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drek231 [11]
3 years ago
14

Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, th

e first month of operations: a. Materials purchased on account, $45,000. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $ 1,850 $2,500 302 3,150 7,220 303 2,200 5,350 304 1,800 2,400 305 4,230 6,225 306 1,770 2,900 For general factory use 1,200 5,000 c. Factory overhead costs incurred on account, $1,800. d. Depreciation of machinery and equipment, $2,500. e. The factory overhead rate is $30 per machine hour. Machine hours used: Job Machine Hours 301 30 302 60 303 41 304 63 305 70 306 36 Total 300 f. Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $8,500; Job 302, $16,150; Job 303, $13,400.
Business
1 answer:
dimulka [17.4K]3 years ago
8 0

Answer:

The solution is shown in the file attached below

Explanation:

Download docx
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Riverboat Adventures pays $170,000 plus $14,000 in closing costs to buy out a competitor. The real estate consists of land appra
damaskus [11]

Answer:

Total cost allocated to building = $66,240

Explanation:

Given:

Total amount pay = $170,000 + $14,000 = $184,000

Land appraised amount = $22,000

Building appraised amount = $79,200

Paddleboats appraised price = $118,800

Find:

Total cost allocated to building

Computation:

Total appraisal price = Land appraised amount + Building appraised amount  + Paddleboats appraised price

Total appraisal price = $22,000 + $79,200 + 118,800

Total appraisal price = $220,000

Total cost allocated to building = [Total amount pay / Total appraisal price]Building appraised amount

Total cost allocated to building = [184,000/220,000]79,200

Total cost allocated to building = $66,240

8 0
3 years ago
The beginning balance on the monthly bank statement for Aretha's checking account was $462.79, and the ending balance was $256.0
zhenek [66]
She had a reduction of funds which totaled 206.76.  A reduction is a debit a credit is when you add funds.  So, D is the answer for this one.
6 0
2 years ago
Read 2 more answers
What is an insurance premium?
Scilla [17]

Answer:

Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.

Explanation:

a

5 0
3 years ago
By which distribution system is more than 90 percent of u.s. coal shipped
Ludmilka [50]
The answer to this question is Railroads
This data was taken from statistics in 2009. As of 2009<span>, approximately 90% of non-</span>bulk cargo<span> worldwide is moved by containers stacked on transport ship due to the development of containers materials that create stronger space at relatively low price.</span>
6 0
3 years ago
Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6;
tresset_1 [31]

Answer:

Contribution per unit of scare resource (in hour) = $24 per hour

Explanation:

The question falls under the limiting factor analysis

<em>When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate it for production purpose in such a way that </em><em>it maximizes the contribution per unit of the scare resource.</em>

Therefore Santario Company should allocate the machine hours to maximize the contribution per unit of machine hour.

Contribution per unit of scare resource is determine as follows:

Contribution per unit of scare resource for Model K-3

Contribution per unit of Model K-3 = $6

Machine time per unit =  15 minutes

<em>Contribution per unit of scare resource in minutes</em>

=Contribution per unit/Machine time per unit

= 46/15 minutes

= $0.4 per minute

Contribution per unit of scare resource (in hour)

$0.4 per minutes× 60

= $24 per hour

7 0
3 years ago
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