018 with accounts​ receivable, inventory, and prepaid expenses totaling $ 50 comma 000 and its total
Dafna11 [192]

Answer:

The cash flows from operating activities for 2018 is $99,000.

Explanation:

Westfall Industries

Statement of cash flows (extract)

Net income                                                 $81,000

Add Loss on the sale of land                        4,000

       Depreciation expense                           8,000

       Decrease in current asset                     2,000

       Increase in current liabilities                  4,000

Cash flows from operating activities      $99,000

  • Decrease in current assets was arrived at by comparing the closing balance of $48,000 to the opening balance of $50,000.
  • Increase in current liabilities was arrived at by comparing the closing balance of $40,000 to the opening balance of $36,000.

5 0
3 years ago
The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are prese
tamaranim1 [39]

Answer:

The answer is attached;

Explanation:

Download xlsx
5 0
3 years ago
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