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Deffense [45]
2 years ago
5

Lowden Company has a predetermined overhead rate of 160% and allocates overhead based on direct material cost. During the curren

t period, direct labor cost is $50,000 and direct materials cost is $80,000. How much overhead cost should Lowden Company should apply in the current period?
Business
1 answer:
sleet_krkn [62]2 years ago
3 0

Based on the direct materials cost and the predetermined overhead rate, Lowden company should apply an oevrhead cost of $128,000.

<h3>How much overhead should be applied?</h3>

This can be found as:

= Direct materials x Predetermined overhead rate

Solving gives:

= 80,000 x 160%

= $128,000

In conclusion, the overhead cost to be applied is $128,000.

Find out more on predetermined overhead rates at brainly.com/question/26372929.

#SPJ1

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How does the christian worldview describe ethics
sergey [27]

Christian worldview describe ethics as a virtue ethic that places a strong emphasis on the development of moral character, starting with adherence to a system of laws and regulations that are seen as divine instructions that reflect actions that are morally obligatory, disallowed, or authorized.

<h3>What are the ethical values of Christianity?</h3>

The imitation of Jesus' love and the double commandment of love (agape, in Greek) are at the heart of Christian ethics, although other virtues, concepts, and standards are equally pertinent Melé (2016). Being compassionate and selfless, especially with our money and time, is the central Christian principle of generosity. Boldness and assurance are qualities that define courage. It is the antithesis of fear. Being filled with love is a vital aspect of who God is, and His children should share this value.

To learn more about the Christian worldview, visit:

brainly.com/question/5521396

#SPJ4

7 0
1 year ago
Jones Corporation purchased merchandise inventory with a 10%, 120-day note payable for $10,000. The company uses the perpetual i
MrMuchimi

Answer:

                                                      Debit                      Credit

Note payable                                $10,333.33

*(10,000+10,000*10%*120/360)

Cash                                                                               $10,333.33      

Explanation:

The following journal entry shall be recorded in the accounts of the Jones Corporation on the payment of note payable on due date:

                                                      Debit                      Credit

Note payable                                $10,333.33

*(10,000+10,000*10%*120/360)

Cash                                                                               $10,333.33      

* The interest rate of 10% is for 360 days but since the payment is made after 120 days, therefore it has been accordingly apportioned for 120 days.

3 0
3 years ago
Q: Research topic: CORONA-19: Asian stock markets and vaccine hopes
maksim [4K]

Answer:

Asia-Pacific markets traded mixed on Friday as investors remained cautious over the short-term economic impact of the coronavirus as cases around the world continue to rise.

Explanation:

6 0
3 years ago
The perfectly competitive firm produces that quantity at which a.marginal revenue is greater than marginal cost. b.the largest g
Katena32 [7]

Answer:

Option (c) is correct.

Explanation:

The perfectly competitive firm produces at a point where the marginal revenue is equal to the marginal cost because it the profit maximizing point for the competitive firms. Under the perfectly competitive market conditions, the price is determined by the two forces: demand and supply of the goods.

The firms under this market condition, faces a perfectly elastic demand curve which implies that the buyers are free to buy any quantity of goods.

4 0
3 years ago
Journalize the following transactions assuming a perpetual inventory system:
natulia [17]

Answer:

May 5

Merchandise Inventory $6,000 (debit)

Freight Charges $100 (debit)

Accounts Payable : Archie Co. $6,000 (credit)

Cash $100 (credit)

May 12

Accounts Payable : Archie Co. $2,500 (debit)

Merchandise Inventory $2,500 (credit))

May 14

Accounts Payable : Archie Co. $3,500 (debit)

Discount Received $70 (credit)

Cash $3,430 (credit)

Explanation:

May 5

Recognize the Assets of Merchandise and a Liability : Accounts Payable : Archie Co. as a result of purchase.

Also Recognize the Freight Expenses since this is a F.O.B delivery

May 12

De-recognize the Liability  : Accounts Payable -  Archie Co. and the Merchandise Inventory asset to the extend of Merchandise returned to Archie Co.

May 14

De-recognize the Liability  : Accounts Payable : Archie Co. of $3,500 and the Cash assets to the extend of Payment made  to Archie Co less cash discount of $3,430 .

5 0
3 years ago
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