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
An example of a start-up cost is _____.
Free_Kalibri [48]
Paying a graphic designer to create a logo.
5 0
3 years ago
Read 2 more answers
Please read the entire question.
Bad White [126]

Maybe a nighttime setting could work for your PowerPoint. I'm thinking string lights, glow-in-the-dark stickers, stuff like that. And then in comes your toy: warm, snuggly, and here to help your prospective kid sleep through the night. I know how to make a whole bunch of cool designs with PowerPoint, so just comment below if you have any questions.

6 0
3 years ago
Which of the following statements is CORRECT? a. Because most stock ownership is concentrated in the hands of a relatively small
lbvjy [14]

Answer:

d. The potential exists for agency conflicts between stockholders and managers.

Explanation:

  • A problem of the agency is a conflict of the interest of relationships where one party is expected to act in another best interest and usually refers to the conflicts of the interest between the companies management and the stockholders.
6 0
3 years ago
Upply and demand
Gennadij [26K]
C.

When a product is overstocked, owners will usually price the product less so that it will sell out more quickly.
3 0
3 years ago
Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual payments, the number of periods doubles,
garik1379 [7]

Answer:

$876,205.93

Explanation:

Calculation for the value of the Treasury note

FV= 1,000,000

N=3*2

N=6

PMT=3%*1,000,000/2

PMT=30,000/2

PMT= 15,000

I/Y=7.7/2

I/Y= 3.85

Using financial calculator to find the present value of the treasury note

Present Value = $876,205.93

Therefore the present value of the treasury note will be $876,205.93

3 0
3 years ago
Other questions:
  • Bill has a mortgage loan on his personal residence. he decides to pay 18 months of interest in advance on october 1, 2016. the t
    12·1 answer
  • Pizza International, Inc. operates 700 family restaurants around the world. The company’s annual report contained the following
    8·1 answer
  • An insurance company is offering a new policy to its customers. Typically, the policy is bought by a parent or grandparent for a
    6·1 answer
  • What is one advantage that the system illustrated below gives to countries that are involved in the global economy? A. It permit
    8·1 answer
  • The first step in establishing training and development programs is to:
    15·1 answer
  • Which response might be an answer to a fundamental question of economics of who should produce? A. The cost of a car will be abo
    14·1 answer
  • 2 Points
    11·1 answer
  • Which of the following behaviors is likely to be considered unethical?
    8·1 answer
  • In order to have a high confidence level in a customer survey, what should the sample size accurately reflect?
    8·1 answer
  • the xyz block company purchased a new office computer and other depreciable computer hardware for $12,000. during the third year
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!