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tatiyna
2 years ago
15

The Work in Process Inventory account of a manufacturing company has a $3,200 debit balance. The company applies overhead using

direct labor cost. The cost sheet of the only job still in process shows direct material cost of $1,400 and direct labor cost of $800. Therefore, the amount of applied overhead is:
Business
1 answer:
charle [14.2K]2 years ago
6 0

The amount of applied overhead is $1,000.

<h3>What is inventory?</h3>
  • The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock.
  • The main focus of inventory management is determining the location and shape of stocked commodities.
<h3>What is material cost?</h3>
  • The price of direct materials is directly related to the unit of production and is immediately identifiable.
  • For instance, the price of glass is a direct material expense in the production of light bulbs.
  • The primary component needed for the production of commodities or products was material.
<h3>Solution -</h3>

To find the amount applied overhead:

3200 - ( 1400 + 800 ) = 3200 - 2200

= $1,000

Therefore, the amount of applied overhead is $1,000.

Know more about the production here:

brainly.com/question/16755022

#SPJ4

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irina1246 [14]

Answer: d. Dynamic pricing strategy

Explanation:

The companies mentioned above are increasingly turning towards Dynamic pricing in order to maximize sales and therefore increase profitability.

Dynamic pricing refers to a strategy where goods are priced at the optimal price based on the conditions at the time. In other words, it involves trying to sell at a price that is cheapest for the customer based on factors such as consumer willingness to pay, competition and others.

Prices can therefore change multiple times in as little a period as a day just to ensure that customers buy the goods being offered.

8 0
3 years ago
Because your mother is about to retire, she wants to buy an annuity that will provide her with $75,000 of income a year for 20 y
siniylev [52]

The calculated present value of the annuity is $915,166.70.

Explanation and Solution:

Annuity is a collection of fixed payments made or earned either at the close or at the beginning of any term such that a significant initial payment or receipt may be turned into a set of comparatively minor payments or receipts. An annuity that lasts indefinitely is called perpetuity.

The formula for the present value of the annuity is given by:

P = \frac{1- (1+i)^{-n} }{i}  * R

Where;

R = annual payment = $75,000

i = interest rate = 5.25%

P = Present value of annuity

n = number of years = 20 years

P = \frac{1- (1+5.25)^{-20} }{5.25}  * 75,000

P = $915,166.70

5 0
3 years ago
question content area if $354,000 of 10% bonds are issued at 95, the amount of cash received from the sale is
Ludmilka [50]

The amount of cash received from the sale is calculated to be $336,300.

The amount of cash received from the sale of bonds can be calculated by using the following formula;

Cash received = Face value of bond × Bond quote

Since $354,000 of 10% bonds are issued at 95 in this case, therefore we substitute the values in the equation to determine the amount of cash received from the sale as follows;

Cash received = $354,000 × (95 / 100)

Cash received = $354,000 × 0.95

Cash received = $336,300

Therefore $336,300 cash is received from the sale if $354,000 of 10% bonds are issued at 95

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3 0
1 year ago
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads,
photoshop1234 [79]

Answer: MFP= 4.00±0.01

Explanation:

8 0
3 years ago
Read 2 more answers
A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 20,
DanielleElmas [232]

Answer:

181,500 units

Explanation:

Given that

Beginning work in progress inventory = 20,000 units

The department completed and transferred = 165,000 units

Ending period = 22,000 units

Percentage of completion = 75%

The computation of equivalent units is given below :-

Work in progress of ending period

= 22,000 × 75%

= 16,500 units

So, the equivalent units

= 165,000 + 16,500

= 181,500 units

6 0
3 years ago
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