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3 years ago

LO 4.7In a job order cost system, factory wage expense is debited to which account?

Business

1 answer:

klio [65]3 years ago

5 0

In a job order cost system, factory wage expense is debited to work in process inventory.

Explanation:

The costing of job orders is a system for assigning and accumulating production costs for a single production unit. When different produced items differ enough and each has considerable costs, the job order costing system is used.

The costs of each jobs include direct materials, direct work and production overhead in order to summarize the cost system for jobs. While the product is being produced, the process inventory includes direct materials and direct labor costs.

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If you can invest $1,000 today and it will grow to be worth $1,350 over the next 6 years, what is the compound annual return you

Roman55 [17]

Answer:

5.13%

Explanation:

Given:

Worth of investment today (PV) = $1,000

Investment worth after 6 years (FV) = $1,350

Time period of investment (nper) = 6 Years

It is required to compute annual return (RATE). This can be computed using spreadsheet function =RATE(nper,-PV,FV).

Substituting the values, we get =RATE(6,-1000,1350)

= 5.13%

Present value is negative as it is a cash outflow.

Therefore, annual return is computes as 5.13%.

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3 years ago

Although we usually think of marketing in terms of the piles of consumer goods begging for our dollars every day, the reality is

elixir [45]

Answer: a lot more

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3 years ago

Which expense contributes to a business’s semi-variable cost?

motikmotik

for Plato the correct answer is D. overtime (wages) paid to workers :)

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3 years ago

All of a company's depreciation, property taxes, and insurance premiums are considered manufacturing overhead.

Irina18 [472]

All of a company's depreciation, property taxes and insurance premiums are considered manufacturing overhead (MOH) ----- False.

What is considered manufacturing overhead?

Manufacturing overhead (MOH) cost is the sum of all the indirect costs which are incurred while manufacturing a product. It is added to the cost of the final product along with the direct material and direct labor costs.

What does manufacturing overhead include?

Manufacturing overhead includes indirect materials, indirect labor, depreciation on factory buildings and machines, and insurance, taxes, and maintenance on factory facilities. Costs that are a necessary and integral part of producing the finished product.

. Direct labor :

Is the cost of the workers who make the product. The cost of supervisory personnel, management, and factory maintenance workers, although they are needed to operate the factory, are classified as indirect labor because these workers do not use the direct materials to build the product.

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1 year ago

Consider the population consisting of all computers of a certain brand and model, and focus on whether a computer needs service

Dvinal [7]

Answer:

Based on selecting a sample of 300 computers The probability questions are follows

1. . What is the probability that no computer needs service within the warranty period?

2 . What is the probability that more than half of the computers that are sampled will need warranty period?

3. What is the expected number of computers fail before the warranty period?

7 0

3 years ago