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frozen [14]
3 years ago
7

Consider the following job costing system, where manufacturing overhead is applied to Work-in-Process using a predetermined annu

al overhead rate. During February, the company's transactions included the following: Direct materials issued to production $100,000 Indirect materials issued to production $18,000 Manufacturing overhead incurred $135,000 Manufacturing overhead applied $123,000 Direct labor costs $117,000 The company had neither beginning nor ending inventory in Work-in-Process Inventory. What was the cost of jobs completed in February
Business
1 answer:
anyanavicka [17]3 years ago
7 0

Answer:

The correct response is "$340,000".

Explanation:

The given values are:

Direct issued materials,

= $100,000

Direct labor costs,

= $117,000

Applied manufacturing overhead,

= $123,000

Indirect issued materials,

= $18,000

Now,

In February, the cost of completed jobs will be:

= Direct \ issued \ materials +Direct \ labor \ costs+Applied \ manufacturing \  overhead

On substituting the given values, we get

= 100,000+117,000+123,000

= 340,000 ($)

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One year ago, Deltona Motor Parts deposited $16,500 in an investment account for the purpose of buying new equipment three years
IgorC [24]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

One year ago, Deltona Motor Parts deposited $16,500 in an investment account to buy new equipment three years from today. Today, it is adding another $12,000 to this account. The company plans on making a final deposit of $20,000 to the account one year from today.

To calculate the future value of the investment, we need to use the following formula:

FV= PV*(1+i)^n

First deposit= 16,500*(1.045^4)= 19,676.56

Second deposit= 12,000*(1.045^3)= 13,694

Third deposit= 20,000*(1.045^2)= 21,840.5

Total= $55,211.06

5 0
3 years ago
The office manager asks you for advice on how to structure a request letter with numerous questions. What advice would you give?
damaskus [11]

Answer:

Itemize or bullet information and questions and use parallel form for balanced construction.

Explanation:An office manager is a person appointed specifically for the purpose of ensuring that an office is organised and managed in such a way to signify best practices. An office manager is known as the person in charge of the Administration of the various segments and Activities of the office.

One of the key roles or requirements of an office manager is to ensure that all communications,letters and correspondence are effectively handled.

An office manager is also well detailed on the itemization, bulleting and the use of parallel forms for balanced construction of letters,memos and other correspondence.

4 0
4 years ago
Larimore Company prepares bank reconciliations that adjust to the correct balance of cash, based on the following: Outstanding c
Kipish [7]

Answer:-

$3,731

Explanation:

The computation of the adjusted cash balance is shown below:

= Unadjusted book balance + Note collected for Larimore by bank - Bank service charges - correctly amount recorded - NSF checks

= $3,299 + $550 - $27 - $9 - $82

= $3,731

The correctly amount would be

= $98 - $89

= $9

All other transactions are related to the bank balance. So, we do not consider it

8 0
3 years ago
g 5. Characteristics of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is
ArbitrLikvidat [17]

Explanation:

An oligopoly can be defined as an imperfect competition market structure, it works when in an economic sector there are few companies offering a good or service, that is, the market is homogeneous and with differentiated services, as companies seek a degree differentiation to win customers.

Some characteristics of the oligopoly are: few price variations, which can affect the consumer, since there are few companies operating in the oligopolistic market, the possibilities of choice are reduced. There is also the difficulty of entry for new competitors, since there are few dominant companies in the market and we can also mention the dependence between companies in the market in which there is an oligopoly, since the actions of one will consequently affect the entire market and the companies present .

The oligopoly arises when there is an imbalance between supply and demand, which means that the active companies have greater control over the market and the prices charged.

6 0
3 years ago
A company's balance sheet shows: cash $26,000, accounts receivable $32,000, equipment $54,000, and equity $74,000. What is the a
nignag [31]

Answer: $38,000

Explanation:

Given that,

Company's balance sheet shows that,

Cash = $26,000

Accounts receivable = $32,000

Equipment = $54,000

Equity = $74,000

Liabilities = Cash + Accounts receivable + Equipment - Equity

                = $26,000 + $32,000 + $54,000 - $74,000

                = $38,000

Therefore, the amount of liabilities is $38,000.

7 0
4 years ago
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