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Anestetic [448]
2 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]2 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

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Answer:

Never, you will continue to be in debt

Explanation:

the interest per month are 1% of the unpaid amount:

3,000 x 1% = 30 interest per month

the minimum payment is 30 dollars

Therefore, by doing the minimum payment we are just coering the interest generated per month we are not doing any amortization on the principal Hence we cannot repay the debt.

3 0
3 years ago
Barry’s expectation that employees will complete his requests immediately is typical of —— leaders.
goldenfox [79]

Answer: Commanding leaders

Explanation: The commanding leader is a type of leadership where the leader is someone who is very controlling. These leaders are tough and direct people, they are those who take charge of situations regardless of what others may think.

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3 0
2 years ago
A 4-year project has an annual operating cash flow of $42,000. At the beginning of the project, $6,000 in net working capital wa
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Answer:

Total cash flow $54,613

Explanation:

The computation of the year 4 cash flow is given below:

Selling price of equipment $6,920

Book value at year 4 end $5,460

Capital gain $1,460

Tax on capital gain at 21% $306.6

So,  net cash flow from the sale of equipment  

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Release of working capital  $6,000

Net cash flow form sale of equipment $6,613  

Total cash flow $54,613

3 0
3 years ago
A ________ is made up of a company, its suppliers, distributors, and, ultimately, customers who "partner" with each other to imp
nevsk [136]
The answer to this question is the term Value delivery network. A Value delivery network is a system that is made up of the participants like the company, suppliers, distributors that are all involved in the marketing, distributing, production, and even the customer service of the goods and services in a specific or geographic area / market. This team partners together for a common goal, to provide good service.
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3 years ago
If the secular trend of labor productivity rises from 2 percent per year to 4 percent, the number of years that it will take for
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C. 17.5 years

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3 years ago
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