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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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A negotiable instrument can function as a substitute for cash.
andreyandreev [35.5K]

1.A negotiable instrument can function as a substitute for cash.- TRUE

2. a time draft is payable at a definite future time. TRUE

3. promissory note payable to "bearer" is not negotiable. - FALSE (It is negotiable)

4. A certificate of deposit is a type of note. - TRUE

5. A signature can consist of a word, mark, or symbol. - TRUE

6.An instrument that promises to pay "in gold" can be negotiable.- FALSE ( Anything payable in the form of a commodity like gold cannot be negotiable)


5 0
2 years ago
A cleaning company uses 10 lbs each of chemicals A, B and C for each house it cleans. After some quality complaints, the company
VashaNatasha [74]

Answer:

D) 25%

Explanation:

Productivity can be described as a measure of profitability of the work done by a company. For example a sales department may measure productivity by number of closed sales in a week.

In this instance the cleaning company will consider cost reduction an increase in productivity.

They were using 10 lbs each for house A, B, and C (30 lbs). An additional 10 lb is used increasing total chemicals used to 40 lb.

The increase in chemical usage is a drop in productivity for the company as they are spending more.

The percentage drop in productivity is a proportion of the additional quantity of chemical to total chemicals used.

Percentage drop in productivity= (10/40)*100= 25%

3 0
2 years ago
The following information is available from the land account: Opening balance $270,000 Sold for $200,000 cash 170,000 credit ent
oee [108]

Answer:

a. cash received from sale of land, $200,000.

Explanation:

A statement of cash flows can be described as a financial statement that provides the summary of the amount of cash and cash equivalents that a company receives or pays during a particular period.

A cash flow statement presents how cash and cash equivalents are affected by changes in income and balance sheet accounts by breaking the analysis down to operating, investing, and financing activities.

As it can be seen above, investing activities is one of the three categories of activities that are reported in a statement of cash flows. Investing activities under the statement of cash flows therefore deals with the payments or receipts of cash and cash equivalents for the purchase and sale of long-term assets and other business investments during a particular period.

From the question, the only cash and cash equivalents transaction is the selling of land for $200,000 cash. Therefore, items in the Investing Activities section of the statement of cash flows should include cash received from sale of land, $200,000. The correct option is therefore a. cash received from sale of land, $200,000.

4 0
3 years ago
It is possible to use a decision making process for any decision.
loris [4]
I think so, but there may be some exceptions--if any.
6 0
3 years ago
Read 2 more answers
Suppose that prices in the United States rise relative to prices in France. We expect that (on the foreign exchange market) the
mixer [17]

Answer:

Decrease , Increase

Explanation:

Rising prices of goods and commodities in the United States would absolutely lead to a decrease in demand of the US dollars. This is principally due to the fact that, elsewhere, there is an alternative that costs lesser and hence, there would be a shift in sourcing, making the US dollars weakens.

Now, it is established that demand and supply are an inverse relationship. Due to the fact that demand is low, there’ would be an increase in supply of the currency in the foreign exchange market died to tube fact that there has been an increase in supply for it

4 0
3 years ago
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