The Work in Process inventory account of a manufacturing firm shows a balance of $3,000 at the end of an accounting period. The job cost sheets of the only two uncompleted jobs show charges of $500, & $300 for materials, & charges of $400 & $600 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of:A) 83%. B) 120%. C) 40%. D) 300%
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The Work in Process inventory account of a manufacturing firm shows a balance of $3,000 at the end of an accounting period. The job cost ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In 2011 modern electronics produce 60,000 calculators, employing 80 workers, each of whom worked 8 hours per day. In 2012, the same firm produce 76,500 calculators, employing 85 workers, each of whom worked 10 hours per day.
Answers (1)
Which of the following best describes how new information systems can result in legal gray areas? A) They are implemented by technicians rather than managers.
Answers (1)
The following events occurred for Favata Company: Received $12,000 cash from owners and issued stock to them. Borrowed $9,000 cash from a bank and signed a note due later this year. Bought and received $1,000 of equipment on account.
Answers (1)
Convert 30/4 into a mixed number fraction
Answers (2)
Assume that a family spends 35% of its income on housing, 20% on travel-related expenses, 10% on utilities, 25% on health care, and 5% on miscellaneous items. Demand for which category will be most responsive to a change in price?
Answers (1)
New Questions in Business
Emelia Vanderpuye retired this morning and has $1.5 million in her retirement account. She expects to live thirty years in retirement and plans to leave $1 million to her children and grandchildren.
Answers (1)
A perfectly competitive firm in a constantminuscost industry produces 3,000 units of a good at a total cost of $36,000. The prevailing market price is $15.
Answers (1)
The total amount of deductions from an employee's gross pay is $97.45. If the gross pay is $423.70, what percent of their gross pay is being withheld? a. 21% b. 22% c. 23% d. 24%
Answers (2)
A crew will arrive in one week and begin filming a city for a movie. the mayor is desperate to clean the city streets before filming begins. two teams are available, one that requires 400400 hours and one that requires 500500 hours.
Answers (1)
Utilizing the top-down approach, an individual who earns $75,000 per year as an employee for golf enterprises, llc and saves $13,000 of his earnings per year towards retirement will have a wage replacement ratio equal to 82.67%.
Answers (1)