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melisa1 [442]
3 years ago
15

A summary of the time tickets for the current month follows:

Business
1 answer:
11111nata11111 [884]3 years ago
6 0

Answer:

Journal Entries:

a)

General Journal

Description       Debit        Credit

Direct labor:

Job 100            $1,640

Job 101               1,360

Job 104             2,490

Job 108             2,870  

Job 111               1,750

Job 115              1,150

Job 117             7,780

Factory overhead:

Indirect labor  8,740

Factory labor costs              $27,780

To record the labor costs to jobs and indirect labor

   

Explanation:

Factory labor costs consist of direct labor costs which are attributed to the specific jobs and the indirect labor costs which cannot be traced to any particular job.  These are treated as factory overhead costs.

The journal entries recording the labor costs for each job, debit the indicated job title while crediting the factory labor costs.

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Answer:

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A manufacturer of a very labor-intensive product wishes to employ the 'experience curve' to predict the AVC associated with vari
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The average variable cost (AVC) decreases by 10% with each doubling of cumulative output:

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    3,000                                                  $10.13 per unit

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A firm has four different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the
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Answer:

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