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Marina86 [1]
3 years ago
7

Swifty Company purchases $50,100 of raw materials on account, and it incurs $62,800 of factory labor costs. Supporting records s

how that (a) the Assembly Department used $33,500 of the raw materials and $44,400 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs.
Business
1 answer:
dusya [7]3 years ago
6 0

<u>Solution and explanantion</u>

To record the assignment of overhead to the assembly and finishing department, debit the work in process assembly department, debit the work in process finishing department and credit manufacturing overhead as below:

date Particulars                                                Debit Credit

Work in process – assembly department 71040  

Work in process – finishing department 29440  

Manufacturing department                                             100480  

<u>Working note: </u>

Labor cost assigned to assembly = $44400

Labor cost assigned to finishing = $62800 minus 44400 = $18400

Manufacturing overhead assigned to assembly ==\$ 44400 * 160 \%=\$ 71040

Manufacturing overhead assigned to fiishing =\$ 18400 * 160 \%=\$ 29440

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Answer:

1.79

Explanation:

Net working capital is $560

Net fixed assets is $2,306

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Therefore the amount of dollar wort sales generated in every $1 can be calculated as follows

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6700/1430+2,306

= 6700/3736

= 1.79×1

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4 0
3 years ago
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8 0
1 year ago
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Answer:

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Explanation:

solution

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6 0
3 years ago
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blagie [28]
I think it's A.
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I hope it helped you!
7 0
3 years ago
Read 2 more answers
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Answer:

The correct answer is: True.

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