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
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

You might be interested in
Is United States currency officially "backed" today?
Maslowich
"<span>Yes, legal currency is backed by government acceptance" is the one among the following choices given in the question that gives the required answer. The correct option among all the options that are given in the question is the second option. I hope that the answer has come to your desired help.</span>
4 0
3 years ago
Johnny works at an automobile manufacturing plant. his supervisors have received several complaints about him being careless wit
miss Akunina [59]

In the context of workplace deviance, the actions that Johnny has displayed is an example of property deviance. This type of workplace deviance focuses on the person’s behavior into stealing, lying about work hours, kickbacks and having to sabotage equipment in which Johnny has demonstrated.

4 0
4 years ago
if the market risk premium is 7%, the risk-free rate is 2% and the beta of a stock is 2.0, what is the expected return of the st
Len [333]

Expected return of the stock is greater than 12%.

Using formula, Risk free rate + beta (market risk rate - risk free rate)\

= 2% + 2.0 (7%-2%)

= 13.6 - 0.4* risk premium

Risk premium of a stock is greater than 12%.

A stock's total return takes into account both capital gains and losses as well as dividend income, as opposed to a stock's nominal return, which only displays its price movement. In addition to considering the actual rate of return, investors should consider their ability to withstand the risk involved with a given investment. An investment's return on investment (ROI) provides a general indication of its profitability. The return on investment (ROI) is calculated by subtracting the investment's initial cost from its final value, dividing the result by the cost of the investment, and finally multiplying the result by 100.

Note that the full question is:

If the market risk premium is 7%, the risk-free rate is 2% and the beta of a stock is 2.0, what is the expected return of the stock?

A. less than 12%.

B. 12%.

C. greater than 12%.

D. cannot be determined.

To learn more about returns: brainly.com/question/24301559

#SPJ4

3 0
1 year ago
Jose Garcia agrees to contribute land with a fair market value of $10,000 in exchange for 200 shares of Damian Inc.'s common sto
omeli [17]

Answer:

Paid-in Capital in Excess of Par $8,000

Explanation:

Based on the information given we were told that Garcia contribute land that has  a fair market value of the amount of $10,000 which was exchange for 200 shares of the common stock of Damiann Inc.'s that has a par value of $10 per share which means that the journal entry to record the transaction in the books of Damian, Inc., will include a credit to Paid-in Capital in Excess of Par $8,000 calculated as:

Fair market value  $10,000

Less  common stock $2,000

(200 shares *$10 per share)

Paid-in Capital in Excess of Par $8,000

5 0
3 years ago
If a tax is levied on the sellers of a product, then the demand curve will a. become flatter. b. not shift. c. shift up. d. shif
Lera25 [3.4K]

If a tax is levied on the sellers of a product, then the demand curve will become flattered.

Option A. becomes flattered.

If a tax is levied on sellers of a product, then the supply decreases, the supply curve will shift to the left. The demand curve will not shift. This is shown in the following figure;

S+tax Price E1 pl p 0 q1 q Quantity х

In the above figure, the x-axis shows quantity and the y-axis shows the price. D is the demand curve and S is the supply curve. As a result of the tax, the supply curve will shift to the left. The price increases from p to p1 and quantity decreases from q to q1.

Learn more about levied at

brainly.com/question/3853375

#SPJ1

7 0
2 years ago
Other questions:
  • Weyerhaeuser Incorporated has a balance sheet that lists $108 million in assets, $62 million in liabilities, and $46 million in
    6·1 answer
  • What placed a major strain on china's economy?
    6·1 answer
  • How does the mortality pattern and age distribution affect the growth rate?
    10·1 answer
  • How can you end a interview on a positive note
    6·1 answer
  • Land improvements were put into service on January 1st. The cost was $80,000, and the estimated salvage value was $20,000. The c
    6·1 answer
  • In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of wo
    13·1 answer
  • The process by which different individuals and units perform specific parts of the larger task is called ? user: the procedures
    6·2 answers
  • Most economists A. apply the assumption that people rarely behave as if they act rationally although they do aim to maximize uti
    12·1 answer
  • Explain one advantage of good branding to a business.
    5·1 answer
  • What are some skills many ctsos help their members develop? select two options. friendship leadership test skills career-specifi
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!