Which of the following is not an ecosystem

Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and Department

m_a_m_a [10]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The rate used is 100 percent of direct labor costs.

Baseball Bats - Tennis Rackets:

Sales revenue= $ 1,580,000 $ 1,125,000

Direct labor= 320,000 160,000

Direct materials= 564,000 293,000

First, we need to allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Baseball= 320,000*1= 320,000

Tennis= 160,000*1= 160,000

Baseball:

Sales= 1,580,000

COGS= (320,000 + 564,000 + 320,000)= (1,204,000)

Gross profit= $376,000

Tennis:

Sales= 1,125,000

COGS= (160,000 + 293,000 + 160,000)= (613,000)

Gross profit= $512,000

6 0

3 years ago

On July 1, a company paid the $3,360 premium on a one-year insurance policy with benefits beginning on that date. What will be t

kiruha [24]

Answer:

$1,680

Explanation:

Based On the information given if on July 1 the company paid the amount of $3360 as a premium on a year insurance policy which as well include benefits beginning on that date, What will be the insurance expenses on the annual income statement for the first year ended December is $1,680 Calculated as:

Insurance expenses=6/12*$3360

Insurance expenses=$1,680

Therefore What will be the insurance expenses on the annual income statement for the first year ended December is $1,680

8 0

2 years ago

Javonte Co. set standards of 2 hours of direct labor per unit of product and $15.80 per hour for the labor rate. During October,

IRISSAK [1]

Answer:

October

direct labor rate variance =$2,420 unfavorable

direct labor efficiency variance =$11,060 favorable

direct labor cost variance = $ 8,640 favorable

<em>Investigate : direct labor efficiency variance</em>

November

direct labor rate variance = $4,025 unfavorable

direct labor efficiency variance =$ 39,500 favorable

direct labor cost variance = $35,475 favorable

<em>Investigate : direct labor efficiency variance</em>

Explanation:

October

direct labor rate variance = (Aq × Ap) - (Aq × Sp)

= (12,100×$16) - (12,100×$15.80)

=$2,420 unfavorable

direct labor efficiency variance = (Aq × Sp) - (Sq × Sp)

=(12,100 × $15.80) - (6,400×2 ×$15.80)

=$11,060 favorable

direct labor cost variance = direct labor rate variance + direct labor efficiency variance

= $2,420 (A) + $11,060 (F)

= $ 8,640 favorable

November

direct labor rate variance = (Aq × Ap) - (Aq × Sp)

= (16,100×$16.05) - (16,100×$15.80)

= $4,025 unfavorable

direct labor efficiency variance = (Aq × Sp) - (Sq × Sp)

=(16,100 × $15.80) - (6,800×2 ×$15.80)

=$ 39,500 favorable

direct labor cost variance = direct labor rate variance + direct labor efficiency variance

= $4,025 (A) + $ 39,500 (F)

= $35,475 favorable

5 0

3 years ago

PLZ I NEED HELP THIS IS IN FOUNDATIONS BTW PLZ HELP WITH WORK. :/

lina2011 [118]

Answer:

i dont understand this, please give more info

Explanation:

8 0

2 years ago

On October 1, 2020 Bonita Industries issued 5%, 10-year bonds with a face value of $8090000 at 103. Interest is paid on October

V125BC [204]

Answer:

a credit of $242700 to Premium on Bonds Payable

Explanation:

Based on the information given The journal entry to record the issuance of the bonds would include a credit of $242700 to Premium on Bonds Payable which is calculated as:

Premium on Bonds Payable=[($8090000*103%)-$8090000

Premium on Bonds Payable=8,332,700-$8090000

Premium on Bonds Payable=$242700

Therefore The entry to record the issuance of the bonds would include a credit of $242700 to Premium on Bonds Payable

6 0

2 years ago