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4 years ago

Amounts debited to the Work in Process Inventory account may best be described as:

Business

1 answer:

Ronch [10]4 years ago

8 0

Answer:

c. Total manufacturing costs charged to production.

Explanation:

We know that

Total manufacturing cost = Direct material + direct labor + manufacturing overhead cost

where,

Manufacturing overhead cost includes Factory utilities + factory equipment depreciation + factory building property taxes + Indirect factory labor + Indirect raw materials + Factory repairs and maintenance charges + Factory manager salary , etc

As we know that the direct material purchased, direct labor cost are the inputs which are used to make the finished product that would be credited

Plus the finished goods cost is credited and the cost of goods sold is an expense which would be relevant at the time of selling the product

Therefore, at the time of reporting the total manufacturing cost to production, the work in process inventory account should be debited

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Windell Company uses flexible budgets. At normal capacity of 8,000 units, budgeted manufacturing overhead is: $64,000 variable a

Ksenya-84 [330]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Windell Company uses flexible budgets. At a normal capacity of 8,000 units, budgeted manufacturing overhead is $64,000 variable and $180,000 fixed. If Windell had actual overhead costs of $250,000 for 9,000 units produced.

First, we need to calculate the estimated manufactured overhead rate and the allocation moh:

Variable Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 64,000/8,000= 8

Allocated moh= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated moh= 8*9,000= 72,000

Over/under allocation= real MOH - allocated MOH

Over/under allocation= 250,000 - (72,000 + 180,000)= 2,000 favorable

6 0

3 years ago

poizon [28]

Solution:

Given :

Timber rights were purchased for = $1,600,000

The stand of the timber is = 5,000,000 board feet

Goodwill impaired by the company = $3,750,000

Timber cut and sold during current year = 1,100,000 board feet

Government legal cost = $6,600,000

Therefore the amount of amortization , depletion and the impairment of the current year for each foregoing item are :

Item Impairment, Amortization or the depletion

a). $ 352,000

b). $ 3,750,000

c). $ 412,500

2. Jornalizing the entries that required to record the depletion, amortization or the impairment of each of the items are :

a). The depletion expense = $ 352,000

Accumulated expense = $ 352,000

b). Loss from the impaired goodwill = $3,750,000

The goodwill = $3,750,000

c). Amortization expenses patent= $412500

Patent = $412500

4 0

3 years ago

An example of a stressor at the group level is

Marta_Voda [28]

An example of a stressor at the group level is an excessive job demands. The Option A is correct.

<h3>What is a stressor in group?</h3>

Also known as an interpersonal demands, means the pressures created by other employees. A group related stressors does include some factors like conflicts, poor communication, unpleasant relationship as well as fear of being ostracized from the group as a valued member.

While working with a superior, peers or subordinates with whom one does not get along can be a constant source of stress. Some people can effectively deal with conflicts and misunderstandings and resolve issues as they arise. Many, some find it difficult to do this and build internal stresses for themselves.

The lack of social support from colleagues and poor interpersonal relationships can cause considerable stress as, most especially among employees with a high social need. Sometimes, an individuals try to avoid these stresses by remaining absent as frequently as possible and even start looking for new jobs.