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choli [55]
1 year ago
6

A company has a predetermined overhead rate of $14 per machine hour. job 846 uses 27.5 machine hours. overhead allocated to job

846 will be:_____ $
Business
1 answer:
Liula [17]1 year ago
6 0

The answer is 385.

An organization's overhead charge is set at $14 for each machine hour. job are 846 and uses 27.5 machine hours. overhead allocated to job 846 will be $385.

$14×27.5= $385.

<h3>What Is the Overhead Rate?</h3>

A cost associated with the creation of a good or service is the overhead rate. The cost of the corporate headquarters is an example of an overhead expense that is not directly tied to output​. In order to distribute or allocate the overhead costs depending on particular metrics, an overhead rate is applied to the direct production-related costs. Allocation factor plus indirect expenses equals overhead rate. The overhead rate is determined based on a specified time frame. Therefore, adding up your weekly indirect or overhead costs would allow you to calculate the indirect costs for a week.

​To know more about overhead rate visit:

brainly.com/question/15187056

#SPJ4

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r-ruslan [8.4K]

Answer:

C. protected property rights; were extractive and authoritarian

Explanation:

Based on the work of Acemoglu, Johnson and Robinson there were different types of colonization policies which created different sets of institutions. These authors argued that the colonization path was strongly influenced by feasibility of settlements. On the one hand, tropical places where diseases were more likely and affected Europeans the most, settlers formed extractive institutions.  These institutions were not designed to protect private property or provide checks and balances against government expropriation. Their main objective was to transfer as much of the resources of the colony to the colonizer.  On the other hand, where climates were more moderate, settlers seek to replicate European institutions, emphasizing  private property and checks and balances against government power.  

5 0
3 years ago
Record the following process costing transactions in the general journal
Ber [7]

Answer:

a.Dr Raw Materials Inventory 9,000

Accounts Payable 9,000

b. Dr Work in Process Inventory-Assembly 4,200

Cr Raw Materials Inventory 4,200

Dr Work in Process Inventory-Finishing2,400

Cr Raw Materials Inventory 2,400

c.Dr Work in Process Inventory-Assembly10,800

Cr Cash10,800

d.Dr Manufacturing Overhead 11,200

Cr Property Taxes Payable-Plant 1,700

Cr Utilities Payable 4,800

Cr Prepaid Insurance-Plant 1,100

Cr Accumulated Depreciation-Plant 3,600

e.Dr Work in Process Inventory-Assembly 6,800

Cr Wages Payable 4,700

Cr Manufacturing Overhead 2,100

f.Work in Process Inventory-Finishing 10,700

Cr Wages Payable 4,400

Cr Manufacturing Overhead 6,300

g.Dr Work in Process Inventory-Finishing 10,300

Cr Work in Process Inventory-Assembly10,300

h.Dr Finished Goods Inventory15,100

Cr Work in Process Inventory-Finishing15,100

Explanation:

To Record process costing transactions in the general journal

a. Based on the information given we were told that the Purchase of raw materials of the amount of $9,000 was made which means that the transaction will be recorded as:

Dr Raw Materials Inventory 9,000

Accounts Payable 9,000

b. Based on the information given we were told that the Requisition of direct materials to Assembly Department was the amount of $4,200 while the Finishing Department amount was $2,400 which means that the transaction will be recorded as:

Dr Work in Process Inventory-Assembly 4,200

Cr Raw Materials Inventory 4,200

Dr Work in Process Inventory-Finishing 2,400

Cr Raw Materials Inventory2,400

c. Based on the information given we were told that payment of direct labor was the amount of $10,800 which means that the Journal entry will be:

Dr Work in Process Inventory-Assembly 10,800

Cr Cash10,800

d. Journal entry to record the incurrence of manufacturing overhead costs

Dr Manufacturing Overhead 11,200

(1,700+4,800+1,100+3,600)

Cr Property Taxes Payable-Plant 1,700

Cr Utilities Payable 4,800

Cr Prepaid Insurance-Plant 1,100

Cr Accumulated Depreciation-Plant 3,600

e. Based on the information given we were told that the conversion costs to the Assembly Department include both Direct labor of the amount of $4,700 and Manufacturing overhead of the amount of $2,100 which means that the Journal entry will be:

Dr Work in Process Inventory-Assembly 6,800

(4,700+2,100)

Cr Wages Payable 4,700

Cr Manufacturing Overhead 2,100

f. Based on the information given we were told that conversion costs to the Finishing Department were: Direct labor, $4,400 Manufacturing overhead, $6,300, which means that the transaction will be recorded as:

Work in Process Inventory-Finishing10,700

(6,300+4,400)

Cr Wages Payable4,400

Cr Manufacturing Overhead6,300

g. Based on the information given we were told that the Cost of goods that was completed and transferred out of the Assembly department to the finished goods depatment was the amount of 10,300 which means that the transaction will be recorded as:

Dr Work in Process Inventory-Finishing 10,300

Cr Work in Process Inventory-Assembly10,300

h. Based on the information given we were told that the Cost of goods that was completed and transferred out of the finished goods depatment to finished goods inventory was the amount of 15,100 which means that the Journal entry will be:

Dr Finished Goods Inventory 15,100

Cr Work in Process Inventory-Finishing15,100

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Which pathway includes the most self-employed workers?
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Interest expense for the year: 25,401.6

Explanation:

Carrying value of the note x 8% = interest on note payable

317,520 x 8% = 25,401.6

The interest expense will be for this amount

And the journal entry will be as follow

Interest Expense 25,401.6

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As the note is discounted, we will recognize interest until maturity against the note, so it reach their face value at maturity.

Because this interest won't be exigible until maturity, they are accrued interest but do not invovle a cash disbursmement for the period.

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3 years ago
Ali buys a new pair of shoes at a shoe store. to which of the arrows does this transaction directly contribute?
prisoha [69]

Answer;

Firms --> Market For Goods and Services --> Households

Explanation;

In product markets, business firms supply and sell goods and services while households demand and buy them.  Households supply and sell factors of production, such as labor, while business firms demand and buy them.

In a market economy households provide resources and labor and purchase goods and services while firms provide goods and services and purchase resources and labor. The goal of firms in a market economy is to maximize their profits. This can best be achieved by minimizing costs in the resource market and maximizing revenues in the product market.



6 0
3 years ago
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