1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gladu [14]
3 years ago
8

Portside Watercraft uses a job order costing system. During one month Portside purchased $153,000 of raw materials on credit; is

sued materials to production of $164,000 of which $24,000 were indirect. Portside incurred a factory payroll of $95,000, of which $25,000 was indirect labor. Portside uses a predetermined overhead rate of 170% of direct labor cost. The journal entry to record the application of factory overhead to production is:
Business
1 answer:
Serjik [45]3 years ago
8 0

Answer:

Payroll = $95,000,

Indirect labor   = $25000

Direct labor paid = $95000 - $25000 = $70000

∵ predetermined overhead application rate is 170 % of direct labor cost

Overhead applied to work in process = 70000 × 170 %

= $119,000

Journal entry:

<em> Debit  ⇒ </em>Work in process = $1190000

<em> Credit</em> ⇒ Factory Overheads = $119000

You might be interested in
Determine whether each of the following goods is a private good, a public good, a common resource, or a club good. Private Good
cupoosta [38]

Answer:

Common Resource

public good

private good

Explanation:

A club good is a type of public good. It is excludable but non-rivalrous. For example paid streaming services are an example of a club good. Those who do not subscribe are excluded from using the service. But all subscribers have equal assess to the service

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the clock does not means another person cannot enjoy the view of the clock

A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It is only you who purchased the drum set and those you allow that can use the drum set.

A common resource is a good that is non excludable but rivalrous. The bike in the fitness room is an example. Because the gym is open to anyone, it is non excludable. Only one person can use it at a time, thus it is rivalrous

5 0
3 years ago
suppose that last year a total of $12 billion in goods and services was exported to other countries while $8 billion was importe
Aneli [31]

Suppose that last year a total of $12 billion in goods and services was exported to other countries while $8 billion was imported. Net exports equal $4 billion.

In general, real GDP is calculated by dividing nominal GDP by the GDP deflator (R). For example, if the economy's prices rise by 1% from the base year, the deflation rate is 1.01. If nominal GDP is $1 million, real GDP is calculated as $1,000,000 / $1.01 or $990,099.

Equity and bond values ​​are not included in GDP as they are not reissued annually. They may have been issued last year. Second, the stock a person buys is goods and services, and the company reuses the money invested to buy the asset, so the value is calculated twice.

Learn more about goods and services at

brainly.com/question/25125137

#SPJ4

8 0
2 years ago
If the container store owners/managers were to walk around and personally thank each employee for doing a good job, then this wo
Lelechka [254]
I<span>f the container store owners/managers were to walk around and personally thank each employee for doing a good job, then this would be a motivating factor. This action exhibits a good environment as well for employees to foster as they're performances are acknowledged by their employers. if this goes on, this will inspire many employees to alleviate their status.</span>
8 0
3 years ago
Read 2 more answers
Within the Renault Nissan alliance (Chapter 9 Mini Case), both Renault and Nissan have each formed ____________ strategic allian
Troyanec [42]

Answer: (D) Horizontal complementary

Explanation:

The horizontal complementary is one of the type of business strategy alliances that are formed for increase the competition level in the marketing by producing the various types of product and new technologies in the market.

According to the question, the horizontal complementary strategy are basically refers to the partnership that link various types of organizational unit together with the other business units or companies.      

Therefore, Option (D) is correct.

5 0
4 years ago
Full-Time Employed = 80 Part-Time Employed = 25 Unemployed = 15 Discouraged Workers = 5 Members of Underground Economy = 6 Consu
Dafna11 [192]

Answer:

a) 12.5%

Explanation:

Labor force = Unemployed labor + Part time employed + Full time employed = 15 + 25 + 80 = 120

Unemployment rate = Unemployed / Labor force *100 = 15/120 *100 = 12.5%

A. 12.5%

3 0
3 years ago
Read 2 more answers
Other questions:
  • Street Company's fixed expenses total $150,000, its contribution margin ratio is 40% and its selling price per unit is $11.25. B
    14·1 answer
  • BEST ANSWER WILL GET BRAINLIST PLZ HELP MEE
    13·1 answer
  • A liquid asset is one that is easy to cash in.
    11·2 answers
  • A company reports the following income statement and balance sheet information for the current year:
    7·2 answers
  • the condition of Nepalese worker in foreign employment is poor what are the reasons behind it write any five reasons​
    14·2 answers
  • On January 1, a company issued and sold a $440,000, 6%, 10-year bond payable, and received proceeds of $434,000. Interest is pay
    8·1 answer
  • ______ are special incentives or excitement-building programs that encourage consumers to purchase a particular product, often u
    15·1 answer
  • In a bus network, a single communication path connects the central server, departmental servers, workstations, and peripheral de
    10·1 answer
  • A decrease in the inventory account during the year should be reported on the indirect method statement of cash flows as?
    12·1 answer
  • Macroeconomics deals with the short-run variations in economic growth that make up the business.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!