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babymother [125]
3 years ago
9

 Under Eagle Co.'s job order costing system, manufacturing overhead is applied to Work-in-Process using a predetermined annual

overhead rate. During February, Eagle's transactions included the following:
Direct materials issued to production $90,000
Indirect materials issued to production 8,000
Manufacturing overhead incurred 125,000
Manufacturing overhead applied 113,000
Direct labor costs 107,000
Eagle had neither beginning nor ending inventory in Work-in-Process Inventory.
Required:
(a) What was the cost of jobs completed in February? (CPA adapted)
Business
1 answer:
Elina [12.6K]3 years ago
5 0

Answer:

Cost of jobs completed in February=

Direct materials issued to production+

Direct labor costs+

Manufacturing overhead applied

=(96000+113000+119000)

=$328000(B).

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Wie Corp's sales last year were $315,000, and its year-end total assets were $355,000. The average firm in the industry has a to
irakobra [83]

Answer:

Assets must decrease by 223,750

Explanation:

the total assets turnover is calcualte as follows:

\frac{sales}{assets}

As the new CFO jsut want to reduce assets and not to put the effort to increase sales as it see it less likely It will reduce assets (lower the credit term, lower inventory stocks among other measurements)

our goal is a value of 2.4 with sales of 315,000

\frac{315,000}{Assets}  = 2.4\\Assets = 315,000 \div 2.4\\

Assets = 131.250‬

currently the assets are 355,000

we need to redue it to 131,250 so we need a decrease in the order of:

355,000 - 131,250 = 223,750

7 0
3 years ago
Despite Alisa’s request for a 7% wage increase for workers with seniority, Katherine flat out rejects the request and cites the
inysia [295]

Answer:

Legitimate power.

Explanation:

Legitimate power is one that a person hold as a result of their position in an organisation.

They formally hold a position if authority that enables them exercise such power.

For example in the community the police has the authority to arrest law offenders.

This type of authority tends to be on official matters that have a set guideline.

In the given scenario Katherine rejects Alisa’s request for a 7% wage increase for workers with seniority and cites the fact that the company has a salary freeze for all employees.

The freeze is an official guideline in place within the organisation, and Katherine is enforcing it.

8 0
3 years ago
Rosy's Sweet Treats is a small-scale restaurant that gets its supplies from Widget Suppliers that takes legal possession of the
natali 33 [55]

Answer:  D) Cash and carry wholesaler

Explanation: Cash and carry wholesaler is function that place in the wholesale field.It differs from the regular mechanism of retail, in this sector the goods are traded from wholesale field by paying extra payment for delivery, opting self- transportation etc.

The Rosy Sweets Treat's workers visit the Widget suppliers warehouse on monthly basis because they have opted for self transportation to carry the goods from warehouse to restaurant due to less space available for keeping the goods in restaurants and meet the huge amount of merit-in sales.

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6 0
3 years ago
A company that makes modular bevel gear drives with a tight swing ratio for optimizing fork-lift vehicles was told that the inte
Troyanec [42]

Answer:

The APY is 14.9%

Explanation:

To find the annual percentage yield we need to compute the effective annual rate of interest.

The Effective annual rate of return(EAR) is the equivalent rate to be paid where compounding is done frequently at period or interval less than a year.

Compounding implies the regular interval when interest is always computed; in this scenario, it is monthly.

The EAR can be worked out as follows

EAR = ( (1+r)^m - 1 ) × 100

r- interest rate per period

m- number of periods in a year

EAR - Effective annual rate

r = 3.5%/3 = 1.167 % per month

m= number of months in a year = 12

EAR =( 1.01167^12-1)× 100 = 14.9%

The APY is 14.9%

This implies the quoted interest rate of 3.5% per quarter is the same as paying 14.9% per year

5 0
3 years ago
In your progress report, you want the Work Completed section to follow your Summary of Costs. To
iren [92.7K]

Answer:

The best way would be over email is the best way to get your report to ...

Explanation:

<h2>MARK ME BRAINLIEST PLZZZZZZZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzz</h2>
4 0
3 years ago
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