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iragen [17]
3 years ago
14

During 2019, Marigold Corp. expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Marigol

d applied overhead based on direct labor cost. Actual production required an overhead cost of $200000, $460000 in materials used, and $150000 in labor. All of the goods were completed. What amount was transferred to Finished Goods
Business
1 answer:
vladimir1956 [14]3 years ago
3 0

Answer:

$835,000

Explanation:

Calculation to determine What amount was transferred to Finished Goods

Transferred to Finished Goods=[$300,000 / $200,000)*$150,000]+$460,000+$150,000

Transferred to Finished Goods=(150%*$150,000)+$460,000+$150,000

Transferred to Finished Goods=$225,000+$460,000+$150,000

Transferred to Finished Goods=$835,000

Therefore The amount that was transferred to Finished Goods is $835,000

You might be interested in
A salesperson's compensation can be made up of some combination of salary, commission, and ________, which are payments made at
murzikaleks [220]

Answer:

"bonuses"

Explanation:

according to my research on the different type of payments that are given to employees, I can say that the answer is "bonuses", because it is the only type of physical payment that is missing from the question. Bonuses are paid to employees when reach a certain milestone or goal that is set by the employer or company, usually used as an employee motivator.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
4 years ago
An analysis and aging of the accounts receivable of Raja Company at December 31 reveal the following data:
rodikova [14]

Answer:

The cash (net) realizable value of the accounts receivable is accounts receivable less the ending balance in the Allowance for Doubtful Accounts.

800,000 - 65,000

This brings the total to $735,000.

5 0
3 years ago
woods company uses the perpetual inventory system. at the year end the general ledger indicated that this company had a balance
GaryK [48]

An action which this company needs to take is debit Inventory and credit Cost of Goods Sold for $1,500.

<h3>What is journal entry?</h3>

A journal entry can be defined as a process which involves keeping the records of the financial transactions of a business such as sales, salaries, inventory, etc, that are made by a business organization.

In Financial accounting, the journal entry is generally used by both bookkeepers and accountants for effective and efficient record purposes. This ultimately implies that, it is very important that a journal comprises the following information;

  • Date
  • Reference number.
  • Credit balance.
  • Transaction description.
  • Debit balance.

In this scenario, the proper journal entry to record this financial transaction consists of a debit Inventory and credit to Cost of Goods Sold for $1,500.

Read more on journal entry here: brainly.com/question/22279664

#SPJ1

4 0
2 years ago
If marginal cost is greater than average total cost, then
Ber [7]

Answer:

d. the average total cost is increasing.

Explanation:

The average total cost if the average cost of producing one unit, where as the marginal cost if the additional cost of producing an additional unit, so when the marginal cost is greater than the average total cost, it means that producing new units will drive the average total cost up because the cost to produce one more unit is more than the average total cost. This means that the new unit being produced costs more than the previous units produced if we take an average. We can also prove this mathematically.

If a factory produces 100 units, at a total cost of 10,000.

The average total cost if 10,000/100=100

If the marginal cost is greater than the average cost for example it is 150 then the total cost is 10,000+150=10,150

Also the average total cost will be 10,150/101=100.49

This shows that when the marginal cost is greater than average total cost the average total cost is increasing.

5 0
3 years ago
As posited by carroll’s pyramid, the first and foundational responsibility of organizations in the global economy is to:.
jonny [76]

The aim of making a profit consistent with expectations for international businesses is the first and foundational responsibility of organizations in the global economy is to.

<h3>What are international businesses?</h3>

An international businesses means a business that involves in national exchanges of goods, services, or resources.

In conclusion, the aim of making a profit consistent with expectations for international businesses is the first and foundational responsibility of organizations in the global economy is to.

Read more about international businesses

<em>brainly.com/question/4979112</em>

5 0
3 years ago
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