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
zhenek [66]
2 years ago
13

Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies m

anufacturing overhead cost to products on the basis of machine-hours. The predetermined overhead rate was based on a cost formula that estimates $592,000 of total manufacturing overhead for an estimated activity level of 74,000 machine-hours. During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year Machine-hours Manufacturing overhead cost Inventories at year-end: 67,000 $551,000 Raw materials Work in process (includes overhead applied of $37,520) Finished goods (includes overhead applied of $101,840) $ 13,000 $ 139,300 $ 378,100 s 1,472,600 Cost of goods sold (includes overhead applied of $396, 640) Required 1. Compute the underapplied or overapplied overhead. 2. Assume that the company closes any underapplied or overapplied overhead to Cost of Goods Sold. Prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 3. Assume that the company allocates any underapplied or over appliedoverhead proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the appropriate journal entry. (If no entry is required for a
Business
1 answer:
inessss [21]2 years ago
7 0
So uh what exactly do you need help with?
You might be interested in
Milani, inc., acquired 10 percent of seida corporation on january 1, 2017, for $190,000 and appropriately accounted for the inve
Readme [11.4K]
Llllllllllllllllllllllllllllll
7 0
3 years ago
Task 3: Budget for 25- to 30-year-old Business Professionals
Eddi Din [679]

Answer:

Sample Budget

Salary Income $2515

Rent expense -$900

Food and groceries -$250

Entertainment expense -$85

Shopping -$45

Birthday Party gift -$12

Transportation expense -$150

Home maintenance cost -$320

Tuition cost -$121

Net savings = $632

Explanation:

The mid aged person who is age of 25 to 30 will have different expenses. He will have to budget his monthly income and routine expenses to identify the savings. The sample budget will include different types of household expenses that a person incurs to live. He might have to budget one off expenses such as party cost, gifts etc. He will have to keep track of groceries and food expenses.

3 0
3 years ago
True or False: Market segmentation is the process of dividing the market into groups of customers based on their needs, wants, a
nalin [4]

Answer:

true

Explanation:

Market segmentation is the process of dividing prospective consumers into different groups depending on factors like demographics, behavior and various characteristics.

3 0
2 years ago
Which of the following best describes a project stakeholder
Brilliant_brown [7]
Project Stakeholders can be entities that have an interest in a given project. 
3 0
2 years ago
Paci Restaurants accepts credit and debit cards as forms of payment. Assume Paci had $14, 000 of credit and debit card sales on
vivado [14]

Answer:

1) assuming that the credit card company's payments are immediate (1 business day)

April 30,2015, net credit and debit card sales

Dr Cash 13,580

    Cr Sales revenue 13,580

2) assuming that the credit card company's payments are immediate (1 business day)

April 30,2015, gross credit and debit card sales

Dr Cash 13,580

Dr Credit card fees 420

    Cr Sales revenue 14,000

8 0
3 years ago
Other questions:
  • When goodyear increases its production when michelin reduces its​ production, goodyear is playing a
    14·2 answers
  • Alfred, a software programmer at Gamma Inc., develops a program that spreads Trojan viruses to the organization’s network. When
    6·1 answer
  • When Ronaldo bought his new flat-screen television, he was surprised at the cost differences between some of the models. When he
    6·1 answer
  • Which of the following would not result from all countries specializing according to the principle of comparative advantage? a.
    6·1 answer
  • Roca, Inc., manufactures and sells two products: Product M6 and Product X7. The company has an activity-based costing system wit
    5·1 answer
  • . [5 pts] A life-saving medicine without any close substitutes will tend to have a. a small elasticity of demand. b. a large ela
    10·1 answer
  • Lake House. Harry has two houses, a house on the lake and a house in town. Rebecca wants to buy the house on the lake. Harry and
    12·2 answers
  • Star co.had sale revenue £540000 in 2015
    8·1 answer
  • Ted is an agent for Waxwing Corporation, an airliner manufacturer, and is negotiating a sale with a representative of the U.S. g
    11·1 answer
  • In which one of the following instances is the rivalry among competing sellers generally
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!