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goldenfox [79]
3 years ago
13

For Bonita Industries, the predetermined overhead rate is 70% of direct labor cost. During the month, $800000 of factory labor c

osts are incurred of which $210000 is indirect labor. Actual overhead incurred was $340000. The amount of overhead debited to Work in Process Inventory should be:
Business
1 answer:
Tamiku [17]3 years ago
4 0

Answer:

$147,000

Explanation:

Calculation to determine what The amount of overhead debited to Work in Process Inventory should be:

Using this formula

Overhead debited to Work in Process Inventory=Factory labor costs*Predetermined overhead rate

Let plug in the formula

Overhead debited to Work in Process Inventory=$210,000*70%

Overhead debited to Work in Process Inventory=$147,000

Therefore The amount of overhead debited to Work in Process Inventory should be:$147,000

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True. According to a 2018 CareerBuilder survey, 70% of employers use social media to screen candidates during the hiring process, and about 43% of employers use social media to check on current employees.
5 0
2 years ago
On November 1, 2019, Gerakos Corporation sold software and a six-month technical support contract to a customer for $80,000. Ger
Brilliant_brown [7]

Answer:

The question requirement relates to the amount of revenue to be recognized in year 2019 and 2020 respectively.

2019 Revenue is $66,667

2020 Revenue $13,333

Explanation:

The total price of $80,000 is split into $60,000 which is standalone  price of the software and the balance relates of $20,000($80,000-$60,000) relates to technical support.

It is important to note that the selling price of software of $60,000 is due for recognition as revenue, while technical support fee of $20000 should be recognized on a progress basis,for each month the technical support has been rendered.

2019 Revenue

Software                                                 $60,000

Technical support($20000*2/6)             $6,667

Total                                                         $66,667

2020 Revenue

($80,000-$66,667)                                  $13,333

8 0
3 years ago
A hamburger stand near the local mall sells hamburgers for $3.99, drinks for $1.99, and fries for $1.49, while a gourmet restaur
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Answer:

Psychological pricing

Explanation:

Psychological pricing also known as price ending, charm pricing is a pricing and marketing strategy based on the theory that prices produces a psychological impact. This involves setting prices as odd prices being a little less than a whole number such as $9.99 or £2.99. It is believed that consumers think that this prices are lower than they actually are.

5 0
3 years ago
Read 2 more answers
Definition:_________ This is the process of reducing or eliminating government regulations on an industry, allowing for more lai
baherus [9]

Answer:

Deregulation

Explanation:

<em>Deregulation when the government power is reduced or eliminated from a particular industry in order to make business easier and less restrictive.</em>

I hope you find this information useful and interesting! Good luck!

3 0
3 years ago
An example of a company connecting with customers to add value in its package redesign strategy is Blank______.
kakasveta [241]

An example of a company connecting with customers in its package redesign strategy is creating a resealable package in response to consumer habits.

<h3>What is a redesign strategy?</h3>

A redesign strategy outlines which best practices should be employed first and which should be avoided in order to achieve the goals of the redesign endeavor.

Steps to a successful redesign of business processes:

  • Set precise objectives.
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  • A single workflow.
  • Give authority to those in charge of processes.
  • Single-source information collection.

In order to build the most effective product, the design strategy applies the tactical thinking of a company strategy to the needs of the user. Through innovative applications geared toward the end user, the convergence of business strategy and design thinking accomplishes long-term objectives.

To know more about design strategy refer to: brainly.com/question/14506200

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5 0
1 year ago
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