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3 years ago

7

LO 4.7In a job order cost system, overhead applied is debited to which account?

1 answer:

BaLLatris [955]3 years ago

7 0

Answer:

work in process inventory

Explanation:

The journal entry to record overhead applied is shown below:

Work in progress inventory A/c Dr XXXXX

To Factory overhead A/c XXXXX

(Being applied overhead is recorded)

And, the journal entry to record over applied is presented below:

Manufacturing overhead A/c Dr XXXXX

To Cost of Goods sold A/c XXXXX

(Being over-applied overhead is recorded)

Over applied is come when actual overhead based on predetermined rate is more than the actual manufacturing overhead

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A firm emphasizing long-term employment, collective decision making, individual responsibility, slow evaluation and promotion, i

ziro4ka [17]

Answer: type z firm

Explanation: In simple words, type Z firm refers to the firm structure under which the management of the organisation focuses on factors like employment stability, high productivity and high satisfaction and morale of employees.

The firms employing such structure believes that employees are the most important resource and without their satisfaction operational effectiveness and stability cannot be achieved.

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3 years ago

5) A car rental company offers two plans for one way rentals. Plan I charges $36 per day and 17 cents per mile. Plan II charges

Rom4ik [11]

Answer:

a. Plan I is better is we drive 300 miles in a day.

b. 150 miles.

Explanation:

a. if mileage is 300 then rental charges will be,

Plan I : $36 + 17 cents * miles

$36 + 0.17 * 300 = $41.10.

Plan II : $24 + 25 cents * miles

$24 + 0.25 * 300 = $99.00

Plan I total cost for 300 miles is $41.10 whereas Plan II total cost for 300 miles is $99.00. Plan I is better plan and cost effective.

b. For mileage (m) calculation we will use equation;

Plan I = Plan II

$36 + 0.17m = $24 +0.25m

0.25m - 0.17m = $36 - $24

m = $12 / 0.08

m = 150 miles.

6 0

3 years ago

Suppose an industry has a four-firm concentration ratio of 20 percent and a Herfindahl index of 600. According to the cartel mod

Rina8888 [55]

Answer:

a competitive price

Explanation:

a competitive price

A four firm concentration ratio being just 20% shows and it is not mentioning any monopoly. Also a Herfindahl index of 600 is considered low

therefore a firm in mentioned industry likely to have a competitive price as lot of firms are competing with same market shares.

competitive price is referred to that tactics where all competitor sells all items at same price.

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3 years ago

During 2018 Belair Company was encountering financial difficulties and seemed likely to default on a $600,000, 10%, four-year no

sdas [7]

Answer:

gain from the debt restructuring = $160,000

Explanation:

given data

principal = $600,000

rate = 10%

settlement = $500,000

to find out

gain from the debt restructuring in income statement

solution

we get here owed a total that is

owed a total = Principal + Unpaid interest ...............1

put here value

owed a total = $600,000 + $60,000

owed a total = $660,000

and

gain from the debt restructuring is here as

gain from the debt restructuring = owed a total - settled .......2

gain from the debt restructuring = $660,000 - $500,000

gain from the debt restructuring = $160,000

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3 years ago

Jedida is the new manager for a team in an advertising agency. Her team has worked together effectively for the last 10 years, a

CaHeK987 [17]

Answer:

Explanation:

Task oriented, effective, group cohesiveness, neutrolize.

Why these options were chosen?

We can see from Jedida's behavior that she is task oriented, because the first thing she did when coming to new employment place is scheduling a meeting.

In a lot of circumstances such behavior could harm the trust and relationship between manager and the team.

However it is said that the team is very close and know each other for a long time. So, such cohesiveness can neutrolize this leadership behavior.

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4 years ago