Can you take your written drivings test /permit test in any state even if u don't live in that state ?

Lane Company manufactures a single product that requires a great deal of hand labor. Overhead cost is applied on the basis of st

katrin2010 [14]

Answer:

$8 per direct labor hours and $2 per direct labor hours

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = Budgeted fixed manufacturing overhead ÷ planned activity level

= $480,000 ÷ 60,000 direct labor hours

= $8 per direct labor hours

And, the budgeted variable manufacturing overhead is $2 per direct labor hours

We simply divide the budgeted fixed manufacturing overhead by the planned activity level

6 0

3 years ago

Which of the following is not a good question to consider prior to buying a supplement?

poizon [28]

D. all of the above are good questions.

8 0

3 years ago

Zoey Bella Company has a payroll of $9,440 for a five-day workweek. Its employees are paid each Friday for the five-day workweek

Ratling [72]

Answer:

Dr Salaries expense $7,552

Cr Accrued salaries $7,552

Being entries to record salaries payable as at year end

Explanation:

When an expense is incurred but yet to be paid by an organization, the entries required are

Dr Expense (p/l)

Cr Accrued expense (B/s)

when payment is made

Dr Accrued expense (B/s)

Cr Cash account

Given that Zoey Bella Company has a payroll of $9,440 for a five-day workweek and the year ends on a Thursday. As such, the company as at 31 December has incurred salaries for 4 days. This has to be accrued for but first to calculate the amount

= 4/5 * $9,440

= $7,552

Hence adjusting entry required on December 31, assuming the year ends on a Thursday

Dr Salaries expense $7,552

Cr Accrued salaries $7,552

Being entries to record salaries payable as at year end

7 0

3 years ago

Which category of cost includes insurance and utilities

Nata [24]

Answer:

Administrative Cost

Explanation:

Administrative cost refers to the cost used in directing and controlling a firm, corporation or organisation. These cost includes salary and wages of employee, insurance, depreciation, postage, stationery, rent, etc.

It is sometimes refers to as general cost. It is used in the day to day running of the business, but not directly attributable to any production process. These cost can not be categorized as either financing or distribution cost. Hence, it falls under administrative cost.

8 0

3 years ago

A company purchases new equipment for $72,000 cash on August 1, 2018. At the time of purchase, the equipment is expected to be u

Likurg_2 [28]

Answer:

The adjusting entry for depreciation on December 31, 2018:

Debit Depreciation expense $7,500

Credit Accumulated depreciation $7,500

Explanation:

The company purchases new equipment on August 1, 2018. At the time of purchase, the equipment is expected to be used in operations 48 months. The company depreciates the equipment evenly over the 48 months ($1,500/month). From August 1, 2018 to December 31, 2018, the equipment is expected to be used for 5 months.

Depreciation expense for 2018 = $1,500 x 5 = $7,500

The adjusting entry for depreciation on December 31, 2018:

Debit Depreciation expense $7,500

Credit Accumulated depreciation $7,500

6 0

4 years ago