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Reynolds Manufacturers Inc. has estimated total factory overhead costs of $96,000 and expected direct labor hours of 12,000 for

Ipatiy [6.2K]

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

6 0

3 years ago

Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,470 May 3,830 June 4,570 July

Ne4ueva [31]

Answer:

1. Production units for April 3,650 units

Production units for May 4,200 units

Production units for June 4,370 units

2. Budgeted cost of materials for April = $ 21,980

Budgeted cost of materials for April = $ 23,996

Explanation:

Computation of budgeted production units

April May June

Units Units Units

Ending Inventory - 50 % of next month 1,915 2,285 2,085

Add: Sales 3,470 3,830 4,570

Less: Opening Inventory-50% of current month ( 1,735) (1,915) (2,285)

Production units for the month 3,650 4,200 4,370

Computation of cost of materials

Units production 3,650 4,200 4,370

Material requirement per unit - 2 pounds

Total material requirement for production 7,300 8,400 8,740

Closing inventory-50% next month production 4,200 4,370

Opening inventory-50% of current production ( 3,650) (4,200)

Total material requirement for production 7,850 8,570

Cost per pound of direct material $ 2.80

Total direct material Budget $ 21,980 $ 23,996

4 0

2 years ago

If someone dies without a will, who handles the distribution of the person’s estate?

Kruka [31]

When this happens, the intestacy laws of the state where you reside will determine how your property is distributed upon your death. so D is the right answer

4 0

3 years ago

When a firm operates under conditions of monopoly its price is:?

Amiraneli [1.4K]

Havent you played monoply?

4 0

3 years ago

Score skateboard company is a small firm that designs and manufactures skateboards for high school and collage students who want

ikadub [295]

Answer:

a. $1553

b. $1,303

c. $5,618

Explanation:

SUTA is 5.4% for employees if the total salary is below $7,000

In the provided scenario the salary is less than that as $7,000/6 employees = $1,167 each employee. The maximum salary is $1,100 in the scenario.

a.

SUTA = $7,000 * 5.4%

SUTA = $378

Retirement Fund = $75

Gross Salary = $1,100

$378 + $75 + $1,100 = $1553

b.

SUTA = $7,000 * 5.4%

SUTA = $378

Retirement Fund = $75

Gross Salary = $850

$378 + $75 + $850 = $1,303

c.

SUTA = $7,000 * 5.4%

SUTA = $378 * 6 employees

SUTA = $2,268

Retirement Fund = $75 * 6 employees

Retirement Fund = $450

Gross Salary = $150 * 4 employees

Gross Salary = $600

Gross Salary = $1,150 * 2 employees

Gross Salary = $2,300

Total Gross Salary = $2,900

Total Gross Pay = $2,268 + $450 + $2,900

Total Gross Pay = $5,618

8 0

3 years ago