Answer:
The $1,200,000 should be accounted for in Grove’s special revenue funds
Explanation:
Special revenue fund: The special revenue fund is a fund that is introduced by the government to collect the money from the public. It is made to fulfill the need for specific purposes/ projects.
The computation of special revenue funds is shown below:
= Income received for providing the meals to the needy people + financing of sales tax with respect to tourist facilities maintenance in the shopping district
= $300,000 + $900,000
= $1,200,000
Answer:
Fixed overhead application rate
= <u>Budgeted fixed overhead</u>
Budgeted direct labour hours
= <u>$114,000</u>
60,000 hrs
= $1.90 per direct labour hour
Amount of overhead applied to job X387: $
Variable overhead $4.90 x 170 hours = 833
Fixed overhead $1.90 x 170 hours = 323
1,156
Explanation:
In this case, there is need to calculate the fixed overhead application rate based on direct labour hours by dividing the the budgeted fixed overhead by budgeted direct labour hours. Then, we will calculate the overhead applied to Job X387 by multiplying the fixed and variable application rate by actual direct labour hours of 170 hours.
Answer: Check attachment
Explanation:
In the attachment, note that:
On July 14:
Account payable was calculated as:
= $4400 - $300
= $4100
Merchandise Inventory = $4100 × 2%
= $4100 × 2/100
= $4100 × 0.02
= $82
Cash = $4100 - $82 = $4018.
Check attachment for further explanation.
Answer: Controlling
Explanation:
Controlling is a management process which involves comparing the outcome of an organization's processes to the targets set for those processes beforehand, and taking corrective measures in case the outcome is deviating from the set targets. For example, a manager of a business running at a loss, can identify the cause of the loss and find ways of correcting the negative outcome.
Amelia works in the manufacturing career cluster. She probably works in a plant workshop or factory
What is manufacturing career cluster?
To turn raw resources into finished goods, the Manufacturing cluster combines a passion for engineering, design, and technology with planning and organizational abilities.
What is considered a manufacturing worker?
Jobs in manufacturing are ones that start with components or raw materials and end with creating new products. You can find these occupations in a factory, plant, or mill. As long as goods rather than services are produced, they can also exist inside a house.
What are the positive impacts of manufacturing?
The timetable can be optimized by the program to lower errors and inefficiencies and produce products of higher quality. Cost savings over the long term are made possible by technology, which operates with greater efficiency, less waste, and fewer workers.
Learn more about career cluster: brainly.com/question/15225914
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