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RUDIKE [14]
3 years ago
12

Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is b

ased on total estimated overhead costs of $280,000 and direct labor hours of 25,000. During the month of February 2019, Job 2-1 incurred direct labor of 450 hours. Use this information to prepare the end of the month application General Journal entry (without explanation) of factory overhead for Job 2-1 for the month. If no entry is required then write "No Entry Required."
Business
1 answer:
natta225 [31]3 years ago
6 0

Answer:

WIP 5,040

Factory Overhead 5,040

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

280,000/25,000 = 11.2 per labour hor

Job labour hors x rate = overhead applied

450 x 11.2 = 5,040

We will increase the work in process, because there is no information about the job being complete.

And we will use the factory overhead account to post the applied overhead

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Carlos is the person to see in the welding department if you are a new employee. While he is not a manager, he is the person tha
geniusboy [140]

Answer:

<u>Informal organisation</u>

Explanation:

Carlos is the person to see in the welding department if you are a new employee . While he is not a manager , he is the person that most others in the department look to for advice and assistance . Carlos is an important member of the firm's<em><u> informal organization</u></em> .

<em>Informal organisation is that in which communication takes place informally between members of the organisations.</em>

Informal organisation has both advantages as well as disadvantages .Let's discuss both .

Informal organisation allow a effective way of communication , it fulfills the social needs of the employees as they can communicate even there personal issues , informal organisation not only help in fulfilling personal objective but also helps in fulfilling the organisational objectives.

But through informal organisation the rumors spread very fast because the employee talks carelessly. Informal organisation also resist changes also.

8 0
3 years ago
A period of economic growth that follows the lowest point in a business cycle
BabaBlast [244]

Answer:

D. expansion

Explanation:

A business cycle is made up of six stages including: expansion, peak, recession, depression, trough, and recovery.

The trough is the lowest stage of the business cycle.

It is followed by recovery where the economy starts to turn around.

However the stage of economic growth after a trough is the expansion stage, where real gross domestic product (GDP) grows for more than 2 quarters.

This stage is characterised by rise in consumer confidence, employment, and the equity market.

5 0
3 years ago
Now, suppose that, rather than immediately lending out all excess reserves, banks begin holding some excess reserves due to unce
gizmo_the_mogwai [7]

Answer:

The increase in reserve will ultimately lead to an increase in the money supplied.

Explanation:

From the scenario under study, the bank is greeted with uncertain economic realities. To cope with this, the bank resolves that rather than lend out excess reserves, it should rather increase the percentage of deposits held as reserve from 10% to 25%. Thus, this leads to a multiplier effect. And the reserve ratio from the forgoing is 1 to 4. That is, 1/10 to 1/4. Meaning there's a reduction in multiplier effecf of 10 to 4. And looking critically, this is a reciprocal of the new reserve ratio of 1/4

When bank hold more reserve, the ripple effect is that the Fed would buy more bonds. To increase the money supply by $200, however, the Fed will need to get a bond of $50.

The implication of this is that the bank reserve will rise in same amount. But taking the multiplier effect into cognizance, a small multiplier will be occasioned in form:

$50 * 4= $200.

Effectively, we have increased the money supply by $200, owing to the multiplier effect.

7 0
4 years ago
Read 2 more answers
True or false: suppose that the hypothetical country of paddyland has a chronic scarcity of rice, its staple grain. this implies
ValentinkaMS [17]

If Paddyland was a true market economy with no government interaction, then a scarcity of rice would mean that the price of rice would go up until the level of supply and demand evened out.

3 0
3 years ago
Strategic alliances refer to a.Multinational firms that have as many different product variations, brand names, and advertising
pentagon [3]

Agreements between two or more independent firms to cooperate for the purpose of achieving common goals such as a competitive advantage or customer value.

Answer: Option D.

<u>Explanation:</u>

Strategic alliance is the alliance of two or more firms or companies with each other. This alliance has been formed by tow or more companies with each other in order to achieve common goals.

But this does not mean that these firms and companies will give up their independence in forming their alliance. The goals for forming this is to earn profits and get access to the market.

3 0
4 years ago
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