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Wewaii [24]
3 years ago
15

For Waterway Industries, the predetermined overhead rate is 70% of direct labor cost. During the month, $400000 of factory labor

costs are incurred of which $140000 is indirect labor. Actual overhead incurred was $230000. The amount of overhead debited to Work in Process Inventory should be:
Business
1 answer:
SVEN [57.7K]3 years ago
8 0

Answer:

$182,000

Explanation:

Given that,

Factory labor costs = $400,000

Indirect labor = $140,000

Predetermined overhead rate = 70% of direct labor cost

Actual overhead incurred = $230,000

Amount of overhead debited to Work in Process Inventory:

= (Factory labor costs - Indirect labor) × Overhead rate

= ($400,000 - $140,000) × 70%

= $260,000 × 70%

= $182,000

Therefore, the amount of overhead debited to Work in Process Inventory should be $182,000.

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Answer:

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Explanation:

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Answer:

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4 0
3 years ago
Blissful Blankets' target profit is $520,000. Each blanket has a contribution margin of $21. Fixed costs are $320,000. The numbe
zysi [14]

It can be deduced that the number of blankets that must be sold in order for the company to achieve the target profit is 40000.

<h3>How to calculate the target profit</h3>

From the information, Blissful Blankets' target profit is $520,000 and each blanket has a contribution margin of $21. Fixed costs are $320,000.

Therefore, the number of blankets that must be sold to achieve the target profit will be:

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Learn more about profit on:

brainly.com/question/1078746

5 0
2 years ago
"?________ the owners of the factors of? production, while? ________ what amounts of those factors to hire."
emmasim [6.3K]
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3 years ago
A title clause in a contract provides exactly what type of title the buyer is expecting to receive from the seller: Group of ans
damaskus [11]

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True

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