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WARRIOR [948]
3 years ago
8

During March, Pendergraph Corporation incurred $65,000 of actual Manufacturing Overhead costs. During the same period, the Manuf

acturing Overhead applied to Work in Process was $67,000. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:
Business
1 answer:
Yanka [14]3 years ago
5 0

Answer: Credit to manufacturing overhead of $67000.

Explanation:

The journal entry to record the application of Manufacturing Overhead to Work in Process would be:

Debit Work in Progress $67000

Credit Manufacturing overhead $67000.

( To record the application of manufacturing overhead to work in process).

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Long-term objectives are useful because they Multiple choice question. can be accurately measured, whereas short-term objectives
belka [17]

Answer:

Option B

Explanation:

Option B:

Prevent a company from becoming overly focused on the near term and losing sight of larger trends and opportunities.

6 0
2 years ago
Masterson Company's budgeted production calls for 71,000 units in April and 67,000 units in May of a key raw material that costs
Arte-miy333 [17]

Answer:

70,200 units

Explanation:

Calculation to determine the budgeted materials purchases for April

Using this formula

Budgeted material needed for april=April budgeted production calls +

+ (Ending inventory*Ending inventory percentage)- Beginning inventory

Let plug in the formula

Budgeted material needed for april= 71,000 + (67,000*20%) -14,200

Budgeted material needed for april= 71,000 + 13,400-14,200

Budgeted material needed for april= 70,200 units

Therefore the budgeted materials purchases for April is 70,200 units

4 0
2 years ago
A firm operated at 80% of capacity for the past year, during which fixed costs were $210,000, variable costs were 70% of sales,
Fittoniya [83]

Answer:

The answer is: $90,000

Explanation:

We must first determine the cost of goods sold:

  • COGS = variable costs = 70% x 1,000,000
  • COGS = $700,000

I will assume all fixed costs are operating expenses.

Then we elaborate a simple income statement:

Sales                           $1,000,000

<u>COGS                           ($700,000)   </u>

Gross profit                   $300,000

<u>Operating expenses    ($210,000)   </u>  

Operating profit             $90,000

5 0
3 years ago
rony is the managing director of a fabric manufacturing company in order to limit the profit of the company and , therefore , th
77julia77 [94]

Rony as the managing director of a fabric manufacturing company enjoys an employee benefit called <u>perquisites</u><u> (D)</u>.

Let's discuss each employee benefit option we have:

Novated lease is an employee benefit that allows an employer pays for its employee car lease and car runnit costs out of its employee's salary package. An employee will choose a car he wants and a novated lease arrangement is set up between the employee, employeer, and car agent.  The employer then will pay directly to the car agent from the employee's salary. The employee may save tax and running costs using this kind of leasing.

Fiscal Incidence is the combined overall economic impact of both government taxation and expenditure on the real economic income of individuals. Fiscal incidence happens when the econonmic incidence of taxation is combined with the economic incidence of government expenditure. Fiscal incidence is the overall increase or decrease in welfare that individual enjoys from the state's taxing and spending policies.

Swaps is a derivative contract which stated that the two parties will exchange the cash flows or liabilities from two different financial instruments. Swaps usually are based on a notional principal amount. The most common kind of swap is an interest rate swap.

Perquisites or fringe benefits are benefits an employee received over and above his standard salary. Some of these components are taxed separately and someother are tax-exempted. Perquisites may be classified into 3 different types:

  1. Taxable perquisites
  2. Tax-exempted perquisites
  3. Perquisites taxable only by employee

By offering perquisites to its employee, a company may increase its employee productivity, loyalty and retention. Prequisites could also be used as an attraction for top talent.

Learn more about Employee Benefit here: brainly.com/question/12143528

#SPJ4

Complete Question:

Rony is the managing director of a fabric manufacturing company. In order to limit the profit of the company and therefore, the txes on the business the management pays a hefty amount to Rony as year-end bonuses. The company also pays for his family cavations and foreign trips. The benefits enjoyed by Rony are called ____

a. Novated leases

b. Fiscal incidences

c. Swaps

d. Perquisites

6 0
10 months ago
cyclical unemployment refers toa. short-run fluctuations around the natural rate of unemployment.b. changes in unemployment due
Vera_Pavlovna [14]

Cyclical unemployment refers to short-run fluctuations around the natural rate of unemployment.

Cyclical unemployment is the portion of overall unemployment that is a direct outcome of economic boom and bust cycles. Generally speaking, unemployment increases during recessions and decreases during economic expansions. The purpose of the different policy instruments used by governments to boost the economy and a major motivator for studying economics is to reduce cyclical unemployment during recessions.

In the context of the business cycle, cyclical unemployment is related to the erratic ups and downs, or cyclical trends in growth and production, as indicated by the GDP. The downturn usually turns into an upturn, followed by another downturn in most business cycles.

Learn more about Cyclical unemployment, here

brainly.com/question/9408873

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6 0
1 year ago
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