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
Mashutka [201]
3 years ago
10

Applying Factory Overhead Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor

hours are estimated to be 80,000.
a. For Bergan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ per direct labor hour

b. During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305. Determine the amount of factory overhead applied to Jobs 200 and 305 in May. $

c. Prepare the journal entry to apply factory overhead to both jobs in May according to the predetermined overhead rate.
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
6 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Applying Factory Overhead Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor hours are estimated to be 80,000.

A) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 620,000/80,000= $7.75 per direct labor hour

B) Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305.

Job 200:

Allocated overhead= 2,500*7.75= $19,375

Job 305:

Allocated overhead= 3,000*7.75= $23,250

C) Job 200                     19,375

   Job 305                      23,250

                         Allocated Overhead          42,625

You might be interested in
A person's debt ratio shows the relationship between debt and net worth. the lower the ratio the
SOVA2 [1]

<span>A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the better off the person is financially. </span>

When you are in good financial standing, if it necessary to have a low debt ratio. The debt ratio is how much debt to income or net worth someone has. When you have a low debt ratio you are often approved for larger loans and can sustain financial freedom more easily. 

4 0
3 years ago
Use the following data to determine the total amount of working capital from the Banner Auto Supplies Balance Sheet for December
Komok [63]

Answer:

b. 240,000

Explanation:

Calculation to determine the total amount of working capital

First step is to calculate the Current assets

Using this formula

Current assets = Cash + Accounts receivable + Inventory + Prepaid insurance

Let plug in the formula

Current assets= $70,000 + 100,000 + 140,000 + 80,000

Current assets= $390000

Second step is to calculate the Current liabilities using this formula

Current liabilities = Accounts payable + Salaries and wages payable

Let plug in the formula

Current liabilities= $130,000 + 20,000

Current liabilities= $75,000

Now let calculate the working capital using this formula

Working capital = Current assets - Current liabilities

Let plug in the formula

Working capital = $390,000 - 150,000

Working capital = $240,000

Therefore the Working capital is $240,000

4 0
3 years ago
True/False<br> The Marketing Cloud Connect API user is typically a shared user.
irina [24]

Answer:

The answer is True

Explanation:

Marketing cloud connected to an API is typically a process that makes pushing of marketing data to other department in sales easy.

Before we continue, let us define some terms:

API simply stand for Application Programming Interface

Marketing Cloud is a system that allows for the integration of digital marketing tools into a system such as google analytics, for the purpose of motoring client or customer interaction with a particular product or system.

Cloud: This is the process of using a form of server managed and hosted over the internet to manage and arrange data processing.

Going back to the question, since it is a cloud based system, it is typically a shared user system. so the answer is true.

6 0
3 years ago
What can be defined as an information technology environment?
alisha [4.7K]
C. The tools and processes that surround us to gather and interpret data can be defined as an information technology environment. 
Our environment is what surrounds us - so if the environment is technological, then different types of technologies and tools are what fall under that category.
6 0
3 years ago
Read 2 more answers
Which dimension of empowerment would most likely be experienced by people who feel they have some active control over the enviro
Sindrei [870]

Dimension of employee empowerment experienced by people who feel they have some active control over the environment is Feeling of impact.

The process of giving employees in an organization the power, authority, responsibility, resources, and freedom to make decisions and solve work-related problems is known as empowerment. They are given sufficient authority and resources to take such initiatives and decisions.

Employee empowerment encourages them to reach their full potential. On the other hand, empowerment entails relinquishing control over employees and allowing each employee to make decisions, set goals, achieve results, and receive rewards. It entails preparing a person to manage on his or her own. It is a process that assists the right people at the right levels in making the right decision for the right reasons.

Feeling of impact - Empowered employees see themselves as active participants in the organization and believe they have influence over key strategic, administrative, and operational decisions.

Learn more about Employee empowerment here:

brainly.com/question/24113378

#SPJ4

8 0
2 years ago
Other questions:
  • A process by which a government agency authorizes individuals to work in a given occupation after the person has completed an ap
    15·1 answer
  • On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,500. Jarden prepares a sche
    14·1 answer
  • About (a) A manager must select three coders from her group to write three different software projects. There are 7 junior and 3
    7·2 answers
  • Match the definition with the term.
    6·1 answer
  • Suppose selected comparative statement data for the giant bookseller Barnes &amp; Noble are presented here. All balance sheet da
    5·1 answer
  • When a periodic inventory system is used, a.only the reduction of inventory is recorded each time a sale is made. b.only the cos
    11·1 answer
  • On Mr. Casper’s debate team at Thunderbird High School, 20% of the members are Sophomores, 35% are Juniors and 45% are Seniors.
    12·1 answer
  • Sylvia works part-time at an office and also goes to school in the evenings. She is considering taking supplies for a class proj
    11·1 answer
  • G free ltd intends reducing the number of suppliers they use by 50% analyse how reducing the number of suppliers could imporve g
    13·1 answer
  • Which functional area in a retail store usually collects, stores, and processes data and information used in the checkout proces
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!