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Katen [24]
1 year ago
14

The total cost of a job is calculated by adding the total of direct labor cost, direct materials cost, and:

Business
1 answer:
murzikaleks [220]1 year ago
7 0

The total cost of a job is calculated by adding the total direct labor cost, direct materials cost, and: applied manufacturing overhead cost

The total cost of a job is also called job costing. Job costing is used by the professional or organization when they complete a job for a client. Because job costing is important for professionals who do different or custom jobs to track the financial cost of each job. Each job has different parameters so the cost to complete the job varies from job to job.

The total cost of a job is a key to measuring the revenue.  Professionals compute the total job cost after completing the job or at the end of the job. However, they use a sheet to record cost information about the job.

The formula for the total cost of a job is given below:

Total cost of a job = direct labor cost + direct materials cost + applied manufacturing overhead cost

You can learn more about job costing at

brainly.com/question/14728949

#SPJ4

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Hat's accounting records showed the following:
levacccp [35]

Answer:

D. $55,000

Explanation:

Sales = 250,000

Gross Profit = 250,000 x 40% = 100,000

Cost of goods sold = 250,000 - 100,000 = 150,000

Cost of good sold = Opening Inventory + Purchases - Closing Inventory

150,000 = 35,000 + 200,000 - Closing Inventory

150,000 = 235,000 - Closing Inventory

Closing Inventory = 235,000 - 150,000

Closing Inventory = 85,000

Inventory damaged by flood = 85,000 - 30,000 = 55,000

6 0
4 years ago
Von hayek's kayaks can borrow $12,500 for 60 days at a cost of $220 interest. what is the effective rate of interest?
Lyrx [107]
<span>The principal amount is $12,500. From the above statement the interest for two months is $220. And the annual interest is 1320. This is 10.56% of the principal amount. So the rate of interest in 10.56</span>
6 0
3 years ago
Julie, a single taxpayer, has completed her 2018 Schedule C and her net loss is $40,000. Her only other income is wages of $30,0
arsen [322]

Answer: See Explanation

Explanation:

a. Calculate Julie's taxable income or loss

This will be calculated as:

Wages - Business loss - Standard deduction

= $30000 - $400000 - $12000

= -$22000

There's a taxable loss of $22000

b. Calculate the business and nonbusiness portions of her taxable income or loss

The business loss will be the difference between the wages and the net loss which will be:

= $30000 - $40000

= -$10000

The non business loss is $12000 which is the standard deduction.

c. Determine Julie's 2018 NOL

The net business loss is $10000

4 0
3 years ago
Which feature helps streamline the purchasing process once a customer approves an estimate?
Lina20 [59]

The feature helps streamline the purchasing process once a customer approves an estimate is Copy to purchase order from an estimate. Thus the correct answer is B.

<h3>What is a customer?</h3>

A customer refers to a person who purchases the product. He may or may not utilize the product. The final user of any product is referred to as a consumer.

Once your estimate has been approved by the client, you can quickly copy it to a purchase order to speed up the procedure. Purchase orders only receive copies of products that are clearly indicated as vendor purchases.

Therefore, option B Copy to purchase order from an estimate is appropriate to answer.

Learn more about customers, here:

brainly.com/question/14530604

#SPJ4

The complete question is Question 1

Which feature helps streamline the ordering process once a customer approves an estimate?

Price Rules

Copy to purchase order from an estimate

Automatic Purchase Orders

Export Data

4 0
2 years ago
A confidence interval (CI) is a range of scores with specific boundaries that should contain the ______ mean.
Natasha_Volkova [10]

Answer:

A confidence interval (CI) is a range of scores with specific boundaries that should contain the population mean.

Explanation:

90% confidence interval indicates that a score within the boundaries is 90% likely to represent the actual mean of the population.

8 0
4 years ago
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