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marin [14]
3 years ago
11

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $96,000 and expected direct labor hours of 12,000 for

the current fiscal year. If job number 117 incurs 1,690 direct labor hours, Work in Process will be debited and Factory Overhead will be credited for
Business
1 answer:
Ipatiy [6.2K]3 years ago
6 0

Answer:

the work in process should be debited for $13,520 and factory overhead should be credited for $96,000

Explanation:

The computation is shown below;

Work in process is

= $96,000 ÷ 12,000 × 1,690

= $13,520

So here the work in process should be debited for $13,520 and factory overhead should be credited for $96,000

Therefore the same would be considered and relevant

The same is fit to the given situation

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Answer:

A technological choice

Explanation:

Here, what you care about is taking the dollar home in form of cash not necessarily the free lunch in the restaurants. This is an example of technological choice.

5 0
3 years ago
The following information was taken from the financial statements of Fox Resources for December 31 of the current fiscal year: C
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Answer:

Fox Resources

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6 0
3 years ago
If you were charged $1152 in taxes on a $2560 purchase. What percent tax were you charged
katen-ka-za [31]

Answer:

Percent tax = 45%

Explanation:

Given:

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Computation:

Percent tax = [Amount of tax charged / Amount of purchase]100

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6 0
3 years ago
Which of the following statements are TRUE about credit scores?
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3 years ago
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The Fed has decided to expand the money supply, leading to lower interest rates. As a partner in a tech start-up, you react to t
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Answer:

A, B and D

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Hope this helps.

8 0
3 years ago
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