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3 years ago

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

Business

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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What is an insurance premium?

Scilla [17]

Answer:

Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.

Explanation:

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3 years ago

Oriole’s Electronic Repair Shop started the year with total assets of $300000 and total liabilities of $208000. During the year,

AVprozaik [17]

Answer:

$154,700

Explanation:

The computation of the change in amount is shown below

But before that first find out the ending capital balance which is

= (Total assets - total liabilities) + (revenues - expenses) - drawings

= ($300,000 - $208,000) + ($523,000 - $319,000) - $49,300

= $92,000 + $204,000 - $49,300

= $92,000 + $154,700

= $246,700

Now the change in capital balance is

= Closing balance - opening balance

= $246,700 - $92,000

= $154,700

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4 years ago

Match the terms to their definitions.

Irina-Kira [14]

The question requires matching the terms to their definitions.

Hiring is the process of employing (someone) for wages.

Recruitment is the process of finding new people to join an organization.

Job Description informs applicants about the responsibilities and required qualification.

Recruitment Plan is the process of integrating a new employee into an organization, maps out the strategy for attracting skilled employees and obtaining applications from a diverse workforce.

Offer is a proposal put forward by an employer to a prospective employee.

References serve the purpose of gathering information about a prospective employee from previous employers.

Types of Recruitment: internal (employees within the company) and external (people outside the company).

Compensation the money the employee will receive as a salary or wages.

Interview a face to face meeting between an employer and a job applicant.

brainly.com/question/17850173

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3 years ago

Beneficiaries are responsible for of prescription costs

Oksi-84 [34.3K]

Answer:

In general, beneficiaries are responsible for paying the following for a Medicare Prescription Drug Plan:

Monthly premiums

Annual deductible

Copayments or coinsurance

A small copayment for the rest of the calendar year after they reach a certain out-of-pocket amount

Explanation:

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2 years ago

Why markets can only supply private goods efficiently?

kirill [66]

Private good is a product and/or service produced by a private business and purchased to increase the utility and/or productivity of the buyer. The majority of the goods and services consumed in a market economy are private goods, and their prices are determined by the market forces of supply and demand. Private goods are both excludable and rivalrous, where excludability means that producers can prevent some people from consuming the good or service based on their ability or willingness to pay and rivalrous indicates that one person's use of a product reduces the amount available for use by another. In practice, private goods exist along a continuum of excludability and rivalry and can even show only one of these traits.

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3 years ago