Answer:
c.$14,060
Explanation:
I hope my answer is correct
Answer:
(a) Cost of the Tramel job:
= Direct material cost + Direct labor cost + overhead applied
= $1,900 + $500 + (140% of $500)
= $1,900 + $500 + $700
= $3,100
(b) Overhead cost A/c Dr. $500
To Material A/c $400
To Labor A/c $100
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Answer:
<em>C. rotate outward around the point where only capital is employed in production.</em>
Explanation:
Answer:
S/n Journal Entries Debit Credit
a Raw materials inventory $81,000
Accounts payable $81,000
b Work in process inventory $70,000
Manufacturing overhead $9,000
Raw materials inventory $79,000
c Work in process inventory $101,000
Manufacturing overhead $12,500
Cash $113,500
d Manufacturing overhead $198,000
Accumulated depreciation-Equipment $198,000