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UNO [17]
3 years ago
12

Bretthauer Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July. Prio

r to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $58,000 and the total of the credits to the account was $70,000. Which of the following statements is true?a) Manufacturing overhead applied to Work in Process for the month was $70,000b) Actual manufacturing overhead incurred during the month was $70,000c) Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $58,000.d) Manufacturing overhead for the month was underapplied by $12,000
Business
1 answer:
skad [1K]3 years ago
4 0

Answer:

a) Manufacturing overhead applied to Work in Process for the month was $70,000

Explanation:

Data provided in the question

The total of the Manufacturing Overhead account = $58,000 i.e incurred

And, the total of credit to the account = $70,000 i.e applied amount

So according to the given data, the manufacturing overhead should be applied to the work in process with the total credit amount i.e $70,000

Hence, the first option is correct

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Answer:

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<h2>                               <u>Cash collections budget</u></h2>

                                                January              February             March

Cash sales                               $30,000            $26,000              $35,000

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Collection from Feb. sales                                $20,800               $41,600

<u>Collection from March sales                                                          $28,000</u>

Total cash collections            $107,120             $116,880             $133,400

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How are business entrepreneurs and social entrepreneurs different?
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Read 2 more answers
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Answer:

Over the past year, the company sold and replaced its inventory 31.37x

Explanation:

In order to calculate how often did Franklin Aerospace sell and replace its inventory we would have to calculate first the inventory with the following formula:

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Inventory turnover ratio=31.37x

Therefore, over the past year, the company sold and replaced its inventory 31.37x

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