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Ann [662]
3 years ago
11

Weber Company purchases $50,000 of raw materials on account, and it incurs $60,000 of factory labor costs. Supporting records sh

ow that (a) the Assembly Department used $24,000 of raw materials and $35,000 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments.
Business
1 answer:
IrinaK [193]3 years ago
7 0

Answer:

Assembly: 56,000 *Debit, Finishing: 40,000 *Debit, and Factory Overhead: 96,000 *Credit

Explanation:

Assembly

DM: 24,000

DL:35,000

FO: 35,000 x 160% =56,000

Finishing 26,000 and 25,000

FO 25,000 x 160% =40,000

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Answer:

Grace is incorrect because of the veil and alter ego theory

Explanation:

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According to the alter egos theory personal liability can be invoked on the owners of a corporation or its limited liability members.

Alter ego theory is used to penetrate the corporate veil that protects shareholders. Personal liability can be assigned on the business owner as it is in this case against Grace and the other owners.

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elena55 [62]

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Explanation:

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What is a flag drop in cab fees?
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3 years ago
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Answer:

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Explanation:

In a bid to make profits businesses must always compare different processes and choose the cheapest one.

This will eventually reflect in the profitability of the business.

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