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miv72 [106K]
2 years ago
9

Rock industries allocates manufacturing overhead based on direct labor cost. any overallocated or underallocated overhead is clo

sed monthly.calculate the cost of goods manufactured for november before procation of over or under allocated overhead
Business
1 answer:
Butoxors [25]2 years ago
6 0

Answer:

Note: The full question is attached as picture below

Overhead Cost of one Month = Total Overhead Cost  / 12 Month

Overhead Cost of one Month = $403,200 / 12 month

Overhead Cost of one Month = $33,600

So, Overhead Chargeable Per Month is $33,600

PARTICULARS                                      AMOUNT

Direct Materials                                     $26,000

Direct Labor                                           $21,000

Manufacturing overhead Applied        <u>$33,600</u>

Total Manufacturing Expenses           $80,600

Less: Job Work in Process      

Direct Materials                                       $3,000

Direct Labor                                             $1,500

Cost of Goods Sold before proration  $76,100

of over or under allocated overhead

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Answer:Because of his physical deformity, which prevents him from walking upright, the King nicknames him "Hop-Frog".

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3 years ago
although both tariffs and quotas are tools used to restrict or reduce trade, which of the statements best describes their differ
blagie [28]

Both tariffs and quotas are instruments used to impede or reduce trade. Both quotas and tariffs place restrictions on the quantity of imported commodities.

<h3>What are exports and imports?</h3>

Exports: The products and services that a nation produces at home and sells to clients or enterprises abroad are known as exports. The nation selling its goods and services benefits from an infusion of money as a result. Businesses may opt to export their products and services to another country because it allows them to:

Take part in international trade

reach out to new markets

raising sales

Imports : are the products and services that a company or customer buys from another nation. The nation that is making the purchases sees money leave the country as a result. Although most nations want to import less products and services than they export in order to boost domestic revenue, a high amount of imports can be a sign of an expanding economy. This is especially true if the majority of the imports are productive assets, such machinery and equipment, which the receiving nation may utilize to raise the productivity of their own economy.

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7 0
1 year ago
Fatima finds an article on march 16, 2014 titled "benefits of laptops" on the technologynow website. the article was written on
padilas [110]

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6 0
3 years ago
Read 2 more answers
On June 1, 2018, Blue Co. distributed to its common stockholders 180,000 outstanding common shares of its investment in Red, Inc
faltersainse [42]

Answer:

Blue Co. Shall report $396,000 as gain before income taxes on disposal of the stock.

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As the value of share is revised just after the declaration but before distribution there will be gain on sale of investment.

Net gain = Sale price - Book value

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Total gain for the year end on June 30 will be

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3 years ago
On December 31, management had determined that it would not be able to collect the $1,200 owed to it by one of its customers. On
mario62 [17]

Answer:

a. Journal entries to record the reinstatement of the account receivable

Account Title and Description                           Debit     Credit

Account receivable account                                $600

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b. Journal entries to record the receipt of cash

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        Account receivable account                        $600

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3 years ago
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