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ludmilkaskok [199]
2 years ago
13

Juanita corporation uses a job-order cost system and applies overhead on the basis of direct labor cost. At the end of October,

Juanita had one job still in process. The job cost sheet for this job contained the following information:
Direct materials...............................$480
Direct Labor....................................$150
Manufacturing overhead applied....$600
An additional $100 of labor was needed in November to complete this job. For this job, how much should Juanita have transferred to finished goods inventory in November when it was completed?
Business
1 answer:
Bingel [31]2 years ago
4 0

Answer:

$1,730

Explanation:

Currently, the job order contains the following costs:

  • Direct materials $480
  • Direct labor $150
  • Manufacturing overhead $600 (or $4 per $1 of direct labor)

Since the manufacturing process still requires $100 more of direct labor, it should also require $400 more of overhead costs. So the total cost of the job order will be:

($480 + $150 + $600) + ($100 + $400) = $1,730

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2 years ago
On October 1, 2014, Mann Company places a new asset into service. The cost of the asset is $80,000 with an estimated 5-year life
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Answer:

The correct answer is A.

Explanation:

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Answer:

d

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A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

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