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Fynjy0 [20]
3 years ago
8

laston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of un

its expected to be produced are 189,000 in October, 197,500 in November, and 194,000 in December. Glaston assigns variable overhead at a rate of $0.70 per unit of production. Fixed overhead equals $146,000 per month. Compute the total budgeted overhead for October?
Business
1 answer:
g100num [7]3 years ago
4 0

Answer:

Total= $278,300

Explanation:

Giving the following information:

The production budget indicates that the number of units expected to be produced is 189,000 in October, 197,500 in November, and 194,000 in December. Glaston assigns variable overhead at a rate of $0.70 per unit of production. Fixed overhead equals $146,000 per month.

Budgeted overhead for October:

Variable= 0.70*189,000= $132,300

Fixed= $146,000

Total= $278,300

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klio [65]

Answer:

The option which is not a task of the bankruptcy trustee is;

Represent the debtor when meeting with creditors

Explanation:

In a case of bankruptcy a bankruptcy trustee is assigned by the court and to whom the case information is handed to perform the following tasks

1) Converts the collected company assets to money

2) Assess the creditors (owed by the debtor) proof of claims

3) Allocate monetary refunds to the creditors

4)  Upholds or refuse claimants to specific debts

5) Completes tax and other financial reports that are submitted to government agencies

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2 years ago
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According to your book, a group of six people waiting at a bus stop constitutes a group.
Arte-miy333 [17]
We need the book to see what's happening
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In Da Houz is a bar which mostly plays trance music, and has a dedicated day every week for local bands to perform. In Da Houz t
Dmitry_Shevchenko [17]

Answer:

Direct marketing            

Explanation:

In simple words, Direct marketing relates to the means of selling an deal, where companies specifically interact with a pre-selected client and provide a mechanism for veiled reference. It has also been recognized as direct reaction marketing amongst practitioners.

The least likely to be successful is indeed a direct marketing message that is sent to the largest possible public. After all, while simply irritating several other beneficiaries, the business can gain few more consumers.

5 0
3 years ago
If the government imposes a maximum price for milk that is above the equilibrium price:
Keith_Richards [23]
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6 0
3 years ago
The following data relate to the accounts of Edmiston Company. a. Unpaid salaries and wages at year end amount to $750. b. Edmis
AVprozaik [17]

Answer:

a. Debit  Salaries and wages expense   $750

   Credit Accrued Salaries and wages   $750

Being entries to record accrued salaries and wages

b. Debit Interest receivable $600

   Credit Interest income     $600

Being entries to record interest earned

c. Debit Insurance expense $350

   Credit Prepaid Insurance  $350

Being entries to record insurance expense

d. Debit Service revenue  $900

   Credit Unearned Service revenue  $900

Being entries to record unearned revenue

e. Debit Supplies expense  $1,500

   Credit Supplies account   $1,500

Being entries to record supplies expense

Explanation:

When salaries are incurred but yet to be paid, the expense has to be recorded with a corresponding liability known as accrued expense. When interest is earned but yet to be paid, it has to be recognized as a credit to the income statement and a debit to the balance sheet.

When insurance is paid in advance, the entries required are  

Debit Prepaid Insurance

Credit Cash account

As time elapses and the insurance expires,

Debit Insurance expense

Since payment was for 2 years, period elapsed as at December 31, 2017 is 7 months hence amount of expense

= 7/24 * $1,200

= $350

When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are

Debit Cash account and Credit Unearned fees or deferred revenue.

As the service is performed and the revenue is earned, debit Unearned fees and credit revenue.

When Supplies is purchased, Debit supplies and credit Cash/Accounts payable. As Supplies are used up, debit supplies expense (with the amount used) and Credit Supplies account.

Amount of supplies used

= $2500 - $1000

= $1,500

4 0
3 years ago
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