Answer:
a. 105
b. For machining $130
For assembly $50
Explanation:
a. The computation of the company's current plant-wide overhead rate is shown below:-
Current plant-wide overhead rate = Total manufacturing overhead ÷ Total direct labor hours
= $1,050,000 ÷ 10,000
= 105
b. The computation of refined departmental overhead rates is shown below:-
Departmental overhead cost = Overhead cost of department ÷ Cost driver of department
For machining
= $650,000 ÷ 5,000
= $130
For Assembly
= $400,000 ÷ 8,000
= $50
I believe this would result to a debit to cash and a credit to common stock. This is because the transaction would result to an increase in cash (asset) and a decrease in stock (asset). A journal is a record used in accounting in which transactions are initially recorded in order of when they were undertaken.
If you earn a straight pay, you will be payed for each hour on the job.
marketing strategy I believe
Answer:
C) $9,000
Explanation:
Debits to the equity state represent additional expenses or losses that were not previously recorded.
- gain/loss = cash - carrying value of truck = $12,000 - $20,000 = -$8,000 or $8,000 loss
- additional repair costs = $1,000 (machinery repairs)
Total unrecorded losses and expenses = $8,000 + $1,000 = $9,000
