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arlik [135]
3 years ago
11

Which of the following entries would be made to record $20,800 of labor-80% of which is direct, and 20% of which is indirect-to

jobs?
A. Work in Process Inventory 20,800
Wages Payable 20,800
B. Manufacturing Overhead 20,800
Manufacturing Wages 20,800
C. Work in Process Inventory 16,640
Manufacturing Overhead 4,160
Wages Payable 20,800
D. Wages Payable 20,800
16,640
WIP Inventory
Manufacturing Inventory 4,160
Business
1 answer:
Andrei [34K]3 years ago
8 0

Answer:

Option C

Explanation:

Entry:                                            DEBIT         CREDIT

Work in Process Inventory        16,640

Manufacturing Overhead(w)      4,160

Wages Payable                                                 20,800

Working: Manufacturing Overhead = 20,800 x 40% = $4,160

Note: In order to find out the work in progress and manufacturing Overhead we will consider sum of all direct cost as Work in progress and allocate the sum of indirect to Manufacturing Overheads.

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Cala Manufacturing purchases land for $489,000 as part of its plans to build a new plant. The company pays $35,300 to tear down
Firdavs [7]

Answer:

Cala Manufacturing

Journal Entry

Debit Land $489,000

Debit Land $35,300

Debit Land $52,183

Debit Building $1,667,600

Debit Parking Lot $105,264

Credit Cash $2,349,347

To record the purchase of land, its preparation, construction of a new Building and a Parking Lot for cash.

Explanation:

a) Data and Analysis:

Land $489,000

Land $35,300 (Land preparation)

Land $52,183 (Land preparation)

Building $1,667,600 (construction)

Parking Lot $105,264

Cash $2,349,347

6 0
3 years ago
As the facility manager, you listen to your employees and demonstrate concern and care about their social needs, but still make
bagirrra123 [75]

Answer:

Democratic management style

Explanation:

In a democratic management style, low-levels employee has the ability to influence the decision making made by the managers. Before making a decision, the managers will ask for inputs from the employees and take their perspective and needs into account.

This type of management style is very rare among large corporations. Most companies that use this style usually do not have too many team members.

4 0
3 years ago
For each item listed below, indicate the allocation terminology for the item. Use the following terms for your answer:
nexus9112 [7]

For each item listed the allocation terminology for the items are as follows:

Amortization: Copyrights, Patents, Trademarks and Annual licensing fees.

Depreciation:  Buildings, Equipment and Land Improvements.

Depletion: None.

None of these: Land, Research and Development Costs and Franchises.

<u>Explanation:</u>

Throughout accounting, amortization applies to multiple-period distribution of revenues. The concept is used for two isolated processes: loan amortization and asset amortization. Depreciation is the reduction in asset value and the process used to redeploy or "write down" a tangible asset's expense (like equipment) over its expected life period.

Depletion is a term of accounting and taxation generally used in coal, forestry, petroleum, or other related industries. Depletion is identical to depreciation in that it is an accounting and tax tracking system for cost recovery.

8 0
4 years ago
True or false:
gayaneshka [121]
I believe it’s false
I’m sorry if I’m wrong
4 0
3 years ago
Professor Shethinks Shesverybusy needs to allocate time this week for office appointments, so she needs to forecast the number o
Burka [1]

Answer: This Week's forecast  = 78 appointments

Explanation:

4 Weeks ago = 95 , 3 Weeks ago =80 , 2 Weeks ago = 65 , last Week = 50

forecast : 2 weeks ago = 90

alpha = 0.20

exponential smoothing = recent previous appointment x a + forecast(1-a)

Forecast (last week) = 65 x 0.20 + 90 x (1 - 0.20)

Forecast (last week) = 13 + 72 = 85

Forecast for this week = 50 x 0.20 + 85 x (1 - 0.20)

Forecast for this week = 10 + 68 = 78

This Week's forecast would be 78 appointments

7 0
3 years ago
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