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horrorfan [7]
3 years ago
6

Diaz and Associates incurred the following costs in completing a tax return for a large company. Diaz applies overhead at 50% of

direct labor cost. LaborHours Used Hourly Rate Partner 5 $450 Senior manager 13 160 Staff accountants 100 70 1. Prepare journal entries to record direct labor and the overhead applied.
Business
1 answer:
muminat3 years ago
4 0

Answer:

Date                   Accounts Receivable                               Debit            Credit

XX-XX-XXXX    Work in Process                                    $11,330

                          Wages Payable                                                         $11,330

Date                   Accounts Receivable                               Debit            Credit

XX-XX-XXXX     Work in Process                                    $5,665

                           Manufacturing overhead                                            $5,665

<u>Working</u>

Total labor cost:

= Partner cost + Senior manager cost + Staff accountants

= (5 * 450) + (13 * 160) + (100 * 70)

= $11,330

Overhead is 50% of direct labor cost:

= 11,330 * 50%

= $5,665

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suggest one strategy businesses can use to deal with each of the following socio economic issues : illiteracy , dumping and inef
sergiy2304 [10]

Answer:

Workshop and seminars

Reward for innovation

Explanation:

To deal with the issue of illiteracy in the society, all that needs to be done is to educate the masses and ensure the need to know and learn is both important and enticing. Hence, business could come in with educational setups which could be free or highly discounted and at the same time rewarding. This way knowlwege could be acquired and afforded by the low earners and at the same time reap huge rewards for their efforts.

Dumping and inefficient use of resources can define rely be curtailed by recycling, the reuse of waste and used products. Recycling process usually takes careful study to ascertain that various waste materials could actually form important raw materials in the manufacture of other new products. These innovations should be prioritized and rewarded.

6 0
3 years ago
What type of wholesaler operates mainly in bulk industries like lumber, coal, and it heavy equipment
Svetradugi [14.3K]

Answer:

Drop shippers

Explanation:

When the store does not keep the product in its possession but fulfill the customers' demand by behaving as a middleman with the help of a model, it is called drop shippers. It is the reason why those stores or wholesalers can operate in bulk industries. An example of a drop shipper is a soft drinking company that uses third-party delivery services to meet the demand.

5 0
3 years ago
The average cost of tuition and room and board at a small private liberal arts college is reported to be $8,500 per term, but a
mojhsa [17]

Answer & Explanation:

The null hypothesis (H0) is what the study is trying to reject, is what the study wants to disprove. In this case, the financial administrator believes that the average cost of tuition and room is greater than $8,500. Then, he wants to statistically disprove that the average cost per term is equal to $8,500.

H0: average cost = $8,500

H0:μ=$8,500

The alternative hypothesis (H1) is the opposite, is what the financial administrator wants to prove: the average cost per term is greater than $8,500.

H1: average cost > $8,500

H1:μ>$8,500

3 0
3 years ago
50 POINTS AND BRAINLIEST
Vikentia [17]

Answer: sorry i took long

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6. $150

9. The producers decide what should be produced.

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4 0
2 years ago
What tips should you remember when creating a successful cover letter? Check all that apply.
Furkat [3]

Answer:

a. Use a traditional letter style

c. Proofread several times.

Explanation:

The cover letter is the letter in which the person describe himself or herself with respect to their qualifications, interest, strength, weakness, achievements so that the interviewer could get a better idea about the person who is giving the interview

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