1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Mike is applying for a home loan and wants to buy a house worth $150,000 in a neighborhood close to his work. however, he only h
hichkok12 [17]

Pay PMI (private mortgage insurance) which is the amount the lender charges to protect their interests in case the borrower stops paying and defaults on the loan.

6 0
2 years ago
An organizationally-driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best.
VARVARA [1.3K]

Answer:

True

Explanation:

Outsourcing is when a company gives some of its internal activities to an external party that takes the responsibility to get things done and one of the reasons for a company to do this is to get rid of activities that have to get done but that are not part of their core operations to be able to concentrate on their main activity and get those things done by experts which can help increase productivity. According to that, the answer is that the statement is true.

6 0
2 years ago
How often should you typically monitor your checking account?
Elena-2011 [213]
<span>The correct answer is once a month. You should typically monitor your checking account one a month by balancing it. You can balance your account by adding all of your deposits to the beginning balance and subtracting all the subtotal's checks made.</span>
8 0
3 years ago
Markets are driven by self - interest.<br><br> A. True<br><br> C. False
timurjin [86]
C. false is the answer
6 0
2 years ago
When you want to save time recording progress and don't mind slightly less accuracy, which progress reporting approach would you
Nesterboy [21]

<em>The complete question reads;</em>

When you want to save time recording progress and don't mind slightly less accuracy, which progress reporting approach would you choose?

a. tracking work and remaining work at the task level

b. tracking % complete at the task level

c. tracking work at the assignment level

d. tracking % complete at the assignment level

Answer:

<u>d. tracking % complete at the assignment level</u>

Explanation:

Remember, tracking the percent of completion of the assignment level would be indicating an overview of the entire assignment which may be slightly less accurate compared to the other listed options.

Thus, to save time recording progress this is the best viable option.

5 0
3 years ago
Other questions:
  • Selma Inc. reported the following results from last year’s operations: Sales $ 13,800,000 Variable expenses 9,950,000 Contributi
    11·1 answer
  • Khaling Company sold 26,850 units last year at $15.80 each. Variable cost was $11.70, and total fixed cost was $116,440. Require
    13·1 answer
  • Refer to exhibit 4-5. if a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. t
    5·1 answer
  • Is it ethical to be a billionaire?
    11·1 answer
  • Which statement best describes how the International Ethics Standards Board for Accountants' (IESBA) Code impacts the U.S. accou
    11·1 answer
  • One reason buy a home instead of rent a home is
    8·1 answer
  • What is a promotional activity for a film? A.constructing a huge set
    8·1 answer
  • Why is it better to underestimate your income instead of overestimating when creating a budget?
    15·1 answer
  • On January 1, 2020, Swifty Corporation established a stock appreciation rights plan for its executives. It entitled them to rece
    8·1 answer
  • A_____represents a long-term debt obligation issued by a corporation or a government.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!