Ask question

Ask question

All categories

2 years ago

12

The difference between overhead applied to work in process and actual overhead is ______. Multiple choice question. ending work

in process inventory cost of goods manufactured adjusted cost of goods sold overapplied or underapplied overhead

1 answer:

FromTheMoon [43]2 years ago

5 0

debits Depreciation expense, while the other debits Manufacturing overhead

Yw and pls mark me as brainiest

You might be interested in

During Year 1, Fox Co. introduced a new product carrying a two-year warranty against defects. The estimated warranty costs relat

Olin [163]

Answer:

D) $14,250

Explanation:

In order to determine the total warranty liability that Fox must report in its December 31, 2014, balance sheet, we must multiply the total sales for both 2013 and 2014 by the estimated warranty expenses and then subtract the incurred warranty expenses:

total sales during 2013 and 2014 = $150,000 + $250,000 = $400,000
estimated warranty expenses = 2% + 4% = 6%
incurred warranty expenses = $2,250 + $7,500 = $9,750

warranty liability = ($400,000 x 6%) - $9,750 = $24,000 - $9,750 = $14,250

6 0

4 years ago

Pharoah Company purchased a new machine on October 1, 2019, at a cost of $138,000. The company estimated that the machine will h

andre [41]

Answer:

A. $29,000

B. $19,720

C. $69,000

$34,500

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($138,000 - $22,000) / 4 = $29,000

Unit of activity = Cost of asset - Salvage value) / Total working hours

= ($138,000 - $22,000) / 10000 = $11.6

$11.6 × 1700 = $19,720

Double declining method = Depreciation factor × net book value

Depreciation factor = 2 × (1/useful life)

2(1/4) = 0.5

0.5 × $138,000 = $69,000

Net book value = $138,000 - $69,000 = $69,000

Depreciationexpense for the second year = 0.5 × $69,000 = $34,500

I hope my answer helps you

5 0

3 years ago

Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $28,000 were put

elena55 [62]

Answer:

Part 1. Calculate the total prime cost for last week

Direct materials 28,000

<u><em>Add </em></u>Direct labor 28,000

Prime Cost 56,000

Part 2. Calculate the per-unit prime cost

per-unit prime cost=$56,000/5,600

=$10.00

Part 3. Calculate the total conversion cost for last week

Direct labor 28,000

<u>Add </u>Manufacturing Overheads 55,000

Total conversion cost 83,000

Part 4. Calculate the per-unit conversion cost.

per-unit conversion cost=$83,000/5,600

=$14.82

Explanation:

Part 1. Calculate the total prime cost for last week

Prime Cost = Direct Materials + Direct Labor

Part 2. Calculate the per-unit prime cost

Per Unit Prime Cost = total prime cost/number of units manufactured

Part 3. Calculate the total conversion cost for last week

Conversion Cost = Direct Labor + Manufacturing Overheads

Part 4. Calculate the per-unit conversion cost.

Per-unit conversion cost =Total Conversion Cost / number of units manufactured

7 0

3 years ago

Normally, a person with a high level of education makes more money than a person without an education.

WITCHER [35]

Answer: true

Explanation:

8 0

3 years ago

Even when competitive firms are unable to calculate marginal revenue product directly, _________________________________________

GenaCL600 [577]

Even when competitive firms are unable to calculate marginal revenue product directly, the pressures of competition in the labor market will push wage rates toward the marginal revenue product of labor.
By comparing the marginal revenue<span> and </span>marginal<span> cost from each unit produced, a </span>firm<span> in a </span>competitive<span> market can </span>determine<span> the </span>profit<span>-maximizing level of production.</span>

5 0

3 years ago

Read 2 more answers