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Schach [20]
3 years ago
6

During May, Keenan Company accumulated 570 hours of direct labor costs on Job 200 and 610 hours on Job 305. The total direct lab

or was incurred at a rate of $20 per direct labor hour for Job 200 and $23 per direct labor hour for Job 305. Journalize the entry to record the flow of labor costs into production during May.
Business
1 answer:
sashaice [31]3 years ago
7 0

Answer:

Dr work-in process $ 25,430.00  

Cr wages payable                            $ 25,430.00  

Explanation:

The total labor cost on jobs is the total hours spent on each job multiplied by direct labor cost per hour as shown thus:

Job 200=570*$20=$11,400.00  

Job 305=610*$23=$14,030.00  

Total direct labor cost on both jobs=$11,400.00  +$14,030.00 =$ 25,430.00  

The journal entries in respect of labor cost of  $25,430.00  is to debit work-in process and again a credit goes to wages payable

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Answer:

Total unitary cost= $4,800

Explanation:

Giving the following information:

Actual units= 800

Total fixed costs= 1,000*800= 800,000

UNitary variable cost= $4,000

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<u>On unitary bases, variable costs remain constant. On the contrary, fixed costs vary at a unitary level. Now, the same amount of costs is divided by a larger number of units.</u>

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Unitary fixed overhead= 800,000/1,000= $800

Total unitary cost= 4,000  + 800= $4,800

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Answer:

  • yes
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Explanation:

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5 0
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Zokro, a nongovernmental not-for-profit organization, uses the indirect method to prepare its statement of cash flows. In determ
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Answer:

C. Depreciation

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6 0
3 years ago
Team building is considered part of which stage of team development
faltersainse [42]
Let's see there's forming, storming, norming and performing. I would use teambuilding during forming to limit the amount of storming in the next stage.
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Helmway company purchased equipment and these costs were incurred: cash price $21,500 sales taxes $1,800 insurance during transi
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