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11Alexandr11 [23.1K]
3 years ago
14

Sargent Corporation applies overhead cost to jobs on the basis of 80% of direct labor cost. If Job 210 shows $17,920 of manufact

uring overhead cost applied, how much was the direct labor cost on the job
Business
1 answer:
prisoha [69]3 years ago
5 0

Answer:

direct labor costs= $22,400

Explanation:

Giving the following information:

Sargent Corporation applies overhead costs to jobs based on 80% of direct labor cost.

Job 210 shows $17,920 of manufacturing overhead cost applied.

<u>To calculate the direct labor cost for Job 210, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

17,920= 0.8* direct labor costs

direct labor costs= 17,920/0.8

direct labor costs= $22,400

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At the end of last year, the company's assets totaled $877,000 and its liabilities totaled $748,500. During the current year, th
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Answer:

The options are:

A $34,850.

B $163,350.

C $128,500.

D $188,200.

$ 163,350.00,option B is correct

Explanation:

At the beginning of the current year ,the stockholders equity is the difference between total assets of $877,000 and total liabilities of $748,500 i.e $128,500 .

However,the increase or decrease to stockholders' equity in the current year is the difference between increase in total assets of $59,700 and the the increase in liabilities of $24,850 i.e $ 34,850.00  

Hence stockholders' equity=the initial stockholders' equity+increase=$128,500+$ 34,850=$ 163,350.00  

6 0
3 years ago
A policy of permitting the people of a country to buy and sell where they please, without restrictions, is called:
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Answer: free trade

Explanation:

A policy of permitting the people of a country to buy and sell where they please, without restrictions, is referred to as the free trade.

Free trade allows countries interact with one another and trade the foods and services that they've.

6 0
3 years ago
the ABC Company has a monthly collected balance of $600,000. Its bank pays an earning credit rate of 0.75%. The Reserve Requirem
ohaa [14]

Answer: $332.1

Explanation:

Given that,

Monthly collected balance = $600,000

Bank pays an earning credit rate = 0.75%

Reserve Requirement Ratio = 10% of $600,000

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Investable amount = Monthly collected balance - Reserve requirement amount

                               = $600,000 - $60,000

                               = $540,000

 

ABC's monthly earnings credit:

= Investable amount × Earning credit rate × Time period

= 540,000 × 0.75% × \frac{30}{365}

= $332.1

3 0
3 years ago
Bed &amp; Bath, a retailing company, has two departments, Hardware and Linens. The company's most recent monthly contribution fo
Dafna1 [17]

For this problem, we are required to calculate the net operating income.

In order to answer the question, we will first calculate the impact of the changes on the Hardware department. Then we will add the remaining fixed costs that are currently charged to Linens that will continue.

To calculate net operating income, subtract operating expenses from the revenue generated by a property. Revenue from real Hardware department estate includes rental income, parking fees, service changes, vending machines, laundry machines, and so on.

Net income, also known as the bottom line, Hardware department indicates a business's profitability. It shows how much profit is left from revenue after accounting for expenses and liabilities. Net income is profit that can be distributed to business owners or shareholders or invested in business growth.

A corporation's positive net income causes an increase in the retained earnings, which is part of stockholders' equity. A net loss will cause a decrease in retained earnings and stockholders' equity.

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6 0
1 year ago
A mother earned ​$ 7500.00 from royalties on her cookbook. she set aside​ 20% of this for a down payment on a new home. the bala
Marina CMI [18]
Amount of money deposited in the two accounts is 80% of 7500$.
Amount of money in the two accounts = 0.8 * 7500 = 6000$

Now assume that the amount deposited in CD account is m and the amount deposited in the saving bond is n.
m + n = 6000 
Therefore: m = 6000 - n ................> equation I

Now we write another equation expressing the savings:
0.04m + 0.07n = 360 ............> equation II

Substitute with equation I in equation II:
0.04 (6000-n) + 0.07n = 360
240 - 0.04n + 0.07n = 360
0.03n = 120
n = 4000 $

Substitute with n in equation I to get the value of m as follows:
m = 6000 - n = 6000 - 4000 = 2000

Based on these calculations:
The amount of money deposited in the CD = 2000$
The amount of money deposited in the saving account = 4000$
8 0
3 years ago
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