A part of a business's message that distinguishes it from all its competitors

Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for e

lesya [120]

Answer:

Total cost= $930

Explanation:

Giving the following information:

Copy Center pays an average wage of $12 per hour.

Overhead rate= $18 per direct labor hour

Job M-47:

used $330 of direct materials and took 20 direct labor hours of labor to complete.

Total cost= direct material + direct labor + allocated overhead

Total cost= 330 + 20*12 + 20*$18= $930

3 0

3 years ago

Which if the following would be debited to the equipment account

kozerog [31]

I think the answer is a

4 0

3 years ago

Read 2 more answers

Rane Company had the following assets on January 1, 2017.

Viefleur [7K]

Answer:

Journal entries are prepared below

Explanation:

Journal entries required are given as follows

Jan. 1 (To record retirement of machinery)

Debit Credit

Accumulated depreciation-equipment $69,580

Equipment $69,580

June. 30 (To record the depreciation expense on forklift)

Debit Credit

Depreciation expense 2940

Accumulated depreciation-equipment 2940

Working

Annual depreciation = $29,400 / 5 years = $5880

depreciation for 6 months = $5880 x 6/12 = $2940

June. 30 (To record sale of forklift)

Debit Credit

Cash 11760

Accumulated depreciation-equipment(w) 20580

Equipment 29400

Gain on disposal of plant assets 2940

Working

Accumulated depreciation = 5880 x 3.5 years

Dec. 31 (To record depreciation expense on truck)

Debit Credit

Depreciation expense 3724

Accumulated depreciation-equipment 3724

Working

Annual depreciation on truck = ($32,736- $2,944) / 8 years = $3724

Depreciation for 2017 = $3724

Dec. 31 (To record discarding of the truck)

Debit Credit

Salvaged materials 2,944

Accumulated depreciation-equipment 22344

Loss on disposal of plant assets 7448

Equipment 32,736

Working

Accumulated depreciation = 3724 x 6 years = 22,344

6 0

3 years ago

What is the minimum price per unit that would produce a positive contribution margin? if required, round your answer to two deci

nikdorinn [45]

You need to provide figures for an answer to be calculated.

8 0

3 years ago

Which economic system is characterized by public ownership of the means of production, the pursuit of collective goals (rather t

Dennis_Churaev [7]

An economic system is characterized by public ownership of the means of production, the pursuit of collective goals (rather than market-oriented production), and centralized decision making is called "command economy (socialism)."

<h3>What is command economy (socialism)?</h3>

A form of command economy is socialism. The majority of the production factors, including land and capital goods, are owned and under the jurisdiction of the state.

Key features of command economy are-

A populist economic and political structure, socialism is founded on the common, collective, or public ownership of the means of production.
The equipment, resources, and manufacturing facilities utilized to create products that are intended to directly meet human needs are among those means of production.
The state uses central planning.
The state maintains centralized control over the production of products and services, as well as their prices and distribution.
While free-market economies have historically been identified with capitalism and democratic countries, command economies have historically been connected with socialist and communist countries.

Socialism the best economic system because-

Theoretically, socialism aims to create the greatest amount of common wealth through public benefits.
Since the government oversees the majority of societal activities, it can utilize resources, labor, and lands more efficiently.
Socialism lessens wealth disparity not only between different regions but also between all social classes and ranks.

To know more about command economy, here

brainly.com/question/15907004

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5 0

2 years ago