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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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The cost of living protection rider is designed to help prevent inflation from eroding the purchasing power of the protection yo
alisha [4.7K]
The cost of living protection rider is desgned to help prevent inflation from eroding the purchasing power of the protection your policy provides is true.

4 0
3 years ago
rick, a sales associate, represented both the buyer and seller on a transaction that closed yesterday. the listing agreement off
Dmitrij [34]

Based on the commission on the property that Rick sold and the commission split, the amount that Rick is paid for the transaction will be $16,879.50

<h3>How much is the commission?</h3>

The commission on the transaction is:

= Property selling price x total commission percentage

= 341,000 x 5.5%

= $18,755

Rick is to get 90% of this as he split it 90/10 so Rick's commission would be:

= Total commission amount x Rick's share

= 18,755 x 90%

= $16,879.50

In conclusion, out of there entire sales price of the property, Rick will get a commission of $16,879.50

Find out more on commission on sales at brainly.com/question/24951536

#SPJ1

6 0
2 years ago
Which of the following is true about the equilibrium federal funds​ rate? A. The equilibrium federal funds rate is constant beca
djyliett [7]

Answer:

C) The Fed can increase the equilibrium federal funds rate by decreasing the supply of reserves.

Explanation:

The Federal fund rate is the interest rate at which the banks use to lend money to each other overnight. It can simply be called the interest rate for interbank reserve loans. It can also be the interest rate which is used to conduct monetary policies.

Here, money demanded is equal to the amount of money supplied. The Fed can change the equilibrum funds rate by decreasing the money supplied to the banks, which in turn, makes the federal fund demand increase and the federal also fund rate increases.

6 0
3 years ago
Tung is nearly fifty years of age and has not had a job for the past twenty-five years. He holds a bachelor's degree in engineer
Leno4ka [110]

Answer:

1- Tung is a exemple of the ideology of personal responsability.

Explanation:

The ideology of personal responsibility corresponds to a set of personal ideologies about the facts that happen in your life.

The individual believes that everything that happens is because of his actions and therefore occurs because of his own cause and choice. Therefore, they believe that because they choose their actions, they should be held responsible for them both legally and morally.

5 0
4 years ago
Wims, Inc., has sales of $15.2 million, total assets of $9.8 million, and total debt of $3.7 million. The profit margin is 6 per
lianna [129]

Answer:

A) 912,000 net income

B) ROA =   9.31%

C) ROE = 14.95%

Explanation:

a) net income:

\frac{income}{sales} =$profit margin

sales x profit margin = net income

15,200,000 x 6% = 912,000 net income

b) ROA = return on assets

\frac{income}{assets} =$Return on Assets

912,000/9,800,000 = 0,0930612 = 9.31%

b) ROE = return on equity

we use accounting equation to solve for equity:

aasets = liab + equity

9.8 M = 3.7M + E

E = 9.8 - 3.7 = 6.1

\frac{income}{equity} =$Return on Equity

912,000/6,1000,000 = 0,1495081 = 14.95%

7 0
4 years ago
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