1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
viva [34]
2 years ago
12

davis corporation is preparing its manufacturing overhead budget for the fourth quarter of the year the budgeted variable manufa

cturing overhead rate is $1.70 per direct labor-hour; the budgeted fixed manufacturing overhead is $116,000 per month, of which $30,000 is factory depreciation. If the budged direct labor time for october is 8,000 hours, then the total budgeted manufacturing overhead for october is
Business
1 answer:
julia-pushkina [17]2 years ago
6 0

Answer:

$129,600

Explanation:

Calculation for want the total budgeted manufacturing overhead for october is

Using this formula

Total budgeted manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing overhead

Let plug in the formula

Total budgeted manufacturing overhead= (8,000 × $1.70) + $116,000

Total budgeted manufacturing overhead = $13,600 + $116,000

Total budgeted manufacturing overhead= $129,600

Therefore the total budgeted manufacturing overhead for october is $129,600

You might be interested in
A local government operates on a calendar-year basis. Prepare journal entries to record the following transactions and events fo
sergeinik [125]

Answer:

Feb. 1     DR Cash                                                 $400,000

                  CR Tax anticipation notes                                     $400,000

Dec 31   DR Expenditures - Interest                       $3,666.67

                    CR Accrued Interest Payable                               $3,666.67                  

Working

February to December = 11 months

Interest = 400,000 * 1.0% * 11/12 months = $3,666.67

April 1      DR Investments                                          $100,000

                     CR Cash                                                                  $100,000

Sept. 30   DR Cash                                                    $50,200

                      CR Investments                                                        $50,000

                            Interest Income                                                        $200  

Working

Interest Income = 50,000 * 0.8% * 6/12 months

= $200

3 0
2 years ago
Pincus Associates uses the allowance method to account for bad debts. During 2021, its first year of operations, Pincus provided
Gemiola [76]

Answer:

What journal entry did Pincus record to write off uncollectible accounts during 2021

Dr Allowance for Uncollectible Accounts $ 6,300

Cr Accounts receivable $ 6,300

What journal entry did Pincus record to recognize bad debt expense for 2021?

Dr Bad Debt Expense $ 8,040

Cr Allowance for Uncollectible Accounts $ 8,040

Explanation:

Pincus provided a total of $156,000 of services on account.  

Dr Accounts receivable $ 156,000

Cr Sales $ 156,000

In 2021, the company wrote off uncollectible accounts of $6,300  

Dr Allowance for Uncollectible Accounts $ 6,300

Cr Accounts receivable $ 6,300

By the end of 2021, cash collections on accounts receivable totaled $132,300.  

Dr Cash $ 132,300

Cr Accounts receivable $ 132,300

Balances on Accounts 31.12.2012 before adjustment  

Accounts receivable CREDIT $ 17,400

Allowance for Uncollectible Accounts DEBIT $ 6,300

Pincus estimates that 10% of the accounts receivable balance at 12/31/2021 will prove uncollectible.  

Dr Bad Debt Expense $ 8,040

Cr Allowance for Uncollectible Accounts $ 8,040

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of estimated value.

Because the company already has a DEBIT balance ($6,300) in the Allowance for Doubtful Accounts  it's necessary to register an entry that COMPLEMENT ($8,040) the existing value and reflect the value estimated as bad debts ($1,740).

Bad Debt Expense = $8,040 - $6,300 = $1,740

It's necessary to reflect $1,740 in the Allowance for Uncollectible Accounts as Credit, so we need an entry of $8,040.

7 0
3 years ago
Which of these is NOT a barrier to trade?
Anton [14]

Answer:

All the options are correct

7 0
2 years ago
Study the entries in Lupe’s records in the CloseReader.
Oxana [17]

Answer:

11/15 paycheck

Explanation: The amount should of been in the deposit section

6 0
2 years ago
Read 2 more answers
One major difference between a merchandiser’s master budget and a manufacturer’s master budget is that A : a merchandiser does n
goldfiish [28.3K]

Answer:

A

Explanation:

A merchandise prepares a budget in line with the Trading profit and loss Account, while a Manufacturer prepares a budget in line with the Manufacturing and profit and loss account.. under the Manufacturing account we have prime cost which consist of direct labor, direct material and direct expenses. then add it to Manufacturing overheads.

5 0
3 years ago
Other questions:
  • Galaxy Products is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under P
    10·1 answer
  • "cat chaser. annette, who is angry because her neighbor, william, allows his dog to chase her cat, decides that she wants to get
    9·1 answer
  • Brian lives in Denver and runs a business that sells pianos. In an average year, he receives $704,000 from selling pianos. Of th
    7·1 answer
  • The Leaves of Green restaurant chain does not permit employees at corporate headquarters to work flextime schedules. The CEO spo
    8·1 answer
  • If demand for personal computers increases as a result of an increase in income, a. personal computers must be a normal good b.
    12·1 answer
  • Splish Brothers Inc. accepted a national credit card for a $11200 purchase. The cost of the goods sold is $7200. The credit card
    6·1 answer
  • The following labor standards have been established for a particular product:
    5·1 answer
  • With a tax of $4,000 on $20,000 of
    14·1 answer
  • Carol Byrd gets a student rate of $30.00 a month for health insurance. There is a $250 deductible. She recently received treatme
    8·1 answer
  • Interest is capitalized when incurred in connection with the construction of plant assets because_______.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!