Answer:
using the predetermined overhead rate
Explanation:
The indirect cost is also known as the overhead cost. The overhead cost are those cost which is related to the factory expenses like - depreciation, property taxes, utility expense, rent expense, repairs expense, indirect labor, and indirect material cost, etc
As we know
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours) or (estimated machine labor-hours)
As the case maybe
By using the predetermined we can easily allocate the indirect cost to the specific cost
It would determine that the answer is 50k
Answer:
The correct answer is letter "B": may be used for various general ledger accounts.
Explanation:
Subsidiary ledgers are used in the record-keeping of large companies when transactions of an account should be reported in detail but the information size is overwhelming. Usually, subsidiary ledgers are implemented in sales firms. The subsidiary ledger is part of a general account that is frequently posted so only general precise information is recorded in the general account.
<em>Examples of subsidiary ledgers are Accounts Payable Ledger, Accounts Receivable Ledger, Purchases Ledger, and Inventory Ledger just to mention a few.</em>
Answer:
B. Intangible resources
Explanation:
A resource refers to something capable of yielding current or future benefit to an individual or an organization.
Those resources which cannot be perceived or which do not have any physical substance, are referred to as intangible resources.
Intangible resources are valued based upon the expected future economic benefits that they yield.
Examples of intangible assets would be, copyrights, patents, trademarks, brand etc.
As per the given case, culture, knowledge, brand equity, reputation and trade secrets can all be classified as tangible resources since these cannot be felt or perceived, devoid of physical existence and would yield future economic benefits to the ones who possess them.
The correct answer is $540,000.
In order to calculate the budgeted cost of direct labor for the month you must first calculate the amount of labor that is required.
In this example there are 12,000 unites being produced and each unit requires 30 minutes of labor. The total amount of labor is 12,000 x .5 hours = 6,000 hours of labor.
The cost of the labor is $90 per hour, so the cost of the budgeted labor is $90 x 6,000 hours, which is a total of $540,000. The total budgeted cost of direct labor for the month is $540,000.
