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Lena [83]
3 years ago
7

Name and describe the three basic types of checking accounts.

Business
1 answer:
aliya0001 [1]3 years ago
7 0

Answer:

Traditional Checking Account. A traditional checking account offers the ability to write checks.  

Premium Checking Account.  

Interest-Bearing Checking Account.  

Rewards Checking Account.

Student Checking Account.  

Second Chance Checking Account.

Explanation:

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Yancey Productions is a film studio that uses a job-order costing system. The company's direct materials consist of items such a
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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Yancey applies its overhead cost to films based on direct labor-dollars.

At the beginning of the year, Yancey made the following estimates:

Direct labor dollars= 8,640,000

Fixed overhead cost= 5,184

Variable overhead cost per direct labor dollar= $0,21

To calculate the predetermined overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 5,184/8,640,000 + 0.21= 0.0006 + 0.21= $0.2106 per direct labor dollar

Now, we can calculate the allocated overhead for You Can Say That Again:

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

Allocated MOH= 0.2106*2,592,000= $545,875.2

8 0
3 years ago
What is the purpose of work teams ?
Nina [5.8K]

Answer:

The purpose of creating teams is to provide a framework that will increase the ability of employees to participate in planning, problem-solving, and decision-making to better serve customers. Increased participation promotes: A better understanding of decisions.

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3 years ago
Morganton Company makes one product and it provided the following information to help prepare the master budget:
TiliK225 [7]

Answer:

1. $1,540,000

2. $998,200

3. $924,000

Explanation:

1. The computation of the budgeted sales for July is shown below:-

Budgeted sales for July = Number of units × Sale price

= 22,000 × $70

= $1,540,000

2. The computation of expected cash collections for July is shown below:-

Expected cash collection for July = June accounts receivables + July cash sales

= (9,100 × $70 × 60%) + (22,000 × $70 × 40%)

= $998,200

3. The computation of the accounts receivable balance at the end of July is shown below:-

Accounts receivable for July = Number of units × Sale price  × Budgeted selling price per unit

= 22,000 × $70 × 60%

= $924,000

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