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vaieri [72.5K]
3 years ago
7

g Zander Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold

at the end of the month. In July the company completed job F21X that consisted of 10,500 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job F21X shows the following costs: Beginning balance $45,150 Direct materials $363,300 Direct labor cost $161,700 Manufacturing overhead cost applied $207,900 During the month, the actual manufacturing overhead cost incurred was $205,800 and 7,000 completed units from job F21X were sold. No other products were sold during the month. The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for July is closest to:
Business
1 answer:
OleMash [197]3 years ago
7 0

Answer:

$518,700

Explanation:

For the computation of unadjusted cost of goods sold first we need to find out the total cost of Job F21X and cost per unit which is shown below:-

The Total cost of Job F21X = Beginning balance + Direct materials + Direct labor + Manufacturing overhead applied

= $45,150 + $363,300 + $161,700 + $207,900

= $778,050

Cost per unit = Total cost of Job F21X ÷ Number of units

= $778,050 ÷ 10,500

= $74.10

Cost of goods sold = Completed units from Job F21X × Cost per unit

= 7,000 × $74.10

= $518,700

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Answer: confidentiality agreement (CA)

5 0
2 years ago
Ivanhoe purchased a patent from Vania Co. for $1,240,000 on January 1, 2018. The patent is being amortized over its remaining le
Julli [10]

Answer: $744,000

Explanation:

The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:

First, we have to calculate the amortization recorded up to 2019. This will be:

= (1,240,000 / 10) x 2

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The we calculate the amortization to be recognized in 2020. This will be:

= (1,240,000 – 248,000) / 4

= 248,000

The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:

= 1240000 - 248000 - 248000

= $744,000

3 0
3 years ago
What makes the demand for u. s. dollars change? in world demand for u. s. exports ______ the demand for u. s. dollars. a in the
loris [4]

In the world demand for US, exports <u>increase</u> the demand for US dollars. a in the US interest rate differential <u>decreases</u> the demand for US dollars

An interest rate tells you how excessive the cost of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the interest charge is the quantity you're charged for borrowing cash, proven as a percentage of the total amount of the mortgage.

Traditionally, the guideline of thumb is that refinancing is a superb idea if you can reduce your interest rate by way of a minimum of 2%. but, many creditors say 1% financial savings is sufficient of an incentive to refinance.

As interest rates circulate up, the value of borrowing becomes more costly. because of this call, lower-yield bonds will drop, causing their price to drop. As interest prices fall, it will become less complicated to borrow money, and plenty of corporations will issue new bonds to finance growth.

Learn more about interest rates here brainly.com/question/2151013

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5 0
1 year ago
Human resources that perform the functions of organizing, managing, and assembling the other factors of production are
tatiyna

Answer:

The correct answer is letter "A": entrepreneurs.

Explanation:

Entrepreneurship is the factor of Human Resources (HR) by which representatives are in charge of coordinating with different departments on how to allocate labor force to achieve the business operations effectively. In some cases, some policy decisions and risks will have to be taken by them.

4 0
3 years ago
Pete qualifies for a home office deduction. The amount of space devoted to business use is 300 square feet of the total 1,200 sq
mote1985 [20]

Answer:

Rent is $2400

utilities other than cellphone is $625

Total home office expenses is $3025

Explanation:

firstly we need to calculate the percentage of how much in total does the office take in the apartment so we will say (300 square feet/1200 square feet) x 100

which is 25% so then to get the rental expense of the office we will say :

25%x$9600 = $2400 we say 25% which is office space in the apartment multiplied by the total apartment rental to get the office rent expense.

Then for the utilities we will say 25%x$2500 = $625 we multiply like this because the office uses 25% of all the apartment utilities .

thereafter the total home office expenses is the sum  of both the rental office expense plus the the utilities other than telephone for the home office expense:

$625 + $2400 = $3025 then we get total home office expenses.

8 0
3 years ago
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