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Aliun [14]
3 years ago
13

Townley inc has provided the following data for the month of February. There were no beginning inventories; consequently, the di

rect labor, and manufacturing overhead applied listed below are all for the current month.
Work In Process Finished Goods Cost of Goods Sold Total
Direct materials $4,240 $14,720 $41,680 $60,640
Direct labor 10,040 29,440 83,840 123,320
Manufacturing-
overhead applied 5,830 11,110 34,980 51,920
Total $20,110 $55,270 $160,500 $235,880

Manufacturing overhead for the month was overapplied by $4,200.
The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts.
The work in process inventory at the end of March after the allocation of any underapplied or overapplied manufacturing overhead for the month is closest to ______. (Round intermediate percentage computations to the nearest whole percent.)
Business
1 answer:
serious [3.7K]3 years ago
6 0

Answer:

$19,648

Explanation:

The computation of the ending work in process after considering the allocation of any under applied or over applied is shown below:

But for that first we have to find out the percentage of allocated overhead which is given below:

= Work in process manufacturing overhead applied ÷ Total manufacturing overhead applied

= $5,830 ÷ $51,920

= 11%

And, the over applied manufacturing overhead is $4,200

So, its allocation is

= $4,200 × 11%

= $462

Now the ending work in process is

= $20,110 - $462

= $19,648

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Answer:

B. Holly's statement is normative, but Ben's is positive.

Explanation:

Positive statements are based on objective deduction of what is, or was. It is based on facts. Ben's comment "an increase in the tax on beer will raise its price", is an example of positive statement.

Normative statements are subjective and based on individual values and judgement. In her statement Holly appears to be biased against drinking much. She says "taxes should be increased on beer because college students drink too much." Is a normative statement.

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When initiating communication in a business environment, the first step is to:
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Answer:

International Trade

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Average fixed cost is equal to a.total fixed cost divided by quantity. b.marginal cost minus average total cost. c.quantity divi
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Answer:

e.a and d

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I hope my answer helps you

6 0
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You have a loan outstanding. It requires making three annual payments at the end of the next three years of $1000 each. Your ban
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Answer:

$2722.82

Explanation:

Present value of loan = $1,000 * [(1+5%)^3 - 1]/ 5%

= $1,000 * (1.157625 - 1) / 0.05

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Therefore, the final payment required to pay to make indifferent for both payment is $2722.82

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3 years ago
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