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nadezda [96]
2 years ago
5

Bretthauer Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July. Prio

r to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $55,000 and the total of the credits to the account was $66,000. Which of the following statements is true?
a. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $55,000.
b. Manufacturing overhead applied to Work in Process for the month was $66,000
c. Actual manufacturing overhead incurred during the month was $66,000
d. Manufacturing overhead for the month was underapplied by $11,000
Business
1 answer:
Elanso [62]2 years ago
7 0

Answer:

b. Manufacturing overhead applied to Work in Process for the month was $66,000

Explanation:

In posting the journal entries for a manufacturing company, the total of the amount on the credit side of the Manufacturing Overhead account represents the amount applied to and to be posted to the debit side of the Work in Process to complete the double entries.

Therefore, the correct option form the question is b. Manufacturing overhead applied to Work in Process for the month was $66,000.

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A.

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3 years ago
Read 2 more answers
MasterCom Corporation corporation produces a semiconductor chip used on communications. the direct materials are added at hte st
Mariana [72]

Answer:

a. The equivalent units of work done in​ June=   450,000

b. The total manufacturing cost per chip= $ 12.199= $ 12.2

Explanation:

a. The equivalent units of work done in​ June

Units Started                                                                  475,000

Units Completed                                                             425,000

Units still in Process completed 50% =  (50,000 * 50%) 25,000

The equivalent units of work done in​ June  =        450,000

b. The total manufacturing cost per chip

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Conversion costs                 $4,554,000

The total manufacturing     $ 5489750

The total manufacturing cost per chip =   $ 5489750/450,000

  The total manufacturing cost per chip       = $ 12.199= $ 12.2

3 0
3 years ago
A company is trying to decide between two independent projects. Each project has a cost of capital of 12%. Project A has an IRR
Rina8888 [55]

Answer:

Neither project should be chosen

Explanation:

Given that

Each project cost of capital is 12%

The IRR of project A is 11.4%

And, the IRR of project B is 11.1%

As we can see that the cost of capital of each project with their internal rate of return so no project should be selected

Therefore the above statement represent an answer

The same should be relevant

6 0
3 years ago
2019 2018 2017 2016 2015 Sales $ 512,623 $ 332,872 $ 260,056 $ 191,218 $ 142,700 Cost of goods sold 253,785 164,657 130,427 95,5
Lelu [443]

Answer:

Please find the complete solution in the attached file.

Explanation:

4 0
2 years ago
Which country has a Gross Domestic Product of about 8.5 trillion dollars?
horsena [70]
The answer would be : B. China

Japan has a  4.92 trillion Dollars of Gross Domestic Products
United states has a 16.77 trillion dollars worth of Gross Domestic Products
and
Russia has a 2.097 trillion dollars of Gross Domestic Products

That leave China as the correct answer
8 0
2 years ago
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