What is the skills and education needed to work in retail hospitality?

Lund Company applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of direct labor cost. Any under o

BartSMP [9]

Answer:

A. $5,250

Explanation:

As for the provided details we have,

The total cost of work in process on 31 March = $14,000

In this amount included as cost of direct labor = $5,000

This means the remaining amount $14,000 - $5,000 = 9,000 relates to cost of direct material and cost of manufacturing overheads.

Also provided that manufacturing overheads are applied using the predetermined rate of 75% of direct labor.

Thus, amount charged to work in process inventory for manufacturing overheads shall be $5,000 direct labor cost $\times$ 75% = $3,750

Thus, direct material cost in work in process = $14,000 - $5,000 - $3,750 = $5,250

3 0

3 years ago

There are two polluting firms in an industry. Each firm is initially generating 200 tons of pollution each year. Each faces the

11Alexandr11 [23.1K]

Answer:

Permits will be the best option

Explanation:

Assuming the cost per ton of polution reduction follows a linear progression and it can reach zero

<u>The best option will be the permits:</u>

As Firm B will eliminate their polution and sale his permis to Firm A

That occur as Firm B is more efficient in doing this will sale to Firm A

In the end Firm A will have all the permits and continue to produce 200 tons

but Firm B will produce none achieving the goal of 50% reduction with the least economic impact.

This is a market solution which little intervention from the Gvernment

Cost to eliminate 200 polution with permits:

200 x $10 = 2,000

If we force each company to reduce pollution Firm A higher cost will create deadweight-loss

100 x $20 = 2,000

100 x $10 = <u> 1,000</u>

3,000

8 0

3 years ago

If you invest $15,000 at 3.1% annual interest compounded monthly, how much will be in the account after 16 years

AveGali [126]

Answer:

The final balance would be $24,616.34 at the end of 16 years of monthly compounded interest

Explanation:

The total compound interest would be $9,616.34 after 16 years.

3 0

3 years ago

What is the best business organization for annabeth’s new company?

Rudik [331]

Answer: A Corporation, because she will need financing to get started.

Explanation:

As Annabeth would like to buy a factory to begin making the parts, she would would need a huge cash outlay to get started. By starting a Corporation, she can raise cash easier from the shareholders as well as utilize the knowledge and expertise of others who will join the company to help her in areas she might not be well versed in such as in Accounting or business administration.

Another reason a Corporation would be better is because of the realization of her longer term plans. A Corporation is more likely to expand in the the future which will enable Annabeth realize her dreams of selling to Europe and South America. Indeed, she has a better chance of achieving that sooner rather than later.

3 0

3 years ago

Read 2 more answers

On April 1, Alliance Company purchased $50,000 of Tetter Company's 12% bonds at 100 plus accrued interest of $2,000. On June 30,

Debora [2.8K]

Answer:

Option (3) is correct.

Explanation:

Given that,

cost of purchasing Tetter Company's 12% bonds = $50,000

Accrued interest expense = $2,000

The journal entry is as follows:

On April 1,

Investments in debt securities - Tetter Company bonds A/c Dr. $50,000

Interest receivable A/c Dr. $2,000

To Cash $52,000

(To record the purchase of the bonds)

8 0

3 years ago