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Damm [24]
3 years ago
14

Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during

the current period, shows charges of $5,000 for direct materials, $8,000 for direct labor, and $6,000 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,500 for direct materials and $4,000 for direct labor.
Required:
Calculate the overhead cost be added to Job W at year-end
Business
1 answer:
finlep [7]3 years ago
6 0

Answer:

$3,000

Explanation:

Predetermined Overhead rate = Total estimated overhead cost  / Allocation base

Predetermined Overhead rate = Total estimated overhead cost/Total estimated labor cost * 100

Predetermined Overhead rate = 6,000/8,000 * 100

Predetermined Overhead rate = 0.75 * 100

Predetermined Overhead rate = 75%

Overhead cost to be added to Job W at the year-end = Direct labor cost for Job W * Predetermined overhead rate = $4,000 * 75% = $3,000

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anyanavicka [17]

Answer:

In the transfer of rights, Taylor is an assignor

<u>Explanation:</u>

An assignor is an individual, organization, or other substance that moves rights that they hold to another element. The assignor transfers to the trustee. For instance, a group the assignor that goes into an agreement to sell a bit of property can dole out the returns or advantages of the agreement to an outsider (the chosen one, for example, philanthropy or a trust.

The task of rights regularly happens upon death to deal with the perished home, or through an intensity of lawyer to manage lawful or budgetary undertakings of a person.

5 0
3 years ago
If the current price of a product is above the market equilibrium​ price, there is​ ________ of this product.
lana [24]

Answer:

Excess supply

Explanation:

Equilibrium price is the price where the demand curve equals the supply curve.

When price is above the equilibrium price, quantity supplied increases.

According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

If price is below the equilibrium price, there would be excess demand.

I hope my answer helps you

5 0
3 years ago
The basic economic issue concerning the FOR WHOM question is specifically interpreted to mean, who:_________.
marissa [1.9K]
B ) Who gets to consume the goods and services that are produced
8 0
3 years ago
Once the break-even point is reached, the sale of an additional unit increases contribution margin by an amount that is ______ t
rodikova [14]

Once the break-even point is reached, Once the break-even point is reached, the sale of an additional unit increases contribution margin by an amount that is equal to the increase in net operating income.

<h3>What is break even?</h3>

This refers to a point in which neither profit nor loss is attained by a business.

It is where there is no profit or loss is incurred by a firm hence you have to make just as much as what you are spending.

Learn more about breakeven here: brainly.com/question/21137380

#SPJ1

3 0
2 years ago
Through the generosity of an unknown benefactor, you have been given $50,000 with the following laughable requirement: start a b
Sergio [31]

<u>Answer:</u>

<u>What forms of business are available to you?</u>

Sole trader.

Partnership.

Limited company.

<u>What are the pros and cons of each option?</u>

Sole trader:

pros:

You Have Full Control

Ownership Over Profit

Setting Up as a Sole Trader is Easy

There’s Less Admin Involved

You Have More Privacy as a Sole Trader

You Can Offer a Personal Touch

You Can Easily Change Your Business Structure Later

cons:

Debt Liability

It Can Be More Difficult to Get Financing

You Make All the Decisions

You May Have Less Free Time

You Have Less Flexibility When it Comes to Tax

Your Business May Not Be as Appealing to Clients

Partnership:

pros:

Easy to get started

Sharing the burden

Access to knowledge, skills, experience and contacts

Better decision-making

Privacy

Easy access to profits

cons:

The business has no independent legal status

Unlimited liability

Limited access to capital

Potential for differences and conflict

Profits must be shared

Limited company:

pros:

You could end up paying less tax

It might be easier to attract investment

You’ll have limited liability protection

cons:

You’ll encounter more financial admin

You’ll face more rigid taxation rules

You’ll have less privacy than a sole trader

Which would you choose and why

I would choose a limited company as I am a new business and if my business fails then I will not need to lose my assets to pay off the business debt.

What challenges do you think you will face

Getting staff, especaily experienced ones.

Also raising brand awareness as I'm a new business and might have to invest a lot of money into promotion.

Also trying to break even within the first couple of months as the business will not be able to survive unless it passes this threshold.

5 0
2 years ago
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