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Lelechka [254]
3 years ago
15

The Work in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $3,

850 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $1,790 and direct labor cost of $770. Therefore, the amount of the applied overhead is: Multiple Choice $2,060. $2,560. $1,290. $770. $3,080.
Business
1 answer:
QveST [7]3 years ago
4 0

Answer:

$1,290

Explanation:

The work in process inventory account balance is given by the sum of the direct material cost, direct labor cost and the amount of applied overhead.

If the balance is $3,850, with material cost of $1,790 and direct labor cost of $770, the applied overhead is:

O = \$3,850 - \$1,790 - \$770\\O=\$1,290

The amount of the applied overhead is $1,290.

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Two new software projects are proposed to a young, start-up company. The Alpha project will cost $530,000 to develop and is expe
Vsevolod [243]

Answer: See Explanation

Explanation:

The payback period for both projects would be calculated as:

Alpha Project

Cost = $530,000

Annual net cash flow = $60,000

Payback period = Cash / Annual net cash flow

= $530,000 / $60,000

= 8.83

Beta Project

Cost = $170,000

Annual net cash flow = $18,000

Payback period = Cash / Annual net cash flow

= $170,000 / $18,000

= 9.4

We can see that Alpha Project is better as the payback period is lesser than Beta project

3 0
3 years ago
There have been several instances in the last 150 years when valuable materials such as diamonds have been found contained in gl
Lana71 [14]

Answer:

<u>Lateral moraine</u>

Explanation:

It is important to note the duration of years here; 150 years ago. The Lateral moraine is a very familiar image when dealing with glaciers.

Therefore, the Lateral moraine would be most useful for tracing valuable gold deposits back to their bedrock source area since it is also an unconsolidated debris that is found on the side of glaciers.

6 0
3 years ago
Among foragers the status of women declines when they provide most of the food. men and women are equal; there is no gender ineq
Yuki888 [10]

Answer:

Whats the question??

Explanation:

3 0
3 years ago
"distinguish between an absolute advantage and a comparative advantage. cite an example of a country that has an absolute advant
xxTIMURxx [149]

Answer:

Distinguish between an absolute advantage and a comparative advantage is discussed below.

Explanation:

Absolute advantage and a comparative advantage

  • Absolute advantage concentrates on the marginal cost of reproduction of an asset whereas comparative advantage characteristically concentrates on the opportunity cost of production.
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5 0
3 years ago
Partners Dennis and Lilly have decided to liquidate their business. The following information is available:
fgiga [73]

Answer:

Partners Dennis and Lilly have decided to liquidate their business. The following information is available:

Cash $100,000 Accounts Payable $100,000

Inventory $200,000 Dennis, Capital $120,000

Lilly, Capital $80,000

$300,000 $300,000

Dennis and Lilly share profits and losses in a 3:2 ratio. During the first month of liquidation, half the inventory is sold for $60,000, and $60,000 of the accounts payable is paid. During the second month, the rest of the inventory is sold for $45,000, and the remaining accounts payable are paid. Cash is distributed at the end of each month, and the liquidation is completed at the end of the second month.

1. Using a safe payments schedule, how much cash will be distributed to Dennis at the end of the first month?

a. $36,000

b. $64,000

c. $60,000

d. $24,000

2. Using a safe payments schedule, how much cash will be distributed to Lilly at the end of the first month?

a. $40,000

b. $24,000

c. $64,000

d. $16,000

4 0
3 years ago
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