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3 years ago

LO 4.7In a job order cost system, indirect labor incurred is debited to which account?

Business

1 answer:

anyanavicka [17]3 years ago

5 0

Answer:

manufacturing overhead

Explanation:

Since the manufacturing overhead comprises of all the indirect cost related to the factory like - depreciation on factory equipment, property taxes, indirect labor, indirect material, manager salary who worked for factory, etc

Since indirect labor has come under the manufacturing overhead so, the same is debited to manufacturing overhead as indirect labor is incurred

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Item1 1 points eBookPrintReferences Check my work Check My Work button is now enabledItem 1Item 1 1 points Assume the perpetual

artcher [175]

Answer:

$11,510

Explanation:

Calculation for the gross margin amount from the four transactions

First is to find the Cost of goods sold

Cost of goods sold = ($13,900 - $3,400) × (100%-2%)

Cost of goods sold=$10,500*0.98

Cost of goods sold=$10,290

Last step is to find the gross margin amount using this formula

Gross margin amount=Sales revenue - Cost of goods sold

Let plug in the formula

Gross margin amount=$21,800-$10,290

Gross margin amount=$11,510

Therefore the gross margin amount from the four transactions will be $11,510

3 0

3 years ago

A firm has a return on equity of 20 percent. The total asset turnover is 2.8 and the profit margin is 7 percent. The total equit

kondor19780726 [428]

The net income of the firm is $1,200

<h3>What is net income?</h3>

Net income refers to the amount an individual or business makes after deducting costs, allowances and taxes.

Net profit is also amount of money a business earns after deducting all operating, interest, and tax expenses over a given period of time.

First, we know that:

Return on equity

= Net income / Total equity

Fixing the given values, we'll have

20% = Net income / $6,000

Net income = $6,000 * 20%

Net income = $1,200

Therefore, net income of the firm is $1,200

Learn more about computation of net income here: brainly.com/question/24836146

4 0

2 years ago

Dombey's "heavy gold watch chain" and "trim blue coat" suggest that A) he is a humble man of the people. B) he once belonged to

Katena32 [7]

The answer would be D. Think of his nice clothing and gold. This shows that this person has a lot of money, showing success.

4 0

3 years ago

Read 2 more answers

Suppose you found out that the Japanese are on the verge of introducing their own mayonnaise substitute next month. Sam does not

fiasKO [112]

Answer: A. You would raise your policy premium substantially and Sam would not accept because he doesn't know about the Japanese.

Explanation:

In such a scenario as the one described above, the best option as an Insurance Agent is indeed to raise premiums substantially.

As the Japanese will most probably get to market first with the new Mayonnaise Substitute, they will have the rights to it's invention and could even patent it.

This means that Sam and SCAM will most likely suffer a loss as a result of this.

As there is such a high chance of loss, charging a substantially higher premium to enable coverage is only logical and makes business sense.

Sam does not know however that the Japanese are so far ahead and having rejected a substantially lower offer, will reject the newer, substantially higher one as well.

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2 years ago

The first step in setting goal is

dezoksy [38]

Knowing your plan of attack

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2 years ago