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mario62 [17]
1 year ago
7

When overhead is underapplied, a _____ must be made to the Manufacturing overhead account to close it out. Multiple choice quest

ion. debit credit
Business
1 answer:
Serhud [2]1 year ago
3 0

When overhead is underapplied, a debit must be made to the Manufacturing overhead account to close it out. The direct labor costs that  incurrence of direct labor costs should be recorded by debiting Work in process account.)

<h3>What is direct labor costs?</h3>
  • The wages or salaries paid to workers who actually generate goods are referred to as direct labor costs. In other words, these costs represent what employers pay to employees who produce the goods that businesses sell.
  • Direct labor and direct labor costs have a slight distinction. The actual job that employees perform to create items is referred to as labor. The sum of money the employer pays the workers to do the work is referred to as labor costs.
  • It is possible to track down and assign direct labor costs to certain products. A direct laborer would be someone who welds all of the bicycle frames that leave the Schwinn factory, for instance. The frames he helps build can be directly linked to his efforts. As a result, the bike frames can also be held responsible for the expenses related to his job, such as wages, salary, and benefits.

To learn more about direct labor costs with the given link

brainly.com/question/10554097

#SPJ4

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The term _____ refers to a private piece of a company's Internet network that is made available to customers and/or vendor partn
Morgarella [4.7K]

Answer:

intranet

Explanation:

The term that is being described in this question is known as the company's intranet. This network is mainly used in order for the company's public tools and information to be accessed by anyone that may need it and has been giving access to it. This facilitates many different aspects and partnerships for the company, as those who have access can quickly and easily grab and use what they need off of the network to easily get things done and solve problems without needing direct involvement from the company.

3 0
2 years ago
Assume an annual interest rate of 8%. You have $1. What is the value of the $1 one year in the future
seropon [69]

Answer:

the future value is $1.08

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $1 × (1 + 0.08)^1

= $1 × 1.08

= $1.08

Hence, the future value is $1.08

3 0
2 years ago
A marketing manager instructs his team to make 80 telephone calls to attempt to sell an insurance policy. The random variable in
Serggg [28]

Answer:

A) discrete random variable.

Explanation:

Discrete random variables can assume only a finite number of values, and their combined total probabilities must equal 1.

On the other hand, continuous random variables can take any value with an interval or collection of intervals, which means that the possible values are infinite.

A complex random variable is a combination of two real random variables that have rel and imaginary parts.

8 0
2 years ago
Total 17500 shirts are produced and sold. The selling price is $22, variable cost per unit is $18 and fixed cost is $ 80000. If
scoray [572]

Answer:

please mark me as brainlist please

Explanation:

The basic theory illustrated in (Figure) is that, because of the existence of fixed costs in most production processes, in the first stages of production and subsequent sale of the products, the company will realize a loss. For example, assume that in an extreme case the company has fixed costs of ?20,000, a sales price of ?400 per unit and variable costs of ?250 per unit, and it sells no units. It would realize a loss of ?20,000 (the fixed costs) since it recognized no revenue or variable costs. This loss explains why the company’s cost graph recognized costs (in this example, ?20,000) even though there were no sales. If it subsequently sells units, the loss would be reduced by ?150 (the contribution margin) for each unit sold. This relationship will be continued until we reach the break-even point, where total revenue equals total costs. Once we reach the break-even point for each unit sold the company will realize an increase in profits of ?150.

For each additional unit sold, the loss typically is lessened until it reaches the break-even point. At this stage, the company is theoretically realizing neither a profit nor a loss. After the next sale beyond the break-even point, the company will begin to make a profit, and the profit will continue to increase as more units are sold. While there are exceptions and complications that could be incorporated, these are the general guidelines for break-even analysis.

As you can imagine, the concept of the break-even point applies to every business endeavor—manufacturing, retail, and service. Because of its universal applicability, it is a critical concept to managers, business owners, and accountants. When a company first starts out, it is important for the owners to know when their sales will be sufficient

7 0
2 years ago
Jones Company received $2,200 in cash during March for Service Revenue for a job that will be completed in May. This job would b
Katena32 [7]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $2,200

  To Service revenue $2,200

(Being cash is received)

Since the cash is received so we debited the cash account and credited the service revenue account as the service is completed which create an income for the business organization.

We do not write unearned service revenue as the amount is actually received from the customer

7 0
3 years ago
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