Answer:
$56,500
Explanation:
Manufacturing overhead refers to indirect factory-related costs incurred when a product is manufactured.
To calculate the balance in the Manufacturing Overhead account, we will add the beginning balance to the indirect materials to production and indirect factory labor cost.
June 2: Issued $500 of indirect materials to production.
June 13: Incurred $15,000 of indirect factory labor cost.
= $41,000 + $500 + $15,000
= $56,500
The balance in the Manufacturing Overhead account following these transactions will be $56,500.
Answer:
Net assets of smith family = $167,000
Explanation:
Given:
Net worth of smith family = $100,000
Net liabilities of smith family = $67,000
Find:
Net assets of smith family
Computation:
Net assets = Net worth + Net liabilities
Net assets of smith family = Net worth of smith family + Net liabilities of smith family
Net assets of smith family = $100,000 + $67,000
Net assets of smith family = $167,000
The brainliest answer is "the best answer". The person asking the question has to give the brainliest answer someone that answered. It's good because it gives you extra points to level up.
Answer:
Option B
Cost of goods reported =$ 125,000
Explanation:
<em>Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level.
</em>
As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.
<em>The under applied overhead implies that the applied overhead is less than the actual overhead. </em>
This implies that the cost of the goods are under valued. Hence, to accurately valued them, the under applied overhead would be added to the cost of the goods.
Cost of goods reported = cost of goods + under applied overhead
= 120,000 + 5,000 = 125,000
Cost of goods reported =$ 125,000
