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alisha [4.7K]
3 years ago
8

Juanita Corporation uses a job-order costing system and applies overhead on the basis of direct labor cost. At the end of Octobe

r, Juanita had one job still in process. The job cost sheet for this job contained the following information: Direct materials $ 480 Direct labor $ 150 Manufacturing overhead applied $ 600 An additional $100 of labor was needed in November to complete this job. For this job, how much should Juanita have transferred to finished goods inventory in November when it was completed?
Business
1 answer:
bezimeni [28]3 years ago
7 0

Answer:

Total Cost of the Job    $

Direct materials             480

Direct labour                  150

Additional labour           100

Applied overhead          600

Total cost                        1,330

The total amount to be transferred to finished goods inventory in November is $1,330.                                

Explanation:

The total cost of the job  is the total of direct material, direct labour, additional labour and manufacturing overhead applied. The additional labour cost is considered because it is required to complete the job.

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uses job order costing to measure and track product costs. Raleigh has determined that machine hours drive its manufacturing ove
polet [3.4K]

Answer:

Allocated MOH= $4,000

Explanation:

Giving the following information:

Machine hours used 1,000 hours

If total manufacturing overhead costs during the month totaled $100,000 when a total of 25,000 machine hours were used

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 100,000/25,000= $4 per machine hour

Now, we can allocate overhead to Product 95:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 4*1,000= $4,000

5 0
3 years ago
Goods with many close substitutes tend to have a. more elastic demands. b. less elastic demands. c. price elasticities of demand
kotykmax [81]

Answer:

The correct answer is a. more elastic demands.

Explanation:

There are some goods whose demand is very price sensitive, small variations in their price cause large variations in the quantity demanded. It is said of them that they have elastic demand. The goods that, on the contrary, are not sensitive to price are those of inelastic or rigid demand. In these large variations in prices can occur without consumers varying the quantities they demand. The intermediate case is called unit elasticity.

The elasticity of demand is measured by calculating the percentage by which the quantity demanded of a good varies when its price varies by one percent. If the result of the operation is greater than one, the demand for that good is elastic; If the result is between zero and one, its demand is inelastic.

The factors that influence the demand for a good to be more or less elastic are:

1) Type of needs that satisfies the good. If the good is of first necessity the demand is inelastic, it is acquired whatever the price; On the other hand, if the good is luxurious, the demand will be elastic since if the price increases a little, many consumers will be able to do without it.

2) Existence of substitute goods. If there are good substitutes, the demand for good will be very elastic. For example, a small increase in the price of olive oil can cause a large number of housewives to decide to use sunflower.

4 0
3 years ago
The minute karen walks into your mother-in-law's house to visit, she is struck by the strong smell of her perfume. however, afte
fenix001 [56]

Answer:

sensory adaptation

Explanation:

As when you enter a new area basically there is change of environment and the senses activate and if there will be a slight change also in the smell, and quality of air that will be noticed by the body.

After certain time is spent even in the changed environment the body starts accepting such change and accordingly after few minutes even though the smell was recognizable earlier will have no effect now.

This is called sensory adaption, that is with some time the senses adapt such change.

5 0
4 years ago
MTH Bank has given the McKelvey's a written pledge to lend $250,000 on a new construction home, for 30 years, at 6.53%. The McKe
ra1l [238]

Answer:Conditional approval

Explanation:This is a loan that has been approved but there are still conditions which are still pending that need to be met such as some outstanding documents or other conditions such as in this case they still need to take this pledge to the subdivision sales agent.

8 0
3 years ago
Assume that you are going to open a checking account. You are examining different banks and banking accounts to choose a bank ac
koban [17]

The answer is:  b. Bank E offers you a chocolate bar for filling out an application for checking and credit at the same time.

When you make examination to determine the type of bank accounts to open , your focus should only be the financial gain that you will obtain from the banks, not small snack that you can buy easily with your money.

You need to focus on finding out which banks would provide more interest rates for your saving, which provide the fastest and reliable services, and which provides more investments opportunities for you.

7 0
3 years ago
Read 2 more answers
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