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
stealth61 [152]
2 years ago
5

g The Work in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $

4,400 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $2,000 and direct labor cost of $800. Therefore, the company's overhead application rate is: Group of answer choices 200% of direct labor cost. 50% of direct labor cost. 80% of direct labor cost. 40% of direct labor cost. 300% of direct labor cost.
Business
1 answer:
poizon [28]2 years ago
6 0

Answer:

200% of direct labor cost

Explanation:

The computation of the company overhead application rate is shown below;

But before that overhead cost would be determined

GIP = Direct material + Direct labor + Overhead

$4,400 = $2,000 + $800 + Overhead

So,

Overhead = $4,400 - $2,000 - $800

= $1,600

Now the overhead application rate is

= overhead ÷ direct labor cost

= $1,600 ÷ $800 × 100

= 200%

You might be interested in
WILL GIVE BRAINLIEST Analyze an example of government failure in U. S. economic history.
Gnesinka [82]
Financial de-regulation from the Reagan Administration in the 80's had the largest impact on the financial crisis of 2008.
5 0
3 years ago
Jing Company was started on January 1, Year 1 when it issued common stock for $28,000 cash. Also, on January 1, Year 1 the compa
denpristay [2]

Answer:

5,280 net income for the Year 3

Explanation:

This would be the situation:

17,400 revenue

11,000 expenses

gain/loss on sale of equipment

= net income year 3

To know the result of the sale of equipment we have to do

sales price - book value = gain/loss on sale of equipment

8900         -  book value   = gain/loss

We have to determinate the book value.

book value = adquisition cost - acumulated depreciation

The equipment cost 15,200 + 1,300 transportation cost = <u>16,500 Adquisition Cost</u>

acumulated depreciation = depreciation per year * 3 years

and depreciation per year is:

\ $ depreciation per year $= \frac{Adquisition Value - Salvage Value }{Useful Life}

Here we have all the values, so we stop digging and start solving.

  • <em>depreciation </em>= (16,500-5,700)/5 = 2,160
  • <em>acumulated depreciation</em> = 2,160 * 3 = 6,480
  • <em>book value</em> = 16,500 - 6,480 = 10,020
  • <em>gain/loss </em>= 8,900 - 10,020 = -1,120 LOSS on sale of Equipment

net income = 17,400 - 11,000 - 1,120 = 5,280 net income for the Year 3

6 0
3 years ago
If people refused to use banks to create checkable deposits, the banking system would:___.
irinina [24]

If people refused to use banks to create checkable deposits, the banking system would not be able to create new money.

Checkable deposits include all accounts on which checks can be drawn. These deposits allow the owner of bank account to write checks to third parties. Also, they are very liquid assets that allow depositors to have an easy access to their funds.

For these reason, checkable deposits generally are important but also one of the lowest-cost source of bank funds, covering a large share of bank liabilities. Thus, banks create money by lending excess reserves to consumers and businesses.

Hence, if people refused to use banks to create checkable deposits, the money multiplier decreases.

To learn more about Checkable deposits here:

brainly.com/question/15867820

#SPJ4

7 0
1 year ago
free pdf community revival in the wake of disaster: lessons in local entrepreneurship (perspectives from social economics)
Bogdan [553]

According to Community Revival in the Wake of Disaster, entrepreneurs, broadly considered as those who spot and seize opportunities to foster social change, fulfill this crucial function.

    It can be challenging to recover after natural disasters like tsunamis, hurricanes, earthquakes, and floods. Residents of communities must be able to both obtain the resources they need for reconstruction and get around the issue of collective action that plagues post-disaster relief efforts.

    The community revival in the wake of disaster illustrate how entrepreneurs support community recovery by providing necessary goods and services, restoring and replacing disrupted social networks, and signaling that community rebound is likely and, in fact, underway. The recovery efforts following Hurricanes Katrina and Sandy in New Orleans, Louisiana, and Rockaway, New York, are used as examples. They contend that encouraging businesses to take action after natural disasters is crucial for establishing recovery and resilient communities.

To learn more about natural disaster click here:

brainly.com/question/932110

#SPJ4

3 0
1 year ago
The major advantage of debt financing is the: Group of answer choices number of different sources from which it is available amo
Eduardwww [97]

The major advantage of debt financing is the number of different sources from which it is available amortization benefits.

It is referred to as debt financing when a business takes out a loan that will be repaid with interest at a later time. A secured or unsecured loan could be used to finance it. To finance operating capital or an acquisition, a company will take out a loan.

A party, the debtor, is obligated by a debt to pay another person, the creditor, money or another agreed-upon value. In contrast to an immediate purchase, debt involves deferred payments or a series of payments.

Learn more about debt financing here brainly.com/question/26895906

#SPJ4

3 0
1 year ago
Other questions:
  • Brief Exercise 5-3 Flint Company buys merchandise on account from Windsor, Inc.. The selling price of the goods is $1,050, and t
    14·1 answer
  • A firm just paid an annual dividend of $1.00 today. The dividend is expected to growth at a rate of 14% for the next three years
    14·1 answer
  • What is the slope of the line represented by the equation y=-2/3<br>- 5x?​
    10·1 answer
  • g Which of the following is true? Partial equilibrium analysis will:3)A)understate the impact of a tax for complements and overs
    11·1 answer
  • At Rolce Technologies, the core design team of 10 employees has daily "stand-up" meetings. All the core design team members gath
    13·1 answer
  • Carl is unemployed because he was laid off from his construction job when the housing market crashed. this is an example of fric
    7·1 answer
  • A _____ is a person who specializes in matching jobs with people and usually works only with higher level positions.
    5·1 answer
  • Revenue &amp; Sales Corporation and Software, Inc., enter into a contract for the design of custom software for which Revenue &a
    5·1 answer
  • Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 130 shares of its common st
    15·1 answer
  • If the banking system has demand deposits of $100,000, total reserves equal to $15,000, and a required reserve ratio of 10 perce
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!