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Delvig [45]
3 years ago
14

Here is some basic data for Bella​ Company: Cost of materials purchases on account $ 81 comma 000 Cost of materials requisitione

d​ (includes $ 2 comma 900 of​ indirect) $ 55 comma 000 Direct labor costs incurred $ 95 comma 300 Manufacturing overhead costs​ incurred, including indirect materials $ 93 comma 500 Cost of goods completed $ 252 comma 200 Cost of goods sold $ 137 comma 600 Beginning raw materials inventory $ 19 comma 900 Beginning work in process inventory $ 34 comma 600 Beginning finished goods inventory $ 36 comma 000 Predetermined manufacturing overhead rate​ (as % of direct labor​ cost) 115​% The journal entry to record the allocation of manufacturing overhead involves a debit to work in process inventory of A. $ 75 comma 400. B. $ 63 comma 250.
Business
1 answer:
Nikolay [14]3 years ago
3 0

Answer:ompany: Cost of materials purchases on account $ 81 comma 000 Cost of materials requisitioned​ (includes $ 2 comma 900 of​ indirect) $ 55 comma 000 Direct labor costs incurred $ 95 comma 300 Manufacturing overhead costs​ incurred, including indirect materials $ 93 comma 500 Cost of goods completed $ 252 comma 200 Cost of goods sold $ 137 comma 600 Beginning raw materials inventory $ 19 comma 900 Beginning work in process inventory $ 34 comma 600 Beginning finished goods inventory $ 36 comma 000 Predetermined manufacturing overhead rate​ (as % of direct labor​ cost) 115​% The journal entry to record the allocation of manufacturing overhead involves a debit to work in process inventory of A. $ 75 comma 400. B. $ 63 comma 250.

Explanation:ts​ incurred, including indirect materials $ 93 comma 500 Cost of goods completed $ 252 comma 200 Cost of goods sold $ 137 comma 600 Beginning raw materials inventory $ 19 comma 900 Beginning work in process inventory $ 34 comma 600 Beginning finished goods inventory $ 36 comma 000 Predetermined manufacturing overhead rate​ (as % of direct labor​ cost) 115​% The journal entry to record the allocation of manufacturing overhead involves a debit to work in process inventory of A. $ 75 comma 400. B. $ 63 comma 250.

Hold on, our servers are swamped. Wait for your answer to fully load.

Answer:ompany: Cost of materials purchases on account $ 81 comma 000 Cost of materials requisitioned​ (includes $ 2 comma 900 of​ indirect) $ 55 comma 000 Direct labor costs incurred $ 95 comma 300 Manufacturing overhead costs​ incurred, including indirect materials $ 93 comma 500 Cost of goods completed $ 252 comma 200 Cost of goods sold $ 137 comma 600 Beginning raw materials inventory $ 19 comma 900 Beginning work in process inventory $ 34 comma 600 Beginning finished goods inventory $ 36 comma 000 Predetermined manufacturing overhead rate​ (as % of direct labor​ cost) 115​% The journal entry to record the allocation of manufacturing overhead involves a debit to work in process inventory of A. $ 75 comma 400. B. $ 63 comma 250.

 

Explanation:

 f manufacturing overhead involves a debit to work in process inventory of A. $ 75 comma 400. B. $ 63 comma 250.

Hold on, our servers are swamped. Wait for your answer to fully load.

 $ 252 comma 200 Cost of goods sold $ 137 comma 600 Beginning raw materials inventory $ 19 comma 900 Beginning work in process inventory $ 34 comma 600 Beginning finished goods inventory $ 36 comma 000 Predetermined manufacturing overhead rate​ (as % of direct labor​ cost) 115​% The journal entry to record the allocation of manufacturing overhead involves a debit to work in process inventory of A. $ 75 comma 400. B. $ 63 comma

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A(n) _____ organization is characterized by a relatively low degree of job specialization, loose departmentalization, few levels
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Answer:

organic

Explanation:

Based on the information provided within the question it can be said that the type of organization that is being described is called an organic organization. This is a type of organization that is extremely flexible, thus allowing it to easily adapt to changes in it's environment. Such aspects as the ones described in the question allow an organization to become flexible.

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3 years ago
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A holder of Rainbow Funds convertible bonds with a $1,000 par and a $1,100 price can convert the bond to 25 shares of common sto
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22.22%

Explanation:

Currently Rainbow's stocks are priced at $36 per stock.

If the holder can convert his $1,100 bond into 25 stocks, that means that each stock should be worth at least $44 (= $1,100 / 25).

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3 years ago
Jack Weston, the CEO of Evans, Inc., along with Evans’ CEO, Jason Stiller, used non-GAAP numbers to develop the earnings stateme
Zanzabum

Answer:

d. ​Under Dodd-Frank, Jack and Jason will be required to pay back the extra compensation they received as a result of the falsified earnings.

Explanation:

Generally Accepted Accounting Principles (GAAP) earnings refers to standards that are commonly accepted and used financial reporting by publicly traded companies.

On the other hand, non-GAAP earnings refers ton an alternative accounting method employed by companies to measure the earnings especially by excluding one-time transactions like  an organizational restructuring.

A non-GAAP method adjusts similar GAAP measure which are reported on the audited financial statements such as earnings before interest, taxes, depreciation and amortization (EBITDA) but it not backed by law.

Because non-GAAP measure is not backed by law, it can produce a misleading report when items that have impact on GAAP earnings are excluded.

As a result of non-GAAP method, many companies were affected during the Great Recession in the US leading to the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act (shortened to Dodd-Frank). the major aim of Dodd-Frank was to change federal financial regulatory agencies and almost all parts of the financial services industry of the US. One of the provisions of the Dodd-Frank is to require to pay back any compensation got through falsification of document.

Given the above, Jack and Jason will be required to pay back the extra compensation they received as a result of the falsified earnings under Dodd-Frank.

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3 years ago
On November 1, 2019, a firm accepted a 5-month, 10 percent note for $1,080 from a customer with an overdue balance. The accrued
stiks02 [169]

Answer: $18

Explanation:

From the question, we are informed that On November 1, 2019, a firm accepted a 5-month, 10 percent note for $1,080 from a customer with an overdue balance.

The accrued interest recorded for this note for the year ended December 31, 2019 goes thus:

The value of notes receivable is $1080, then the interest for 5 months will be:

= ($1080 × 10% ×5)/100 × 12

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We are further told that the interest accrued from November 1, 2019 to December 31, 2019. This means that it was for 2 months. The accrued interest will now be:

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The importance of national income statistics to the government of Ghana
Zarrin [17]

Answer:

Explanation:

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2. For economic policies and planning: The national income statistics is vital for economic policy formulation and planning

3. It gives pattern of expenditures of households: The national income data give an idea of the pattern of expenditure of households

4. Comparison purposes: The per capita income which is obtained from the national income estimate is used to compare the standard of living of Ghana with other countries.

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