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Nadya [2.5K]
3 years ago
9

During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo

r general factory use. Factory overhead applied to production was $32,000. The entry to record the actual factory overhead costs incurred is a. Factory Overhead32,000 Accounts Payable32,000 b. Accounts Payable25,000 Factory Overhead25,000 c. Work in Process25,000 Wages Payable25,000 d. Factory Overhead25,000 Wages Payable25,000
Business
1 answer:
Vadim26 [7]3 years ago
3 0

Answer:

Correct option is D

Explanation:

Factory Overhead         $25,000  

Wages Payable  $25,000

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What does this word Otorhinolaryngologist mean?
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Answer:

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Explanation:

8 0
2 years ago
Swifty Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each produc
Katen [24]

Answer:

$10.60 per direct labor hour

Explanation:

Calculation for the overhead rate

First step is to calculate the Direct labor hours for car wheels using this formula

Direct labor hours for car wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for car wheels= 40,000 * 1

Direct labor hours for car wheels= 40,000 hours

Second step is to calculate Direct labor hours for Truck wheels using this formula

Direct labor hours for Truck wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for Truck wheels= 10,000 * 3

Direct labor hours for Truck wheels= 30,000 hours

Third step is to calculate the Total direct labor hours

Total direct labor hours = 40,000 + 30,000

Total direct labor hours=70,000 hours

Now let calculate the Overhead rate using this formula

Overhead rate = Total estimated overhead costs / Total direct labor hours

Overhead rate= $742,000 / 70,000 hours

Overhead rate= $10.60 per direct labor hour

Therefore Overhead rate is $10.60 per direct labor hour

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2 years ago
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Answer: the correct answer is letter D. the nominal interest rate is the stated interest rate whereas the real interest rate is the nominal interest rate minus the inflation rate.

Explanation: in financial maths when you speak about "real" rates you should consider the inflation impact.

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3 years ago
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