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dexar [7]
2 years ago
8

The Work in Process Inventory account of a manufacturing company has a $3,550 debit balance. The company applies overhead using

direct labor cost. The cost sheet of the only job still in process shows direct material cost of $1,610 and direct labor cost of $870. Therefore, the amount of applied overhead is:
Business
1 answer:
DanielleElmas [232]2 years ago
5 0

Answer:

$1,070

Explanation:

Calculation to determine the amount of applied overhead is:

Using this formula

Applied overhead = Total cost of WIP - Direct materials - Direct labor

Let plug in the formula

Applied overhead= $3,550 - $1,610 - $870

Applied overhead=$1,070

Therefore the amount of applied overhead is:$1,070

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Wes Motors has total assets of $98,300, net working capital of $11,300, owners' equity of $41,600, and long-term debt of $38,600
Molodets [167]

Answer:

Current Assets = $29,400

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Total Assets = Total Liabilities + Owner's Equity

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Current Liabilities = $98,300 - $38,600 - $41,600  

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Net Working Capital = Current Assets - Current Liabilities

$11,300 =  Current Assets - $18,100

Current Assets = $11,300 +$18,100  

Current Assets = $29,400

6 0
3 years ago
Analysis reveals that a company had a net increase in cash of $22.420 for the current year. Net cash provided by operating activ
antoniya [11.8K]

Answer: 4,840

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The beginning cash balance = The year-end cash balance - $22,310

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The beginning cash balance =  $27,150 - $22,310 = $4,840

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