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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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The following information was collected for the first year of manufacturing for Appliance Apps: Direct Materials per Unit $2.50

lara31 [8.8K]

Answer:

Results are below.

Explanation:

First, we need to calculate the total unitary variable cost:

Total unitary variable cost=2.5 + 1.5 + 0.25 + 1.5

Total unitary variable cost= $5.75

Now, the variable costing income statement:

Sales= 33,000*12= 396,000

Total variable cost= (33,000*5.75)= (189,750)

Total contribution margin= 206,250

Fixed Manufacturing Expenses= (117,000)

Fixed Selling and Administration Expenses= (21,000)

Net operating income= 68,250

4 0

3 years ago

What is the net present value of a project with the following cash flows if the required rate of return is 9 percent?

inna [77]

Year Cash Flow
0 -$46,400
1 18,000
2 33,530
3 4,600

NPV = -$46,400 + $18,000 / (1 + 0.09) + $33,530 / (1 + 0.09)2 + $4,600 / (1 + 0.09)3 =

-$1,574.41

7 0

3 years ago

Exercise 8-5 The ledger of Costello Company at the end of the current year shows Accounts Receivable $110,000; Sales Revenue $84

Nina [5.8K]

Answer:

Journal entries are shown below:

Explanation:

The journal entries are as follows

a. Bad debt expense $1,400

To Account receivable $1,400

(Being the bad debt expense is recorded)

b. Bad debt expense $8,900

To Allowance for doubtful accounts $8,900

(Being the bad debt expense is recorded)

The computation is shown below:

= $110,000 × 10% - $2,100

= $11,000 - $2,100

= $8,900

c. Bad debt expense $6,800

To Allowance for doubtful accounts $6,800

(Being the bad debt expense is recorded)

The computation is shown below:

= $110,000 × 6% + $200

= $6,600 + $200

= $6,800

4 0

3 years ago

In the 1970s japan developed new technologies and achieved high productivity that resulted in

matrenka [14]

New innovation and technology resulted into new business and made Japan a developed countryI believe the closest possible answer to this question is that Japan's prolific inventions were an advantage to the country, in that, they were able to produce business and generate a more efficient system through science and technology.

Thank you for your question. Please don't hesitate to ask in Brainly your queries

8 0

3 years ago

Read 2 more answers

Catamount Inc. employs one worker to load packages on an outgoing truck. The work shift is an 8 hour day. Trucks arrive at the l

DerKrebs [107]

Answer and Explanation:

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

a).Work shift per day = 8 hours

Average of arriving trucks = 40

Loading time of workers = 8 min.

Earning of truck drivers = $20

Earning of workers = $18

If the truck drivers are engaged for one station, the cost may be focused on truck drivers in the system at a certain point. But if it's not, then the cost in the line must be dependent on truck drivers, since that's the best approximation of scope.

b). Hourly Cost for this System =Truck Driver Cost × No. of Trucks in an Hour + Worker Hourly Cost

= $20 × (60 ÷ 8) + $18

= $20 × 7.5+ $18

= $168

c). If they add additional dock. Then Their Total Cost in an hours

= $168 ×2

= $336 (because both worker take similar time so simultaneously 2 truck can be loaded)

If the cost doubles, the average no. of trucks service doubled too along with the ability of company to send out delivered trucks. So option 2 is better.

3 0

3 years ago