Answer:
debit to Work in Process of $74,000.
Explanation:
When we record entry related to work in process, only directly related cost is charged against work in process.
As work in process is an inventory it is part of assets and assets are recorded with a debit balance.
For this, the work in process shall be debited.
In the given instance direct costs are: Direct labor = $74,000
Thus entry for recording work in process will debit work in process inventory with $74,000.
Answer:
C. $ 13.31 per machine hour.
Explanation:
Standard variable manufacturing overhead allocation rate is calculated by dividing the Budgeted overhead by the Budgeted level of activity on which the overhead is allocated. It is a rate at which the overhead is allocated to a product / project/ department.
First we need to calculate the standard variable manufacturing overhead allocation rate using machine hours.
Standard variable manufacturing overhead allocation rate = Budgeted overheads / budgeted Machine hours
Standard variable manufacturing overhead allocation rate = $5,325 / 400 machine hours
Standard variable manufacturing overhead allocation rate = $13.3125 per machine hour
Standard variable manufacturing overhead allocation rate = $13.31 per machine hour
Answer:
The answer is A) inter industry wage differentials
Explanation:
Although John and Mark hold equivalent secretarial jobs, their salaries are different due to that they work in different industries. The manufacturing firm might be benefiting increased effort and , lower turnover costs, a higher quality workforce, and improved worker morale and better group work norms.
Firms may find it
profitable to pay greater than competitive wages to unionized workers to prevent strikes and maintain industrial peace.
International Trade Administration provides <u>a means to help US business compete in the global marketplace.</u>
Explanation:
International Trade Association constitutes an agency under the US Dept of Commerce and was formed in 1980. It is tasked with promoting export of non-Agri services and goods to the outside market.
Other objectives of ITA include providing information to Americans to help them select markets, ensuring them access to international markets and protecting them from unfair competition from dumping and cheap imports.
ITA as a bureaucratic organisation consists of 3 sub-units. These include Industry & Analysis, Enforcement & Compliance and Global Markets
Answer:
<u><em>15.63%</em></u>
Explanation:
The answer is simply calculated by putting a simple formula in place.
The formula is, P = D/(r-g)
Hence, applying the formula, we have the following values,
P: 40 , D: 4.25 , g: 0.05 & r: ?
Step 1: 40 = 4.25/(r-0.05)
Step 2: r = (4.25/40)+0.05
Hence the cost of equity is = 15.63%
Thankyou.