Answer:
C.
Explanation:
The sistem of assigning manufacturing overhead to jobs, is based on the fact that actual overhead costs are accumulated in the manufacturing overhead account.
The overhead costs are essential to production. They must be assigned to determine full cost.
To do this, first the calculation of overhead allocation rate must be done. It is important to identify the allocation base, is the primary cost driving like direct labor hours, direct labor cost or machine hours.
After that, the rate must be multiplied by the actual quantity of allocation base used on the job. The application rate is multiplied by the actual quantity of allocation base used on the job. For example, if the rate is based on direct labor hours, rate is multiplied by the direct labor hours used on each job.
The formula is:
MOR=MOC/MOAB
Predetermined manufacturing overhead rate (MOR)
Total estimated manufacturing overhead costs (MOC)
Total estimated quantity of the manufacturing overhead allocation base (MOAB)
Answer:
d. $121560
Explanation:
weighted accumulated expenditures 2020:
- January $612,000 x 12/12 = $612,000
- September $1,810,800 x 4/12 = $603,600
- total = $1,215,600
capitalizable interests = $1,215,600 x 10% (interest rate of construction loan) = $121,560
you will consider other interest rates only if expenses are higher than the specific construction
The correct answer to this open question is the following.
You forgot to include the options for this question. However, we can answer the following.
This scenario best illustrates forward integration.
This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.
Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.
So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.
The ending balance in the unearned revenue account is $7 millions .
<h3>
Record journal entries ?</h3>
Debit: Cash. $19.7m
Credit: Unearned Revenue $19.7m
Being sales of gift card for the month of December.
Debit: Unearned Revenue. $12.7m
Credit: Sales. $12.7m
Being actual gift card redeemed for the month if December.
Unearned Revenue a/c has a credit balance of $7m as unredeemed gift card. Its a liability to the company as they have the money but the cards are yet to be redeemed.
To learn more about journal entries refer
brainly.com/question/14285397
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