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zhenek [66]
3 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]3 years ago
7 0
So uh what exactly do you need help with?
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Sergio gets a haircut from Amelia and writes a check to pay for it. In this transaction, the drawee is: a. the bank on which the
Verizon [17]

Answer: the bank on which the check is drawn because it must pay the check. (A)

Explanation:

A Drawee is a banking and legal term that is used to describe the party which has been directed by the depositor to pay a certain amount of money to the person who is presenting the draft or check or draft.

A typical example is if when someone is cashing a paycheck. The drawer is the bank that cashes the person's check, the drawer is the employer or person who wrote the check, and the person cashing the check is the payee.

7 0
3 years ago
Dublin Inc. had the following common stock record during the current calendar year: Outstanding-beginning of year 2,600,000 Addi
larisa86 [58]

Answer:

The correct answer is 3,175,300.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the number of shares by using following formula:

Number of shares = [ Outstanding + ( Additional share × Months) + ( Additional share × Months)] × 1+Dividend

By putting the value, we get

= [2,600,000 + (280,000 × 6/12) + (280,000 × 3/12)] × 1.13

= [ 2,600,000 + 140,000 + 70,000 ] × 1.13

= 3,175,300

4 0
3 years ago
how do you know a selection device is valid? what are the possible consequences of using invalid selection methods? how can an o
solniwko [45]

Poor quality and unsuitable candidates will frequently be hired as a result of an ineffective staff selection process. If it is unreliable, it will make the<u> negative effects</u> worse and ultimately kill the organization.

<h3>Define the term invalid selection methods?</h3>

Validity is a gauge of how effective a particular strategy is. A selection procedure is legitimate if it increases your chances of selecting the best candidate for the position.

  • It is feasible to evaluate recruiting choices based on desired results like a quick pick-up time, low attendance, or a solid safety record.
  • Finding a new hire who is most fit for the position at hand is the process of employee selection, sometimes referred to as applicant selection.
  • The steps in the hiring process are determined by the position for which you are hiring, your budget for recruiting, the seniority of the post, the resources at your disposal, and your organizational requirements.

However, the majority of organization have a secret goal in mind when hiring new personnel. These qualities might not be present in these selecting processes.

To know more about the selection methods, here

brainly.com/question/28505203

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3 0
1 year ago
If i went through my employee files to determine what type of person makes the best employee, i would probably be conducting:
weeeeeb [17]
The best person on the files
8 0
3 years ago
Complete the following table by selecting the term that matches each definition.
NeTakaya

Answer:

See as below

Explanation:

1. A graphical object showing the relationship between the price of a good and the amount that sellers are willing and able to supply at various prices.

Supply curve: <em>The supply curve is upward sloping. It originates from the bottom left corners and rises as prices increase.</em>

<em> </em>

2. The claim that other things being equal, the quantity supplied of good increases when the price of that good rises.

Law of supply:<em> The law of supply asserts that there is a positive or direct relationship between price and quantity supplied. Firms are willing to supply more at higher prices to make more profits.</em>

3. The amount of a good that sellers are willing and able to supply at a given price.

Quantity supplied:<em> </em><em>Quantity supplied denotes a numerical value that firms are willing to sell at the given price. A high selling is a motivation for producers to supply more. </em>

4. A table showing the relationship between the price of a good and the amount of it that sellers are willing and able to supply at various prices. supply schedule

Supply schedule: <em>A supply schedule shows the quantities that producers are willing to sell at different prices in a period. It illustrates how the price affects the quantities supplies are willing to sell.</em>

7 0
3 years ago
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