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nignag [31]
3 years ago
10

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,800 of dir

ect materials and used $3,300 of direct labor. The job was not finished by the end of the month, but needed an additional $2,300 of direct materials and additional direct labor of $5,100 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B? Multiple Choice $7,400 $11,700 $4,100 $8,400
Business
1 answer:
-Dominant- [34]3 years ago
5 0

Answer:

$11,700

Explanation:

The computation of the balance in the work in process at the end of the month is shown below:

= Direct material cost + direct labor cost + manufacturing overhead cost percentage of direct labor cost

= $1,800 + $3,300 + $3,300 × 200%

= $1,800 + $3,300 + $6,600

= $11,700

We simply added the direct material cost, direct labor cost and the manufacturing overhead cost so that the ending balance could arrive

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3 years ago
The narrator spends his days...
bekas [8.4K]

Answer:on edge

Explanation:

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3 years ago
Same information as the previous question Company A started business on January 1, 20X1, and bought the following piece of equip
expeople1 [14]

Answer:

$12,600

Explanation:

Excess tax depreciation 20X1 = 100,000 - 40,000

Excess tax depreciation 20X1 = $60,000

Tax rate = 21%

Ending balance of deferred taxes payable = Excess tax depreciation 20X1 * Tax rate

Ending balance of deferred taxes payable = $60,000*21%

Ending balance of deferred taxes payable = $12,600

So, the ending balance of deferred taxes payable as of December 31, 20X1 is $12,600.

8 0
3 years ago
During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and selling expenses, and deprecia
ycow [4]

Answer:

a. -$210,000

b. $455,000

Explanation:

a. Company's net income

Sales. 2,275,000

Less:

Cost of goods sold

1,285,000

Administrative and selling expenses

535,000

Depreciation expense

420,000

EBIT

35,000

Less interest

245,000

Taxable income

-$210,000

Taxes 21%

Nil

Net income

-$210,000

b. The operating cash flow for the year

OCF = EBIT + depreciation - taxes

OCF = 35,000 + 420,000 - 0

OCF = $455,000

c. Net income was negative due to the deductibility of interest expense and depreciation.

The actual operating cash flow was positive due to the fact that depreciation is a non cash expense, and also interest is a financing and not an operating expense.

5 0
3 years ago
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qaws [65]

Answer:

d. Shopping

Explanation:

Based on the scenario being described within the question it can be said that this flight is an example of a shopping product. This term refers to a product that consumers purchase very rarely, and because of this choose to compare prices between all the available options in the market because they do not know what a regular price range actually is for that product.

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3 years ago
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