1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
valina [46]
2 years ago
15

Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $540,000, and factory payro

ll cost in April is $370,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $25,000; factory rent, $31,000; factory utilities, $19,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 cash in April. Costs of the three jobs worked on in April follow.
Job 306 Job 307 Job 308
Balances on March 31
Direct materials $ 28,000 $ 39,000
Direct labor 23,000 17,000
Applied overhead 11,500 8,500
Costs during April
Direct materials 139,000 220,000 $ 110,000
Direct labor 103,000 153,000 104,000
Applied overhead ? ? ?
Status on April 30 Finished (sold) Finished (unsold) In process
Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31).
Business
1 answer:
vovangra [49]2 years ago
3 0

Answer:

See below

Explanation:

Marcelino Co's total cost of each production incurred in April

From March

Job306 Job307 job308

Direct materials $28,000 $39,000

Direct labor $23,000 $17,000

Applied overhead $11,500 $8,500

(50% of direct labor)

Beginning goods in process $52,500 $64,500 ---

For April:

Direct materials $139,000 $220,000 $110,000

Direct labor $103,000 $153,000 $104,000

Applied overhead $51,500 $76,500 $52,000

(50% of direct labor)

Total cost added in April $293,500 $449,500 $266,000

Total costs(April 30) $346,000

$514,000 $266,000

You might be interested in
How do tariffs impact international trade?
torisob [31]

Helllllooooo!!!!! I am going to answer your question, my very best!! Don't expect me to be proffessor smart, i barely in grade 9! If i answer well, i want brainliest please! If i do not answer well, please comment!

Tariffs cost a lot of money to ship overseas the products people want.  More demand is required as well as a variety of a lot of domestic products from multiple countries. Trade needs to be well within countries and ships need to be maintained. The trade balance may go wrong sometimes, such as a shipwreck. Then there will be a lot of international complications, not known to the public. Companies will pay more for the lost goods.

I wasn't sure if you wanted specifics, hope this works. HAVE A GREAT WEEK!

3 0
3 years ago
Read 2 more answers
Which statement or statements apply to a bond which is selling at a premium? I. The market value exceeds the par value. II. The
kherson [118]

Answer:

Its A

Explanation:

I took the test

6 0
2 years ago
What happens to consumption and investment spending when the Federal Reserve decreases the money supply
Illusion [34]

Answer: Consumption and investment spending decrease or falls.

Explanation:

When the Federal Reserve decreases the money supply, this will lead to a fall in the consumption and investment spending. This is a contractionary policy by the government which is typically used to curb inflation.

Since there's reduction in money supply, there'll be less money in circulation and hence, decrease in consumption and investment expenditure.

3 0
3 years ago
An investment project has annual cash inflows of $4,200, $5,100, $6,300, and $5,500, and a discount rate of 15 percent. a. What
Naddika [18.5K]

Answer:

It will take 1 year and 307 days to cover the initial investment.

Explanation:

Giving the following information:

Initial investment= $6,900

Cash flows:

Cf1= $4,200

Cf2= $5,100

Cf3= $6,300

Cf4= $5,500

Discount rate= 15%

<u>The payback period is the time required to cover the initial investment. We need to discount each cash flow.</u>

<u></u>

Year 1= 4,200/1.15 - 6,900= -3,247.83

Year 2= 5,100/1.15^2 - 3,247.83= 608.50

<u>To be more accurate:</u>

(3,247.83 / 3,856.33)*365= 307 days

It will take 1 year and 307 days to cover the initial investment.

6 0
3 years ago
When text is indented in an outline, what does that usually mean?
andrew11 [14]

Answer:

D

Explanation:

its is D because why not ight

3 0
3 years ago
Read 2 more answers
Other questions:
  • SaaS refers to:
    7·1 answer
  • Undertaker enterprises earns $0.17 in profit on every $1 of sales and has $0.67 in assets for every $1 of sales. the firm pays o
    11·1 answer
  • Economic theory offers ____________________ about the full range of possible events and responses, which can prevent ___________
    15·1 answer
  • What are some questions to ask a clerk in the dispatch office?
    14·1 answer
  • Anna's family was expecting a lower EFC than they received. Anna's mother suggests changing the Parent's Gross
    9·2 answers
  • Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contrib
    15·1 answer
  • You will be receiving cash flows of: $1,000 today, $2,000 at end of year 1, $4,000 at end of year
    9·1 answer
  • Select all that apply Job cost sheets can be used to: (Check all that apply.) Multiple select question. provide a subsidiary led
    9·1 answer
  • The following monthly data are available for Waterway Industries. which produces only one product: Selling price per unit, $54;
    14·1 answer
  • In most cases, markets are considered more efficent and better off when monopolies are broken up. Why is it hard for governments
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!