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Ket [755]
3 years ago
12

The following information is available pertaining to Bonita Division, that uses a plant-wide overhead rate based on machine hour

s: Mixing Dept. Finishing Dept. Total Overhead $30,000 $60,000 $90,000 Direct labor-hours 7,500 2,500 10,000 Machine-hours 2,500 7,500 10,000 Production information pertaining to Job 101: Mixing Dept. Finishing Dept. Total Prime costs $5,000 $0 $5,000 Direct Labor-hours 250 0 250 Machine-hours 10 10 20 Units produced 500 0 500 What are the total overhead costs assigned to Job 101
Business
1 answer:
ki77a [65]3 years ago
6 0

Answer:

$180

Explanation:

Calculation for What are the total overhead costs assigned to Job 101

Using this formula

Total overhead costs assigned to Job 101=(Total Overhead/Total Machine-hours)*Machine-hours

Let plug in the formula

Total overhead costs assigned to Job 101 = ($90,000/10,000) *20

Total overhead costs assigned to Job 101=9*20

Total overhead costs assigned to Job 101=$180

Therefore Total overhead costs assigned to Job 101 will be $180

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Money to pay current expenses for a municipal revenue bond would normally be placed in which of the following funds? (A) Conting
Zanzabum

Answer:

D) Sinking fund

Explanation:

A sinking fund is an account established to be used in the settling of debts. The corporate or institution that creates a sinking fund deposits money regularly as a way of saving it for future debt payments. A sinking fund, is in away a savings account that accumulates funds for repaying large and future debts.

Municipal authorities use sinking funds to pay their bond expenses when they mature. The municipal contributes funds in the years leading to the bond's maturity. Sinking funds gives confidence to investors that the municipal will not default on its payments.

8 0
2 years ago
During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,500 on ac
scoundrel [369]

Answer and Explanation:

The journal entries are shown below:

a. Raw material inventory $17,500

        To Account payable $17,500

(Being raw material inventory purchased on account)

b. Factory labor $39,900

       To Factory wages payable $30,800

       To Employer payroll tax payable $9,100

(Being factory labor is recorded)

c.  Factory Overhead $16,170

        To Factory Utilities payable $3,500

         To Prepaid Factory property taxes $2,770

        To Accumulated Depreciation $9,900

(Being Manufacturing costs is recorded)  

6 0
3 years ago
1976, the cost of a movie was $4. in 2012, it's $9. if the cpi for 1976 is 56, and 228 for 2012. how much is the cost of a 1976
ivann1987 [24]
$10.29 I'm not sure but hope I'm right
7 0
3 years ago
​Heidi, Sergei,​ Shou-Ju, and Jesus form a general partnership to operate a sporting equipment store. After their first store is
denpristay [2]

Answer: D. Heidi's share of profits is split among the remaining 3 partners.

Explanation: A general partnership is a form of business arrangement by which two or more individuals agree create a business, sharing in all assets, profits, and financial and legal liabilities. However, unless there is a signed written agreement between partners when starting the business, with a clause setting out what would happen on the occurrence of death, the general partnership dissolves after the death of a partner. If the partnership terminates, then the assets and outstanding liabilities are all sold and the proceeds are divided equally among the partners. Therefore, Heidi's share of profits is split among the remaining 3 partners.

8 0
2 years ago
Exercise 2-6 Analyzing account entries and balances LO A1 Use the information in each of the following separate cases to calcula
VARVARA [1.3K]

Answer:

a) Corentine Co.

Cash paid to suppliers:

Beginning balance, September 30 $152,000

Purchases                                         $281,000

Ending balance, October 31            $132,500

Cash paid                                        $300,500

b) Valerian Co.

Sales to customers on account:

Ending balance, October 31              $89,000

Cash collected                                  $102,890

Beginning balance, September 30 $102,500

Sales                                                   $89,390

c) Alameda Company

Cash balance on September 30:

Cash disbursements $103,150

Balance, October 31   $18,600

Cash receipts           $102,500

Balance, Sept. 30       $19,200

Explanation:

The unknown amount for each case is the difference between the opening balance, the transactions for the month of October and closing balance.

5 0
2 years ago
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