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Aleksandr-060686 [28]
3 years ago
5

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $90,900 and expected direct labor hours of 10,100 for

the current fiscal year. If Job 117 incurs 1,930 direct labor hours, Work in Process will be debited and Factory Overhead will be credited for a.$1,930 b.$17,370 c.$45,450 d.$90,900
Business
1 answer:
kotykmax [81]3 years ago
5 0

Answer:

b. $17,370 and d. $90,900

Explanation:

Data given in the question

Estimated total factory overhead costed to $90,900

Expected direct labor hours = 10,100

Incurred direct labor hours = 1,930

So by considering the above information

The work in process debited to

= Estimated total factory overhead cost ÷ estimated direct labor hours × incurred direct labor hours

= $90,900 ÷ 10,100 × 1,930

= $17,370

And, the factory overhead will be credited for $90,900

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The following items are found in the financial statements.
Oksana_A [137]

Answer:

(a) Discount on bonds payable  ⇒ SHOULD BE REPORTED IN THE BALANCE SHEET UNDER LIABILITIES

(b) Interest expense (credit balance)  ⇒ WHEN INTEREST EXPENSE IS INCLUDED IN THE INCOME STATEMENT IT HAS A DEBIT BALANCE, WHEN IT HAS A CREDIT BALANCE IT MEANS IT IS A LIABILITY AND MUST BE REPORTED IN THE BALANCE SHEET

(c) Unamortized bond issue costs  ⇒ SHOULD BE REPORTED IN THE BALANCE SHEET, IT IS A CONTRA LIABILITY ACCOUNT

(d) Gain on repurchase of debt  ⇒ SHOULD BE REPORTED IN THE INCOME STATEMENT AS PART OF OTHER GAINS AND LOSSES

(e) Mortgage payable (payable in equal amounts over next 3 years)  ⇒ SHOULD BE REPORTED IN THE BALANCE SHEET UNDER LIABILITIES (UNDER CURRENT AND LONG TERM LIABILITIES)

(f) Debenture bonds payable (maturing in 5 years) ⇒ SHOULD BE REPORTED IN THE BALANCE SHEET UNDER LONG TERM LIABILITIES

(g) Notes payable (due in 4 years)  ⇒ SHOULD BE REPORTED IN THE BALANCE SHEET UNDER LONG TERM LIABILITIES

(h) Premium on bonds payable   ⇒ SHOULD BE REPORTED IN THE BALANCE SHEET UNDER LIABILITIES (REDUCES BONDS PAYABLE)

(i) Bonds payable (due in 3 years) ⇒ SHOULD BE REPORTED IN THE BALANCE SHEET UNDER LONG TERM LIABILITIES

5 0
3 years ago
Conducting research about an occupation, company, or job can increase your employability by up to _____.
Delvig [45]
<span>Conducting research about an occupation, company, or job can increase your employability by up to 25%. The correct answer is C.
You should always research the job that you are applying for and the company that you want to work in because it shows your possible employer that you are really interested in the job and would like to have it. Thus, they are more likely to actually give you that job.</span>
5 0
3 years ago
Why have many nations chosen to use taxpayer dollars to subsidize primary, secondary, and higher education
Alona [7]

Answer and Explanation:

This is because education has a positive rate of return. Investment in Education is an investment in new knowledge which is beneficial to any country. These countries have subsidized these forms of education because they recognize that an investment in education is an investment in human capital. Which would likely increase future productivity and ability to earn money.

Education is very beneficial to the individual who gets it, but a country where it's citizens have a good level of education benefits everyone positively.

1. Better health outcomes due to breakthroughs in research.

2. Reduction in Crime rates

3. Better environment

4. Also a better government

Are reasons for using taxpayers dollars to subsidize all these levels of education.

3 0
3 years ago
Jenny, a frequent jogger, sees a television ad for sports shoes that features a famous marathon runner. Viewing the ad makes her
Lady bird [3.3K]

Answer:

d

Explanation:

In this scenario it seems that Jenny is being a  persuasive ad viewer and a critical judge of the product. This can be said because she is basing her judgement on the fact that the ad features a famous marathon runner, even though the ad is specifically designed to persuade the viewer to buy the product by using these famous athletes. And just from the athlete she is judging that the product is good and being persuaded into buying it.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
Within a PPF framework, explain each of the following: (a) a disagreement between a person who favors more domes-tic welfare spe
arsen [322]

Answer:

A. Movement on the PPC

B. Rightwards / Outwards shift of PPC

C. Less Concavity of PPC

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Production Possibility Curve is combination of two goods that an economy can produce, given resources & technology (efficient utilisation).

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a) A disagreement between persons favouring more domestic welfare spending or national welfare spending : Is just an issue of reallocation of same resources, technology. So, PPC doesn't change & there can only be movement on the PPC (more of one good, less of other good)

b) An increase in population : leads to increase in human resource & hence the PPC shifts outwards / rightwards as the production potential of economy rise with more human resource.

c) Technological change that make resources less specialised : would reduce resources' efficiency gap in production of two goods. So, Marginal Opportunity cost reduces & hence the PPC becomes less concave.

6 0
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