4. An efficient economy is one that

Group Policy is an automated management tool with which you can set a policy once and allow it to apply to all users and compute

Fudgin [204]

Answer:

the statement is True

Explanation:

5 0

3 years ago

Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2

Vikki [24]

Answer:

a. The predetermined overhead rate for 2017,

=Total Manufacturing overhead costs / direct labor Costs

= $840,000/100,000= $ 1.2 / direct labor or 120% of direct labor cost.

b. Raw materials Inventory $ 90,000 Dr.

Accounts Payable $ 90,000 Cr.

To record the purchase of raw materials on account

Direct Labor $ 70,000 Dr.

Wages Payable $ 54,000 Cr

Payroll Taxes $ 16,000 Cr

To record factory labor costs incurred.

Indirect materials $ 17,000 Dr

Indirect labor $ 20,000 Dr

Depreciation expense $ 12,000 Dr

Other manufacturing costs $ 16,000 Dr

Manufacturing Overhead Control Account $ 65,000 Cr.

To record Manufacturing Overheads incurred.

c. Work In Process $ 189,000 Dr

Job 50 Raw materials $ 10,000 Cr

Job 51 Raw materials $ 39,000 Cr

Job 52 Raw materials $ 30,000 Cr

Job 50Direct Labor $ 5000 Cr

Job 51 Direct Labor $ 25000 Cr

Job 52 Direct Labor $ 20,000 Cr

Job 50 Manufacturing Overhead ( 1.2 * 5000) $ 6000Cr

Job 51 Manufacturing Overhead ( 1.2 * 25000) $ 30,000Cr

Job 52 Manufacturing Overhead ( 1.2 * 20,000) $ 24,000Cr

To record the materials, direct labor and manufacturing costs to Job 50,51 and 52. It can be summarized as follows

Work In Process $ 189,000 Dr

Raw materials $ 79,000 Cr

Direct Labor $ 50000 Cr

Manufacturing Overhead ( 1.2 * 50000) $ 60000Cr

6 0

3 years ago

Sophia's family is growing, and she needs to buy a bigger car by financing it for five years. Why is it important for her to che

GalinKa [24]

Answer:

To verify the accuracy of his rental history

Explanation:

Based on the scenario in the question, it is it important for Christian to check the information recorded on his credit report so as to verify the accuracy of his rental history.

He has to verify his rental history so as to know if there's a mistake or if the details written are not correct. To apply for the mortgage, he needs to ensure that the details are correct.

Explanation:

4 0

3 years ago

Tina specializes in newspaper print layout. Unfortunately, her newspaper transformed into a digital-copy only and she was laid o

mr_godi [17]

Answer:

Structural

Explanation:

It is correct to say that Tina's scenario is an example of structural unemployment, that there are structural economic changes, which can have several different reasons, in the case of the above question, the structural change was caused by a technological change that made the newspaper where Tina worked if she scanned, and Tina's skills were not sufficient to keep up with such changes, which resulted in her resignation.

This is a type of long-term unemployment, which can negatively impact a society, with a large number of people unemployed and disqualified for current job openings, to reduce this problem, it is necessary that companies invest in training programs and effective qualifications so that its employees can follow the structural changes that occurred in their jobs.

6 0

3 years ago

1. As time passes, fixed assets, other than land, lose their capacity to provide useful services. To account for this decrease i

Feliz [49]

Answer:

The correct option is b. depreciation

Explanation:

For allocation of fixed assets to expense, the following options is available which is shown below:

1. Equipment allocation : The equipment allocation is not decrease its value neither its usage. So, it would not be considered.

Hence, this option is incorrect.

2. Depreciation : Depreciation is a decrease value of assets due to tear, wear, obsolescence of the fixed assets. Moreover, the usage of the assets is also less than before. The production level goes decreasing with passage of time.

Hence, this option is correct.

3. Accumulation: In simple words, accumulation means something which is acquired. But this thing is not match what the question has asked.

So, this option is not right.

4. Matching: The matching principle matches the expenditure with its income on that period. But in the given question, the value of the asset is decrease so, it would be a wrong option as it is not related to the decreasing value, or capacity value.

Hence, this option is incorrect.

Thus, The correct option is b. depreciation

5 0

3 years ago