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Kaylis [27]
3 years ago
14

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $3,200 of dir

ect materials and used $4,700 of direct labor. The job was not finished by the end of September, but needed an additional $3,700 of direct materials in October and additional direct labor of $7,200 to finish the job. The company applies overhead at the end of each month at a rate of 150% of the direct labor cost. What is the amount of job costs added to Work in Process Inventory during October
Business
1 answer:
maw [93]3 years ago
7 0

Answer:

Total job Costs added to Work In Process in October=$ 21, 700

Explanation:

Jaycee Corporation

Direct Materials requisitioned $3,200

Direct labor $4,700  

Over head = 150% 0f $ 4700= $ 7050

Total Costs Added During September = $ 3,200+ $ 4,700+ $ 7050= $ 14950

Costs Added During October

Direct Materials $3,700

Direct labor $7,200  

Overhead = 150 % 0f $ 7,200 = $ 10,800

Total job Costs added to Work In Process in October= $ 3,700+ $ 7,200 + $10,800= $ 21, 700

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Annette [7]

Answer:

False

Explanation:

Marketing research is a term that is used to refer to the process of systematically designing, collecting, interpreting, and reporting information. It is used to help marketers solve specific  marketing problems, and it is also used to take advantage of market opportunities. Marketing research is used to gather information which are not currently available to the decision makers.

A marketing information system (MIS) refers to a system in which marketing data is formally gathered, stored, analysed and distributed to managers in accordance with their informational needs on a regular basis. A management information system is systematically designed to support marketing decision making.

6 0
3 years ago
At the end of 2017, companies from one country collectively owned $22 billion in assets in its neighboring country. The $2 billi
Nastasia [14]

Answer:

A. Stock

Explanation:

The Stock of Foreign Direct Investment (FDI) measure the total level of direct investment at a given point in time, usually the end of a quarter or of a year.

The outward FDI stock is the value of the resident investors' equity in and net loans to enterprises in foreign economies.

6 0
3 years ago
Stan wants to start an IRA that will have $250,000 in it when he retires in 25 years. How much should he invest semiannually in
Wittaler [7]
<span>25 years: No Payment, but total is 250000
6 months earlier. Payment of "P". It's value 1/2 year later is P(1+0.03)
6 months earlier. Payment of "P". It's value 1 year later is P(1+0.03)^2
6 months earlier. Payment of "P". It's value 1½ years later is P(1+0.03)^3
6 months earlier. Payment of "P". It's value 2 years later is P(1+0.03)^4

</span><span>We need to recognize these patterns. Similarly, we can identify the accumulated value of all 50 payments of "P". Starting from the last payment normally is most clear.
</span>
<span>P(1.03) + P(1.03)^2 + P(1.03)^3 + ... + P(1.03)^50
 That needs to make sense. After that, it's an algebra problem.
 P[(1.03) + (1.03)^2 + (1.03)^3 + ... + (1.03)^50]
</span>
P(<span><span>1.03−<span>1.03^51)/(</span></span><span>1−1.03) </span></span>= <span>250000</span>
8 0
3 years ago
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options fo
Solnce55 [7]

Answer:

$8,300

Explanation:

Calculation for what Elroy's incremental profit or loss would be if he chooses option 2 over option 1

Using this formula

Incremental Profit of option 2 over option 1= Profit from option 1 - Profit from option 2

Let plug in the formula

Incremental Profit of option 2 over option 1= ($3,600*3)-(3*$1,100 - $800)

Incremental Profit of option 2 over option 1= $10,800 - $2,500

Incremental Profit of option 2 over option 1= $8,300

Therefore Elroy's incremental profit or loss would be if he chooses option 2 over option 1 would be $8,300

4 0
3 years ago
You ask your subordinates how long it will take to complete the job they are working on. the subordinates say, "if everything go
Elan Coil [88]

Answer: 8 hours

Using only three activity time estimations, the expected time for this job can be estimated using a mean or a median. If we use the mean, we add 3 estimates ((6,8 and (16+8)) and divide the sum by 3 (equals 13). If we use the median, expected time is 8 hours. In this case, where have extreme estimates, it is better to use the median, the number halfway in to the set which is 8.

7 0
3 years ago
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