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barxatty [35]
3 years ago
14

Travers Manufacturing incurred $106,000 of direct labor and $11,000 of indirect labor. The proper journal entry to record these

events would include a debit to Work in Process for:
Business
1 answer:
olya-2409 [2.1K]3 years ago
3 0

Answer:

$117,000

Explanation:

All costs incurred in manufacturing a product are recorded in the Work in Process Account. The Debit entry on this Account shows the increase in costs and the credit entry shows the transfer of goods to Finished Goods Inventory

So the Work In Process Account must be debited with the Total labor Cost incurred of $117,000 ($106,000 direct labor + $11,000 indirect labor)

Conclusion :

The proper journal entry to record these events would include a debit to Work in Process for $117,000

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Assume it costs Lady Marion Seafood, Inc. $30 to each catch, process, freeze, package, and ship 5 pound packages of Alaskan Salm
saul85 [17]

Answer:

Standard markup pricing

Explanation:

Standard markup is a quick and easy way to find out how much you pay for your goods or services.

After calculating the actual cost of the product, the seller or business owner adds a percentage of the actual cost of the product to arrive at its selling price.

so here

Actual cost =  $30  

Markup =  60% of actual cost

Markup  = 0.6 × $30

Markup  = $18

so selling price is

selling price = $(30 + 18)

selling price = $48

4 0
3 years ago
need this ASAP. question: Explain how a government is able to slow down or speed up the economy’s rate of growth.
Varvara68 [4.7K]
By adjusting spending and tax rates (known as fiscal policy) or managing the money supply and controlling the use of credit (known as monetary policy), it can slow down or speed up the economy's rate of growth and, in the process, affect the level of prices and employment.
7 0
3 years ago
Pizza Hut's website __________ are integrated with the company's overall communications programs - including traditional media -
Morgarella [4.7K]

Answer:

e. content; communications

Explanation:

The website content refers to all multimedia and text found on it. Content should always be relevant and aligned with the company's overall communications plan.

A key part of<u> </u><u><em>integrated marketing communications (IMC)</em></u> is the fact that a company should have all of its media deliver a consistent marketing message.  That applies to the website's content and communications too, as it must integrate those factors with other media and platforms. All the media should cover the same topics - company promotions, product innovation or special customer incentives.

<em>Context, commerce </em>and<em> connection</em> are irrelevant terms for the IMC concept.

4 0
3 years ago
Abby and jason are building a new house. they obtained a construction loan of $100,000, which will be rolled over into a convent
ivann1987 [24]

Answer:

the initial principal balance is $100,000, but it will gain 2% simple monthly interest during 16 months = $100,000 + ($100,000 x 2% x 16) = $132,000

the mortgage loan's principal = $132,000

APR = 12%

n = 30 years or 360 monthly payments

1) using a loan calculator we can determine that the monthly mortgage payment (only  principal + interest) = $1,357.77

2) since they will make 360 monthly payments, they will pay in total = $1,357.77 x 360 = $488,796.71

in total they will pay $$356,796.71  in interest

3 0
3 years ago
Morgan is moving to a new city. She should consider each of these factors when selecting a new financial institution, except ___
VikaD [51]
I don't think interest rates should matter, try that.
4 0
3 years ago
Read 2 more answers
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