Selected accounts with some debits and credits omitted are presented as follows: Work in Process Aug. 1 Balance $275,000 31 Direct materials X 31 Direct labor 450,000 31 Factory Overhead X Aug 31 Goods finished $1,030,000 Factory Overhead Aug 1-31 Cost incurred $145,000 Aug 1 Balance $15,000 31 Applied X If the balance of Work in Process at August 31 is $220,000, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs?
a. $120,000
b. $135,000
c. $70,000
d. $10,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Selected accounts with some debits and credits omitted are presented as follows: Work in Process Aug. 1 Balance $275,000 31 Direct ...” 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
A career will be most productive, comfortable, and enjoyable when it fits well into one's lifestyle. Which is the best definition of lifestyle? A. the factors that have influenced one's life B.
Answers (1)
Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $6,100. On September 9, the customer unexpectedly pays the $6,100 balance. Record the cash collection on September 9.
Answers (1)
The impact of war and terrorism on U. S. business is that Multiple Choice A) fewer jobs will be created in the United States. B) companies have increased organizational costs, including insurance costs. C) there is less global trade.
Answers (1)
Carter Corporation made sales of $ 825 million during 2018. Of this amount, Carter collected cash for $ 710 million. The company's cost of goods sold was $ 290 million, and all other expenses for the year totaled $ 425 million.
Answers (1)
Nyeil is a consumer products firm that is growing at a constant rate of 6.5 percent. The firm's last dividend was R3.36.
Answers (1)
New Questions in Business
Marquese is making 10 pounds of trail mix from raisins and nuts. Raisins cost $3.45 per pound, and nuts cost $7.95 per pound. How many pounds of raisins and how many pounds of nuts should marquese use for the trail mix to cost him $6.96 per pound?
Answers (2)
Ten Pins Manufacturing has 9 million shares of common stock outstanding. The current share price is $81, and the book value per share is $8. The company also has two bond issues outstanding.
Answers (1)
The higher the price of an antique, the greater people's expectation that the object is rare. That, in turn, makes the antique appear more valuable. If the statements above are correct, then offering an antique for sale at a bargain price:
Answers (1)
Elmer received the following distributions from Virginiana Mutual Fund for the calendar year 2019: Ordinary dividends $250 Capital gain distributions $170 Nontaxable distributions $80 Elsie, Elmer's wife, did not own any of the Virginiana Mutual
Answers (1)
Ocean Vessels, Inc., and Pacific Harbor Company enter into a contract for a sale of a boat. Ocean is a merchant who deals in goods of the kind sold. The goods are defective. Under the UCC, the implied warranty of merchantability is breached a.
Answers (1)