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Ulleksa [173]
3 years ago
7

Bagley Corporation expects to incur $900,000 of factory overhead and $600,000 of general and administrative costs next year. Dir

ect labor costs at $20 per hour are expected to total $300,000. If factory overhead is to be applied per direct labor hour, how much overhead will be applied to a job incurring 40 hours of direct labor?
Business
1 answer:
Burka [1]3 years ago
3 0

Answer:

Overheads apply = $2,400

Explanation:

given data

factory overhead = $900,000

general and administrative costs = $600,000

per hour = $20

Direct labor costs = $300,000

solution

we know here Total direct labor hours that is

Total direct labor hours = \frac{$300000}{$20}

Total direct labor hours  = 15,000 direct labor hours

so here Factory overheads per direct labor hour will be

Factory overheads per direct labor hour = \frac{900000}{15000}

Factory overheads per direct labor hour = $60 per direct labor hour

so here  Overheads applied to Job  will be

Overheads apply = 40 direct labor hours × $60 per direct labor

Overheads apply = $2,400

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ivolga24 [154]

Answer:We use the Large Function. the general formula is  =LARGE(first cell:last cell,3) .Please refer to the explanation section for details

Explanation:

Let us assume

A 1 = $1,250,  A 2 = $1,090, A 3 = $985, A 4 = $985, A 5 = $880, A 6 = $756, A 7 = $675, A 78= $650, and A 9 =$600

Using the Large function on excel to return the third largest value, on the formula bar we have the following formula;

=LARGE(A1:A2,3)

7 0
3 years ago
If an employee is the alleged perpetrator, is the mandated reporter employee required to file the suspected child abuse report a
SSSSS [86.1K]

Yes,  the mandated reporter employee is required to file the suspected child abuse report and immediately inform their supervising administrator of the alleged inappropriate conduct. This is further explained below.

<h3>What is inappropriate conduct?</h3>

Generally, Insulting, threatening, demeaning, malevolent, degrading, or offensive language, behavior, or gestures against a person or group is Inappropriate Conduct.

In conclusion, there is an obligation on the part of the mandated reporter to disclose any suspicions of child abuse and to notify their immediate supervisor of the situation.

Read more about inappropriate conduct

brainly.com/question/15030945?

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7 0
2 years ago
On November 1, Vacation Destinations borrows $1.57 million and issues a six-month, 9% note payable. Interest is payable at matur
Keith_Richards [23]

Answer:

(a) To Record the issuance of the note

Debit Cash $1.57 million

Credit Notes payable $1.57 million

<em>(To record notes payable issuance)</em>

(b) Adjusting entry for interest expense at December 31:

Debit Interest expense $23,550

Credit Interest payable $23,550

<em>(To record interest expense on notes payable as at Dec 31)</em>

Explanation:

Note payable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest expense on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense is $1.57 million x 9%/12 x 6 months = $70,650.

Total interest expense to the Company as at December 31 is therefore $70,650 / 6 months x 2 months = $23,550.

3 0
3 years ago
Suppose that technological advancements stimulate $20 billion in additional investment spending. If the MPC = 0.6, how much will
grin007 [14]

Answer:

option (D) $50 billion.

Explanation:

Data provided in the question:

Additional investment spending = $20 billion

MPC = 0.6

Now,

Increase in aggregate demand = [1 ÷ (1 - mpc) ] × Investment

or

Increase in aggregate demand =  [1 ÷ (1 - 0.4) ] ×  $20 billion

or

Increase in aggregate demand = (1 ÷ 0.4) × $20 billion

or

Increase in aggregate demand = 2.5 × $20 billion

or

Increase in aggregate demand = $50 billion

Hence.

the correct answer is option (D) $50 billion.

5 0
3 years ago
Economic modelsa. are not useful because they omit many real-world details.b. are usually composed of diagrams and equations.c.
tino4ka555 [31]

Answer:

b. are usually composed of diagrams and equations.

Explanation:

Economic models involve huge number of factors for their study and analysis.

It encompasses the analysis of various situations in an economy. It amounts for significant influence on the changes in market and environment, in which an economy runs.

Since it is complex in nature it involves huge diagrams, metrics, equations.

As with just theory it is not easy to form the understanding of economics. Thus, it involves many pictorial representations in the form of diagrams, graphs, etc:

Therefore, correct statement is

Statement b

6 0
3 years ago
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