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scoray [572]
3 years ago
5

Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during

the current period, shows charges of $6,700 for direct materials, $9,500 for direct labor, and $6,270 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $4,100 for direct materials and $4,100 for direct labor.
Required:
Calculate the overhead cost be added to Job W at year-end
Business
1 answer:
ddd [48]3 years ago
6 0

Answer:

Job W= $2,706

Explanation:

<u>First, we need to calculate the predetermined overhead rate based on allocated overhead to Job V:</u>

Job V:

Direct labor= $9,500

Allocated overhead= $6,270

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

6,270= Estimated manufacturing overhead rate*9,500

6,270/9,500= Estimated manufacturing overhead rate

Estimated manufacturing overhead rate= $0.66 per direct labor dollar.

<u>Now, for Job W:</u>

<u />

Job W= 0.66*4,100

Job W= $2,706

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In most large cities there are a large number of bakeries. These bakeries produce similar, but not identical, products. Some bak
Kaylis [27]

Answer:

The correct answer is option A.

Explanation:

A monopolistic market is a market structure that has a large number of buyers and sellers in the market. The sellers produce heterogeneous or differentiated products which are close substitutes. There are relatively easier entry and exit in the market as compared to a monopoly market.

There is a high degree of competition in the market and the producers use an advertisement to promote their products.

4 0
4 years ago
Analyse safety management as a science? ​
katen-ka-za [31]

Answer:

Explanation:

Persistent endeavors have been made to promote construction safety, but fatalities still plague the industry. Recently there had been an emergence of a variety of Construction safety research focusing on topics such as safety competency, accident statistics, design for safety, and safety culture. A large number of construction safety studies with the variety of topics make it difficult for stakeholders to have an overview of this field. Hence a systematic review of previous studies is paramount for facilitating sharing useful research findings and accessing future trends in construction safety research. A five-step framework was proposed in this review. The analysis focused on publication year, journal title, country/region distribution, organizational level, project phase, project type, innovative technology application and research topic. Three groups of construction safety research were identified. The first group of research is conducted from the perspective of safety management process, such as safety assessment and safety program. The second group aims to explore the impact of individual and group characteristics in relation to construction safety, such as worker behavior, perception, and safety climate. The third group utilizes accident/incident data to improve safety performance. In order to better capture construction safety research trend, these studies were discussed from chronological and thematic perspectives. Four main research findings including construction safety research perspectives, construction safety research trends, innovative technology applications in construction safety, and safety information flow, were gained. Finally, this review identified and discussed research gaps and corresponding agenda which can serve as guidance for future construction safety research.

5 0
2 years ago
First Rentals purchased office supplies on credit. The general journal entry made by First Rentals will include a:
Assoli18 [71]

The general journal entry made by First Rentals on purchase of office supplies on credit will include a Credit to Accounts Payable.

<h3>How are office supplies on credit recorded?</h3>

Office supplies on credit means office supplies bought on credit by the firm.

In conclusion, the general journal entry made by First Rentals on purchase of office supplies on credit will include a Credit to Accounts Payable.

Read more about Accounts Payable

<em>brainly.com/question/1347024</em>

5 0
3 years ago
A country finds itself in the following situation: the government budget surplus is 2% of its GDP; private savings is 30% of GDP
DaniilM [7]

Answer:

The current account deficit will increase from 1% to 31% of GDP.

Explanation:

National saving and investment identity helps in understanding the determinants of trade and current account balance. The current account is in balance when the quantity demanded of financial capital is equal to the quantity supplied of financial capital.  

Here, the government saving or surplus and private savings are the supply of financial capital and investment indicates demand for financial capital.

The current account balance is

= Supply of capital - Demand for capital

= (30 + 2)% - 33%

= 32% - 33%

= -1%

So the current account is in deficit by 1% of GDP.  

If the private savings becomes zero, the current account balance will be

= Supply of capital - Demand for capital

= 2% - 33%

= -31%

The current account will be in deficit by 31%.

8 0
3 years ago
Miller Mining acquired rights to a tract of land with the intent of extracting from the land a valuable mineral. The cost of the
ziro4ka [17]

Answer:

depletion expense recognize over the first year: 400,000 dollars

Explanation:

it cost 2,500,000 the right to extract 10,000 tons

To obtain therate we divide the cost over the expected tons of materials

rate per ton:  2,500,000 / 10,000 = 250 dollars

Now we calculate the depletion based on the amount extracted on the first year:

<em>first year extractions: </em>1,600 tons

depletion expense: 1,600 tons x 250 dollars = <em>400,000</em>

<em />

4 0
4 years ago
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