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nikklg [1K]
4 years ago
11

Price Company assigns overhead based on machine hours. The Milling Department logs 1,800 machine hours and Cutting Department sh

ows 3,000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a:___________
a. debit to Manufacturing Overhead for $24,000.
b. credit to Work in ProcessCutting Department for $15,000.
c. debit to Work in Process for $15,000.
d. credit to Manufacturing Overhead for $24,000.
Business
1 answer:
ikadub [295]4 years ago
8 0

Answer:

d. credit to Manufacturing Overhead for $24,000.

Explanation:

Applied Manufacturing overhead = ( 1,800+3000) x $5 = $24,000

So, The journal entry to record this will be,

                                               Dr.          Cr.

Work in Process of            $24,000

Manufacturing Overhead                 $24,000

So, manufacturing overhead account is credited with the value of $24,000.

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Moates Corporation has provided the following data concerning an investment project that it is considering:
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Answer:

$144,128

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 = $-250,000

Cash flow each year from year 1 to 4 = $119,000

I = 8%

NPV = $144,143

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

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Answer:

Explanation:

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6 0
3 years ago
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OlgaM077 [116]

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3 years ago
When President Obama proposed increasing the minimum wage, he argued that a minimum-wage worker today should earn the same amoun
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Answer:

The Minimum Wage Used To Be Enough To Keep Workers Out Of Poverty in 1979.

Explanation:

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According to the least preferred coworker (LPC) scale of Fiedler’s model of leadership styles, if the leader describes the least
blagie [28]

Answer:

The correct answer is a. is relationship-oriented.

Explanation:

This type of leadership takes people and their development in the work team into account. Collaborative and participative work is allowed within its functions, where the appreciations and comments of all people are considered and it is built based on experiences. Everyone has decision-making power, that is, they can carry out tasks in the way they feel best and have the power to support other areas without the need for the boss or leader to participate.

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