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stiv31 [10]
2 years ago
8

Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 268,300 Aug. 31 Goods finished 168,800 31

Direct materials X 31 Direct labor 43,300 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 108,100 Aug. 1 Balance 12,100 31 Applied X If the balance of Work in Process on August 31 is $202,600, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs? a.$12,100 b.$12,990 c.$168,800 d.$108,100
Business
1 answer:
Darina [25.2K]2 years ago
8 0

Answer:

b.$12,990

Explanation:

Calculation to determine the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs

Using this formula

Overhead applied = Direct labor cost * Predetermined overhead rate

Let plug in the formula

Overhead applied= 43,300 * 30%

Overhead applied= $12,990

Therefore the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs is $12,990

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Answer:

$6,700,000

Explanation:

Preparation of the paid-in capital section of the balance sheet at December 31, 2020.

Paid-in capital section of the balance sheet at December 31, 2020

7% Preferred stock, $100 par value, cumulative15,000 shares issued and outstanding $1,500,000

Add Common stock, no par, $10 stated value, 500,000 shares authorized, 350,000 shares issued andoutstanding 3,500,000

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($1,500,000+3,500,000)

Add Additional paid-in capitalIn excess of par—preferred stock$ 300,000

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Therefore the paid-in capital section of the balance sheet at December 31, 2020 is $6,700,000

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2 years ago
The government of Ugania had been extending huge amounts of loans to the business enterprises in the country. However, the borro
coldgirl [10]

Answer:

b) economic

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Despite that the government of Ugania has been trying to stimulate its economy extending huge amounts of loans to the business enterprises in the country, the failure to generate the profits necessary to repay their debts by borrowers likely due to be that the business enterprises in Ugania are most likely to facing economic risk.

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Describe how hrd is linked to the overall goals and strategies of an organization
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To know more about human resources development

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What is the present value of the following series of payments: $300 made at the end of every year starting in year 1 and ending
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Answer:u are a wierdo mister

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8 0
3 years ago
An issuer has filed a registration statement in the state proposing to offer 500,000 shares in a combined primary and secondary
sweet-ann [11.9K]

Answer:

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Specifically, when the sales of stock are carried out by someone or an individual who is not a registered stockbroker, that individual officially becomes what is called 'a non-issuer broker-dealer'. The implication is that such a transaction is to be exempted from the registration requirements of the Security Exchange Commission.

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