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o-na [289]
3 years ago
7

When recording Manufacturing Overhead, it is acceptable to use only one account (for both actual and applied) or to use two sepa

rate accounts. If you are using two separate accounts, when recording the application of overhead the credit should be to: Group of answer choices Manufacturing Overhead Applied Manufacturing Overhead Control Neither of these is correct.
Business
2 answers:
ZanzabumX [31]3 years ago
7 0

Answer:

Manufacturing Overhead Applied

Explanation:

The Credit is an entry of the Overheads Applied in the Production Process. Overheads Applied equal the Predetermined Overhead Rate multiplied by the Actual units of production.

The debit will be the Cash payment made on the overheads actually incurred during the Production Process.

The Balance of this Account is an Under or Overrecovery of Overheads used to adjust the Cost of Goods Sold or Other Inventory Items.

Andreyy893 years ago
4 0

Answer:

Yes, it is acceptable to use to use two separate accounts.

When recording the application of overhead the credit should be to: Manufacturing Overhead Control

Explanation:

For ease of accounting, a temporary account called manufacturing overhead control account is created. In this account, actual overhead costs are recorded on the debit side of the  while overhead costs applied to Work in Process using predetermined rates are recorded on the credit side of the account.

The data reported on the manufacturing overhead control within a period includes all indirect costs incurred during the production process they include salaries, etc.

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Mike Samson is a college football coach making a base salary of $651,600 a year ($54,300 per month). Employers are required to w
Ratling [72]

Answer:

$7960.80; $9948.20 ; $17,409

Explanation:

Given the following :

Coach base salary = $651,600 ($54,300/month)

Social security tax = 6.2% upto maximum base amount

Medicare tax = 1.45% with no maximum

FICA base amount = $128,400

Coach Samson Social security and Medicare tax:

Social Security tax amount = 6.2% of $128,400

= 0.062 * $128,400 = $7,960.80

Medicare tax amount :

1.45% of $651,600

(1.45 / 100) * $651,600

0.0145 * $651,600

= $9948.20

Additional amount towards FICA taxes:

$7,960.80 + $9,948.20 = $17,409

4 0
3 years ago
Anette used 136.12 inches of lace equally on 12 dresses. How much lace did she use on each dress?
belka [17]

Answer:

24 laces

Explanation:

3 0
3 years ago
If offered employment by Amazon, would you be legally eligible to begin employment immediately?
mr Goodwill [35]

Answer:

Explanation:

offered employment by Amazon, would you be legally eligible to begin employment immediately?

Legally eligible for employment could be explained as having the right to take up a job in a particular country, which means one should posses a work permit or visa which will allow one to work for an employer in US since AMAZON is in US.

.it should be noted that The applicant is considered eligible, if the applicant is available bin US when submitting it as a citizen or with work permit

Therefore, I'm eligible to begin work immediately, if I'm offered employment by Amazon, if I meet the above criteria, and we know Amazon is in US.

5 0
2 years ago
A small business is currently using a paper-based system for billing, which is slow and error-prone. Which system upgrade will m
Pachacha [2.7K]

Answer: Source data automation

Explanation: Source data automation involves inputing data in a digital format from the point of origin. This method makes use of automated methods to collect data directly from the source right at the beginning. And in doing so, this process eliminates any duplicated effort, potential for errors and delays in any unnecessary handling.

4 0
3 years ago
Suppose you invest semiannually for 25 years in an annuity that pays 5% interest, compounded semiannually. At the end of the 25
bonufazy [111]

Answer:

$354,500

Explanation:

First find the amount invested ie the Present Value as follows :

n = 25 × 2 = 50

i = 5%

P/yr = 2

Pmt = $0

Fv = $500,000

Pv = ?

Using a Financial Calculator to enter the amounts as above, the Present Value is $145,471

Total Interest = Future Value - Present Value

                      = $500,000 - $145,471

                      = $354,529

Thus interest is $354,500 (nearest hundred dollars).

7 0
3 years ago
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