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AnnZ [28]
3 years ago
10

During March, Pendergraph Corporation incurred $65,000 of actual Manufacturing Overhead costs. During the same period, the Manuf

acturing Overhead applied to Work in Process was $67,000. The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a:
Business
1 answer:
Usimov [2.4K]3 years ago
8 0

Answer:

debit to Manufacturing Overhead of $65,000

Explanation:

Manufacturing overhead cost are those that are shared to different processes that do not contribute directly to product being manufactured.

For example raw materials is a direct contributor to goods, while labour is a overhead cost that indirectly contributed to the good.

On the given scenario it is the actual amount incurred that will be debited to the books of the company.

So there will be a debit to Manufacturing Overhead of $65,000

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It is absolutely correct to state that the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.

<h3>What do you mean by information age?</h3>

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4 0
1 year ago
Last month, you lent a work colleague $5000 to cover some overdue bills. He agreed to pay you in 1 month with interest at 2% for
faust18 [17]

Answer:

There are at least 2 opportunity costs associated with of letting your colleague have another month:

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You could invest in one of these options, or divide your money and invest in both options, e.g. invest $2,000 in the oil company and $3,000 in the IT company. Each different investment proportion results in a different opportunity cost.

Explanation:

Opportunity costs are the benefits lost or extra costs associated to carrying out an investment or activity instead of another alternative. Sometimes you might have several opportunity costs for one investment, e.g. invest in the IT company which is risky, invest in corporate bonds which is less risky or invest in US securities which is a safe investment.

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_____-is the cost of the merchandise that the merchandiser has sold.
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It should be the price right?

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Ostrovityanka [42]

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sladkih [1.3K]

Answer:

The answer is: full disclosure principle

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