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lawyer [7]
3 years ago
10

Mary's Landscaping uses a job order cost system. The following debits (credits) appeared in Work-in-Process Inventory for August

: DescriptionAmount August 1Balance$12,500 For the monthDirect materials 81,000 For the monthDirect labor 54,000 For the monthFactory overhead 43,200 For the monthTo finished goods (162,000) Mary's applies overhead to production at a predetermined rate of 80 percent based on direct labor cost. Job 3318, which was started during August and is the only job still in process at the end of August, has been charged direct labor of $3,375. Required: What cost amount of direct materials was charged to Job 3318
Business
1 answer:
RoseWind [281]3 years ago
5 0

Answer:

Direct material charged to Job 3318 = $22,625

Explanation:

First of all, add all the cost incurred to date which is $190,700 (Opening WIP $12,500+Direct material $81,000 +Direct labour $54000 +Factory Overhead $43,200). Then deduct the cost of finished goods in order to determine the total cost of Job 3318 as this is the only job which is not finished yet i.e in process.

Therefore, the total cost of job 3318 = $190,700 - $162,000 (Finished goods cost)

Total cost of job 3318 = $28,700

Now we know the direct labour cost of this job which is $3,375 and we also know that overhead cost is 80% of direct labour cost which would be  $2,700 ($3,375*80%). So, direct material cost will be $22,625 ($28700- $3,375 - $2,700).

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The annual commissions per salesperson employed by a manufacturer of light machinery averaged $40,000 with a standard deviation
makvit [3.9K]

Answer:

60.06%

Explanation:

For each of the amounts first of all we get the z values.

For $32,000 z= (Amount - Mean)/Standard deviation

z= (32,000- 40,000)/5,000= -1.6

For $42,000, z= (42,000- 40,000)/5,000

z= 0.4

Using probability tables to find the proportion of commission between 0.4 and -1.6, we will need to add 0.4452 and 0.1554.

This gives 0.6006= 60.06%

So the salesperson earns 60.06% commission between $32,000 and $42,000.

6 0
3 years ago
You are provided the following information:
Mama L [17]

Answer:

Total period costs= $12,500

Explanation:

iving the following information:

Salaries for assembly workers $32,000

Cost of materials $1,400

Lubricants for machines $680

Accountant’s salary $4,600

Factory supervisor’s salary $4,700

Sales commissions $3,200

Period costs are not directly tied to the production process.

Period costs:

Accountant’s salary $4,600

Factory supervisor’s salary $4,700

Sales commissions $3,200

Total period costs= 12,500

8 0
3 years ago
2. List at least 4 examples in which your credit score may be used?
maks197457 [2]

Answer:

bank companies

credit card companies

loans

lenders

8 0
3 years ago
Since public relations communications are typically perceived as _____, they are not subject to the problems of clutter that are
denis23 [38]

Answer:

news items

Explanation:

Public relations refers to the communication that the company's have with the public through media outlets, which is why they are perceived as news items. This being the case, the public sees this news item and pays attention to this alone, as opposed to other promotional communication methods such as newspapers and articles where various information is cluttered together making it difficult to focus on one thing alone.

7 0
3 years ago
A tip of $10 is best for which kind of service?
Illusion [34]

Answer:

The answer is B

Explanation:

4 0
4 years ago
Read 2 more answers
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