1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
enot [183]
4 years ago
13

Libby Company manufactures a single product by a continuous process, involving the production departments. The records indicate

that direct materials, direct labor, and applied factory overhead for Department 1 were $160,000, $125,000, and $150,000, respectively. The journal entry to record applied factory overhead is
Business
1 answer:
svlad2 [7]4 years ago
7 0

Answer:

Work In Process Account $150,000 (debit)

Overheads $150,000 (credit)

Explanation:

Overheads are included in Work In Process Account at their Applied Amounts .Thus a <em>Debit</em> in Work In Process Account and a <em>Credit</em> in Overheads Account is required for this entry.

You might be interested in
Fixed expenses are $147,000 per month. The company is currently selling 2,000 units per month. The marketing manager would like
vitfil [10]

Answer:

Explanation:

We don't have enough information to calculate the exact effect on the net operating income. For example, we will need the selling price and unitary variable costs. But we can calculate the effect on the fixed costs and selling variable costs.

Savings in fixed costs= $22,000

Increase in total variable costs= 13* 2400 units= $31,200

To decide whether it is convenient or not we need the information previously stated.

3 0
3 years ago
Joe Broker finds a tenant for the landlord with whom Joe has a brokerage agreement. The tenant's deposit check bounces and the l
ella [17]

Answer:

C

Explanation:

as a broker of the landlord Joe owes his principal a duty to procure a reliable tenant. and as such he is in breach of the brokerage agreement.

3 0
4 years ago
A problem with the utilitarian principle of ethical decision making is that:_______.
NikAS [45]

Answer:      

Option D                  

Explanation:

The Utilitarian Strategy analyses an intervention in consideration of its effects or results; that is, the net advantages and expenses to all different participants.

It aims to accomplish the maximum good for the greatest amount while producing the least amount of suffering or preventing the most suffering.

In a business setting, this method may focus on a statistical methods of likely results, a traditional cost / benefit calculation, or evaluation of the potential usefulness of a result for different group participants.

5 0
3 years ago
Examples of services are _____.<br><br> dentists<br> childcare<br> newspapers<br> personal computers
motikmotik

Personal computers

Sentence:

Examples of services are personal computers.

6 0
4 years ago
Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance
Sergeeva-Olga [200]

Answer and Explanation:

As per the data given in the question,

The preparation of the operating activities section of the cash flow statement using the indirect method is shown below:

Cash flow from operating activities:

Net income $21,000

Add: Depreciation $4,000

Less: Accounts receivable expense -$9,000

Add: Inventory decrease $4,000

Add: Salaries payable increase $900

Net cash flow provided by operating activities $20,900

Net income is added because it provided before adjustment.

Depreciation is added because it is non cash expense.

Accounts receivable expense is deducted because it is trap in account receivable.

Inventory decrease is added because it depicts that the inventory is converted in cash.

Salaries payable increase is added because it shows cash is not paid which rise the level of cash.  

4 0
3 years ago
Other questions:
  • On October 1st Joe charged​ $900 to his credit​ card, on October 10th he charged another​ $1,300 to his credit​ card, and on Oct
    7·1 answer
  • What is trend analysis
    8·2 answers
  • In the Sender Message Channel Receiver (SMCR) model, the ______ is the large, bureaucratic organization that produces messages.
    9·1 answer
  • A second mover: a.is typically ineffective in its response to a first mover. b.attempts to provide a product with greater custom
    15·1 answer
  • What kind of information should entrepreneurs gather before investing in a new business?
    11·1 answer
  • What special precautions or practices should a private practitioner adopt in order to minimize professional liability and ensure
    12·1 answer
  • A variable expense is a _____.
    7·2 answers
  • Kiran's family took a road trip to Niagara Falls. Kiran slept through the last 62% of the trip. If the total length of the trip
    12·1 answer
  • Which of the following is NOT a reason to make payments online? ​
    13·1 answer
  • The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a deductible of $1,000 pe
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!