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
Anestetic [448]
3 years ago
7

Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from Novemb

er jobs are summarized as follows:
Job 201 $4,850
Job 202 2,420
Job 203 1,910
Job 204 3,570
Factory supervision 1,660

Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $28 per direct labor hour. The direct labor rate is $17 per hour. If required, round final answers to the nearest dollar.

a. Journalize the entry to record the factory labor costs.
b. Journalize the entry to apply factory overhead to production for November.
Business
1 answer:
Fynjy0 [20]3 years ago
5 0

Answer and Explanation:

The journal entry is given below:

a. Work in process ($4,850 + $2,420 + $1,910 + $3,570) $12,750

Factory overhead $1,660

         To wages payable $14,410

(being the factory labor cost is recorded)

b. Work in process Dr ($12,750 ÷ $17 × $28) $21,000

          To factory overhead $21,000

(being the factory overhead is applied)

These two entries should be recorded for an individual parts

You might be interested in
A bank quotes a stated annual interest rate of 4.00%. If that rate is equal to an effective annual rate of 4.08%, then the bank
Mrrafil [7]

Answer: Quarterly

Explanation:

Annual interest rate = 4.00%

Effective annual rate = 4.08%

To know if the bank is compounding interest daily or quarterly goes thus:

Effective Annual rate can be calculated using:

= (1+Periodic rate)^number of compounding periods - 1

Therefore, we calculate the daily compounding effective annual rate which will be:

= (1+4%/365)^365 - 1

= (1 + 0.04365)^365 - 1

= 4.08%

For Quarterly EAR, this will be:

= (1+4%/4)^4 - 1

= (1 + 0.04/4)^4 - 1

= 4.06%

Therefore, the a bank is compounding interest Quarterly

6 0
3 years ago
Which of the following is true for the federal government budget each year?​
olasank [31]

The federal government budget each year is considered to run from October 1 of one calendar year through September 30 of the next.

The federal government budget in the United States each covers three major spending categories.

These spending categories include the following:

  • The federal agency funding: this is often referred to as "discretionary spending."

  • Interest on the debt: a maximum of 10% of the total funding.

  • Funding for Social Security: this is often referred to as Mandatory spending. It covers activities like Medicare, veterans benefits, etc.

Hence, in this case, it is concluded that the federal government budget each year is used to run the country's affairs.

Learn more here: brainly.com/question/18085402

8 0
2 years ago
Suppose consumers spent $42 million on Christmas trees last year, when the average tree cost was $30. This year they spend $42 m
faltersainse [42]

Answer:

The question is incomplete

Choose one correct answer from the following;

a.​the demand for trees is inelastic.

b. total revenue to tree producers rose this year.

c. consumers bought the same number of Christmas trees this year as last year.

d.​the price of the Christmas trees stayed the same.

e.​the demand for trees is unit elastic.

The answer is e.​the demand for trees is unit elastic.

Explanation:

Price elasticity of demand =( (25-30)/30 *100)/ 1680-1400/1400 *100)=1.2

4 0
3 years ago
How do people keep track of the amount of money in their checking accounts?
mr_godi [17]
Using a check register log
8 0
3 years ago
A building is valued at $215,000 and contains four apartments that rent for $470 each per month. The owner estimates that the ne
valentinak56 [21]

Answer:

Capitalization rate is 3.67%

Explanation:

The capitalization rate is the rate of return expected from a commercial property. In order to find the capitalization rate we divide the net operating income of the building by its current value. The value of the building is 215,000. The revenue from the building is 22,560 (470*4*12), We get this by multiplying the monthly rent of each apartment by 4 as their are 4 apartments and then multiplying that by 12 as we need the yearly revenue. The costs are 65% of gross rental receipts so costs = 0.65*22,560= 14,664

The annual operating income is 22,560-14,664= 7,896

The capitalization rate is annual operating income/Current value of property so

7,896/215,000= 3.67%

5 0
3 years ago
Other questions:
  • Since you were given ____ time to complete your project , i can see no excuse for your failure to complete it
    7·2 answers
  • A student wanted 20.000g of a salt. which balance should the student use in order to obtain the most accurate quantity: a platfo
    11·2 answers
  • Your consulting division is finding that competition for experienced business consultants who earn clients’ trust is intense. Fu
    12·2 answers
  • Select the correct answer.
    6·1 answer
  • The general pattern that consumption of the first few units of any good tends to bring a higher level of utility to a person tha
    15·1 answer
  • Liam manages his father's construction company. He is usually very lenient with his employees. He allows his employees to work f
    9·1 answer
  • A customer value proposition is a unique strength relative to competitors that provides superior returns, often based on quality
    14·1 answer
  • The Brite Beverage Company bottles soft drinks into aluminum cans. The manufacturing process consists of three activities:
    5·1 answer
  • A perfectly price-discriminating monopolist is able to a. maximize profit and produce a socially optimal level of output. b. pro
    9·1 answer
  • ou are planning to save for retirement over the next 30 years. To do this, you will invest $890 per month in a stock account and
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!