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Crank
3 years ago
13

Iglesias, Inc. completed Job 12 on November 30. The details of Job 12 are given​ below: Direct labor cost $ 840 Direct materials

cost $ 1 comma 300 Machine hours 8 hours Direct labor hours 22 hours Predetermined overhead allocation rate $ 90 per machine hour What is the total cost of Job​ 12? A. $ 1 comma 560 B. $ 2 comma 020 C. $ 2 comma 140 D. $ 2 comma 860
Business
1 answer:
Slav-nsk [51]3 years ago
5 0

Answer:

D. $ 2 comma 860

Explanation:

The total cost for the job consist of the direct cost and the indirect  or over head cost incurred in the production process. The overhead is usually a function of direct labour or machine hours.

Given;

Direct labor cost = $ 840

Direct materials cost = $1300

Machine hours = 8 hours

Direct labor hours = 22 hours

Predetermined overhead allocation rate  = $ 90 per machine hour

Therefore,

Overhead cost = $90 × 8 = $720

Total cost = $840 + $1300 + $720

= $2860

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In a perpetual average cost system: a. The average is determined by dividing the total number of units sold by the cost of units
Sedaia [141]

In a perpetual average cost system a new weighted-average unit cost is calculated each time additional units are purchased.

Option B is correct

Explanation:

"Average" represents the mean expense of production items from the sale time below the perpetual method. This marginal cost is compounded by the numbers of distribution units, deducted from the stock in the possession and debited to the Expense of Items Sold balance.

Divide the prices of goods available on the market by the amount of available on the market to be using the median weighted practice, which results in the total average cost of units. The cost of the product available on the market is the amount of the original production and net sales in this estimate.

8 0
3 years ago
In 2008 approximately what percent of the world's population lived in Asia? PROVIDE/EXPLANATION PROOF FOR YOUR ANSWER. INCOMPLET
azamat

Answer:

We can infer from the graph, that about two thirds (around 60%) of the world's population lived in Asia in 2008.

Asia is by far the most populated continent in the world. The two most populous countries of the globe are located in Asia: India, and China, each with over 1 billion people.

6 0
3 years ago
I need help with this question
Vikentia [17]

Answer:

obstacles - provide a challenge

4 0
2 years ago
Suppose the price of tomatoes falls, ceteris paribus. Describe the impact the substitution effect and the real income effect wou
mamaluj [8]

Answer:

Ceteris paribus assumption: Demand curves relate the prices and quantities demanded assuming no other factors change

Explanation:

Ceteris paribus is a  Latin phrase meaning “other things being equal”. If all else is not held equal, then the laws of supply and demand will not necessarily hold.

Demand is the amount of some product a consumer is willing and able to purchase at each price.

IMPACT THE SUBSTITUTION EFFECT AND THE REAL INCOME

A substitute is a good or service that can be used in place of another good or service. A lower price for a substitute decreases demand for the other product and increases the quantity demanded for tomatoes

A change in the price of a good or service causes a movement along a specific demand curve, and it typically leads to some change in the quantity demanded, but it does not shift the demand curve.

3 0
3 years ago
At the beginning of November, Watson Industries has a cash balance of $3,461,000. They have expected cash receipts of $712,000 a
Ahat [919]

Answer:

$224,000

Explanation:

The computation of the borrowed cash amount is shown below:

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Simply we add the expected cash receipts and less the expected cash disbursements and minimum monthly balance to the cash balance so that accurate value can come.

4 0
3 years ago
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