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LekaFEV [45]
3 years ago
14

Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead f

or the year was $760,000 and estimated direct labor hours were 20,000.
What would be recorded as the cost of job WR53?

a. $200.

b. $350.

c. $380.

d. $730.
Business
1 answer:
Ira Lisetskai [31]3 years ago
7 0

Answer:

d. $730.

Explanation:

Material cost =                                $200

Direct labor expense = $15 x 10 = $150

Overheads = $38 x 10 =                 <u>$380</u>

Total cost                                         <u>$730</u>

Predetermined overhead rate = Estimated total overhead / estimated direct labor hours = $760,000 / 20,000 = $38 per labor hour.

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<h3>What is a buildup approach?</h3>

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Hence, this same approach is used by Howard to find out how much fiberglass insulation to use in building homes.

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7 0
2 years ago
Unlike manufacturers, ________ buy products from other businesses but do not significantly alter the form of the products they b
LenKa [72]

Answer: Resellers

Explanation:

Resellers buy products from other businesses but do not significantly alter the form of the products they buy before selling them.

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6 0
3 years ago
Read 2 more answers
Trade barriers: Group of answer choices are still used by nations as a means of rewarding their friends and punishing their enem
elixir [45]

Answer:

are still used by nations as a means of rewarding their friends and punishing their enemies

Explanation:

Trade barriers "are still used by nations as a means of rewarding their friends and punishing their enemies."

The above statement is based on the fact that trade barriers have been analyzed to be damaging and reduce the total economic advantage of the affected countries.

For example, the imposition of taxes on food imports and subsidies for farmers in advanced countries leads to overproduction and eventually dumping on world markets, thereby reducing the prices and affecting the developing countries' farmers.

8 0
3 years ago
TRN sold $40,000, of goods and accepted the customer's $40,000 10%, 1-year note payable in exchange. Assuming 10% approximates t
drek231 [11]

Answer:

b. $2,000

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= Sale value of goods × rate of interest × (number of months ÷ total number of months in a year)

= $40,000 × 10% × (6 months ÷ 12 months)

= $2,000

The 6 months is calculated from June 30 to December 31.

So, the b option is correct and rest options are wrong.

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3 years ago
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emmainna [20.7K]
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