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andrew11 [14]
3 years ago
14

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,100 of dir

ect materials and used $3,600 of direct labor. The job was not finished by the end of the month, but needed an additional $2,600 of direct materials and additional direct labor of $5,700 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B?
Business
1 answer:
Zina [86]3 years ago
7 0

Answer:

Total work in process = $12,900

Explanation:

Provided information,

Cost incurred during the month on this order

Direct Materials = $2,100

Direct Labor = $3,600

Provided overheads are 200% of the direct labor cost = $3,600 \times 200% = $7,200

Thus month end balance of work in process = $2,100 + $3,600 + $7,200

Total work in process = $12,900

Note: additional information regarding expenses to be incurred is to be ignored, and the above value is the value of work in process.

Total work in process = $12,900

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Answer and Explanation:

The preparation of the statement of the stockholder equity and balance sheet would be shown in the attachment below:

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The same would be shown in the attachment

4 0
2 years ago
Questions are in the picture. Thanks!
Bogdan [553]

Answer:

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7 0
2 years ago
You are a manager at Abrasivebit, a drill bit manufacturer. Recently, your boss asked you to hire a new field service technician
Dahasolnce [82]

Answer:

The correct answer is publish an advertisement on an internet job site

Explanation:

The job offer is the total amount of work offered by individuals in an economy.

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6 0
3 years ago
The Reynolds Corporation buys from its suppliers on terms of 2/19, net 50. Reynolds has not been utilizing the discounts offered
harina [27]

Answer:

23.68%

Explanation:

The computation of the cost of not taking a cash discount is shown below:-

Cost of not taking a cash discount = [Discount percentage ÷ (100% - Disc.%)] × (360 ÷ (Final due date - Discount period))

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= 2.04% × 11.61

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4 0
3 years ago
Gross Inc. signs a five-year licensing agreement with Maiger Company. Gross Inc. will pay Maiger annual installment payments of
olganol [36]

Answer:

$4,500

Explanation:

First, calculate the total Installment

Total Installment payment = Annual Installment x Numbers of annual

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Now use the following formula to calculate the Interest payent

Interest payment = Installment Payment - Fair value of contract

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Interest payment = $52,500 - $48,000

Interest payment = $4,500

7 0
3 years ago
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