Answer:
Cost of goods manufactured 655,900
Explanation:
<em>First, we add the three cost component:</em>
materials used in production 62,100
direct labor 198,200
overhead 403,100
total cost added during the period 663,400
<em>Then, using the WIP beginning and ending figures, we solve for cost of goods manufactured</em>
WIP january 1st 187,500
cost added 663,400
WP endind <u> (195,000) </u>
Cost of goods manufactured 655,900
Answer:
Enterprise social media network.
Explanation:
Enterprise social media network is the use of social network to link people who share common interest. Enterprise social network could be internal to a business such as Yammer, communicator which are meant to communicate among employees or external to a business such as use of Google+ or other social media network platforms which connects a business to it's customers.
The advantage of Enterprise social media networks is that they can be searched such that people can follow, tag or view activity. Here, users can check and send messages conveniently and efficiently to people compare to email alone.
With regards to the above scenario, Xochi should use Enterprise social media network tool to search and manage information.
Explanation:
The journal entry to close the books is
Cost of Goods sold A/c Dr $1,200
To Manufacturing Overhead A/c $1,200
(Being the under-applied overhead is recorded)
Since the jobs were undercosted, that means the overhead is applied under overhead so we debited the cost of goods sold account and credited the manufacturing overhead account. Both the items are recorded for $1,200
Answer:
1. Allocation Base
Definition: A measure that causes or influences the incurrence of a cost.
2. Direct Labor Time
Definition: A source document that shows how a worker spent time each week.
3. Ticket Indirect Costs
Definition: Costs not easily traceable to producing a product, job or service.
4. Job Coat Shoot
Definition: A detailed record of costs incurred to complete a specific job.
5. Job Order Costing
Definition: An accounting system used by companies that offer customized or unique products or services.
6. Materials Requisition Form
Definition: A form that lists the quantity of direct materials to be used in a job.
7. Overapplied Overhead
Definition: The amount of actual overhead is less than the applied overhead.
8. Underapplied Overhead
Definition: The amount of actual overhead is greater than the applied overhead.
9. Predetermined Overhead
Definition: Estimated manufacturing overhead divided by estimated cost driver.
10. Rate Process Costing
Definition: An accounting system used by companies to make standardized or homogeneous products or services.
Answer:
unchanged, higher
Explanation:
The discouraged workers are those workers who can do work but at current they are not employed and are not looking for the work or they are unemployed since long
In the given case, there are approximate 5,000 discouraged workers who are looking for job but the population would remain unchanged and the number of people in the labor force would be risen or high
