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MaRussiya [10]
3 years ago
14

Diamond Design Company makes custom chairs for individual customers. On September 1, there was one job in process, Job 243, with

a cost of $2,000. Jobs 244, 245, and 246 were started during the month of September. Data on costs added during the month are as follows: Job 243 Job 244 Job 245 Job 246 Direct Materials $9,000 $2,280 $6,700 $8,000 Direct Labor 2,240 1,000 2,300 2,530 Overhead is applied to production at the rate of 60% of direct labor cost. Job 245 was completed on September 14 and the client was billed at cost plus 40%. All other jobs remained in process. If selling and administrative expenses for the month of September equals $ 1,000, what is operating income for the month of September
Business
1 answer:
Romashka [77]3 years ago
3 0

Answer:

Net operating income= $3,152

Explanation:

Giving the following information:

Job 245 was completed on September 14 and the client was billed at cost plus 40%.

Job 245:

Direct Materials= $6,700

Direct Labor= $2,300

Overhead= 0.60*2300= $1,380

Total cost= $10,380

Sales= 1.4*10380= $14,532

Cost od goods sold= 10380

Gross profit= 4152

Selling and administrative expense= 1000

Net operating income= $3,152

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ra1l [238]

Answer:

$35,000

Explanation:

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Cash payment = $15,000

Note payable = $20,000

Total Cost  = $15,000 + $20,000 = $35,000

6 0
3 years ago
VWhat is a commodity? A. Something that producers are unable to sell to consumers B. A resource that is available in unlimited q
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4 0
3 years ago
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It costs Bluffton Company $18.20 of variable costs and $7.80 of fixed costs to produce its product that sells for $39. Cointreau
Vikentia [17]

Answer:

increase by $15,600

Explanation:

Fixed cost remains constant throughout a period. If production is through the use of idle capacity, fixed cost will not change.

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=$5.20

change in income will be $5.20 x 3000

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6 0
2 years ago
Labor and population statistics are examples of sources for internal data that are accessed by a database.
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False. <span>Labor and population statistics are examples of sources for internal data that are accessed by a database. The correct answer is sources for external data. External data refers to data that is collected from an outside data source and stored in table like programs for company to use when evaluating their labor and population around their area. </span>
6 0
3 years ago
Walter builds birdhouses. he spends $5 on the materials for each birdhouse. he can build one in 30 minutes. he is semi-retired b
Vesna [10]

Answer:

D. $5

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3 years ago
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