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Nonamiya [84]
3 years ago
12

Watson, Inc. applies overhead cost based on direct labor hours. In completing the 200 units in job #120, the company incurred $1

2,000 in direct materials and 500 direct labor hours at $18 per hour. The predetermined overhead rate is $6 per direct labor hour. What is the total cost of the units in job #120?
Business
1 answer:
andriy [413]3 years ago
3 0

Answer:

Total cost= $24,000

Explanation:

Giving the following information:

Watson, Inc. applies overhead costs based on direct labor hours. In completing the 200 units in job #120, the company incurred $12,000 in direct materials and 500 direct labor hours at $18 per hour. The predetermined overhead rate is $6 per direct labor hour.

Total cost= direct material + direct labor + manufacturing overhead

Total cost= 12,000 + 500*18 + 6*500= $24,000

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otato Company began the period with an accounts receivable balance of $2,693 and a balance in the allowance for doubtful account
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Answer:

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Explanation:

We can use a T-account for the Allowance for Doubtful Accounts to determine the balance:

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a. Accounts Receivable         $668     Beginning Balance   $494

 Ending Balance                     <u>$575</u>  b. Bad Debt Expense  <u>$749</u>

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The allowance for doubtful accounts is a contra account to the Accounts Receivable account.  Its purpose to provide some estimation of the uncollectibles as a way of managing the credit risk involved in trade sales.

7 0
3 years ago
Companies usually buy __________ assets. These include both tangible assets such as _______________ and intangible assets such a
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Answer:

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Real assets can be tangible or intangible assets.  They are also known as long-term or fixed assets, given their time horizon before they are fully consumed in production.  Real assets, which possess intrinsic value, can be distinguished from financial assets, which are based on contractual claims or securities, including stocks and debts. In any management role, decisions are made about capital budgeting or investment.  These also require financing decisions to fund the investments.

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Explanation:

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Answer:

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