Answer:
Option C
Explanation:
The journal entry to write-off underapplied overhead is shown below:
Applied Manufacturing Overhead xxx
To Work-In-Process Inventory xxx
To Finished Goods Inventory xxx
To Cost of Goods Sold xxx
To Manufacturing Overhead Control xxx
(Being the underapplied overhead written off is recorded)
The work in process inventory, finished goods inventory, and the cost of goods sold would be written off based on the overhead applied.
Answer:
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Explanation:
Station 4, 2,100/month Problem 11-11 The longest process on this "assembly line" will govern the output.
Therefore, the maximum output from this line will be: Output = available time/cycle time = (40 hours per week)*(60 minutes per hour)/1.5 minutes per
It means how much product you currently have in stock or in facilities.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Units in beginning inventory 300
Units produced 14,200
Units sold ($300 per unit) 12,700
Variable costs per unit:
Direct materials $20
Direct labor $60
Variable overhead $13
Fixed costs:
Fixed overhead per unit produced $30
Fixed selling and administrative $140,000
1) Ending inventory= units produced + beginning inventory - units sold
Ending inventory= 14,200 + 300 - 12,700
Ending inventory= 1,800
2) The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Unit product cost= 20 + 60 + 13 + 30
Unit product cost= $123
3) Ending inventory= 1,800*123= $221,400
Answer:
A) Research and Development
Explanation:
The following are the three primary functions that all the organizations perform:
operations
finance
marketing