1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dezoksy [38]
3 years ago
7

Under Eagle Co.'s job costing system, manufacturing overhead is applied to Work-in-Process using a predetermined annual overhead

rate. During February, Eagle's transactions included the following:
Direct materials issued to production $96,000
Indirect materials issued to production 14,000
Manufacturing overhead incurred 131,000
Manufacturing overhead applied 119,000
Direct labor costs 113,000

Eagle had neither beginning nor ending inventory in Work-in-Process Inventory. What was the cost of jobs completed in February? (CPA adapted)

a. 340,000
b. 328,000
Business
1 answer:
Triss [41]3 years ago
7 0

Answer:

b. 328,000

Explanation:

The cost of jobs completed in February.

= DM+ OH applied + DL

$96,000 + $119,000 + $113,000 = = $328,000.

You might be interested in
Suppose that while melissa was on the coast, she also spent two days sightseeing the national parks in the area. to do the sight
Virty [35]
Most of the times when a personnel is sent for an official business trip, transportation and lodging, and sometimes even meals are shouldered by the company. 

In the statement given above, it is noted that the meals that Melissa took are considered personal in nature. Hence, she can deduct this from the business expenses. 
8 0
3 years ago
If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many
GuDViN [60]

Answer:

2,400 Yens

Explanation:

exchange rate for buying Japanese Yen is 12 Yens per Dollar

1 dollar : 12 Yens

how many Yens do you need to buy 200 Dollars for?

Let

x = number of Yens needed

200 dollars : x Yens

Equate the ratios to find x

1 dollar : 12 Yens = 200 dollars : x Yens

1/12 = 200/x

Cross product

1 * x = 12 * 200

x = 2,400

x = number of Yens needed = 2,400 Yens

7 0
2 years ago
The ratio of cash to monthly cash expenses can be used to _____. a.assess how long a company with negative cash flows from inves
sp2606 [1]

Answer:

The correct option is C. which is <em>assess how long a company with positive cash flows from financing activities can continue to operate</em>

Explanation:

<em>The ratio of cash to monthly cash expenses can be used to make assessment of a company whether how long it can determine without additional financing and positive cash flows generated from operations.</em>

The formula of The ratio of cash to monthly cash expenses

= Cash s of year end ÷ Monthly Cash Expenses

5 0
3 years ago
A fixed asset with a five-year estimated useful life and no scrap value is sold at the end of the second year of its useful life
JulsSmile [24]

Answer:

B) A gain would be less or a loss would be greater using straight-line depreciation.

Explanation:

In straight line method of depreciation there is a fixed amount of depreciation,  and in double declining method the rate is double of straight line method,

Let us take an example,

Cost of asset = $500,000

Selling price at end of 2nd year = $300,000

Straight line depreciation = $100,000 for each year i.e. $500,000/5

Double declining method rate = ($100,000/$500,000) \times 100 \times 2 = 40%

Therefore value at end of second year

Straight line = $500,000 - ($100,000 \times 2 ) = $300,000

Double Declining method = ($500,000 -40%) - 40% = $180,000

In case of sale at $300,000

Profit shall be

Straight line = $300,000 - $300,000 = 0

Double Declining = $300,000 - $180,000 = $120,000

Now, there will be more profit in double declining that is gain is less in straight line and losses would be greater in straight line thus statement B is correct.

8 0
3 years ago
All sales are made on credit. Based on past experience, the company estimates 2.5% of ending account receivable to be uncollecti
Misha Larkins [42]

Answer:

Debit Bad Debts Expense $12,475

Credit Allowance for Doubtful Accounts $12,475

Explanation:

Calculation for estimated bad debts expense:

Explanation

Accounts receivable * Sales uncollectible

$445,000×0.025

=11,125

Hence:

11,125 +Allowance for Doubtful Accounts 1,350

=$12,475

Therefore the estimated bad debt will be:

Debit Bad Debts Expense $12,475

Credit Allowance for Doubtful Accounts $12,475

4 0
3 years ago
Other questions:
  • A highly task oriented group that is results driven with high morale is a characteristic of usmc
    7·2 answers
  • When mr. jones, the owner of a local hardware store, asks one of his lawnmower suppliers about the total ability of their produc
    8·1 answer
  • Which choice best describes differences in corporate decision-making
    10·1 answer
  • A researcher interested in what factors make an employee best suited for a given job would most likely identify as a(n) ________
    10·1 answer
  • Economics is the study of how people, businesses and governments make choices when faced with an unlimited supply of resources.
    12·1 answer
  • What are some of googles resources
    13·1 answer
  • PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
    7·2 answers
  • Experienced project managers understand the value of having team members ________ the project as opposed to appointing team memb
    14·1 answer
  • A registered representative has managed the account of her client for over 10 years. The client recommends her mother to the reg
    13·1 answer
  • GFB has created a socially conscious culture throughout the company. The first step GFB always follows in improving U.S. busines
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!