Business, 20.09.2019 22:00 kitttimothy55
Lund company applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of direct labor cost. any under or overapplied overhead is closed out to cost of goods sold at the end of the calendar year. during march, the following transactions were recorded by the company: raw materials purchased during the moth - $27,00; raw materials used in production - $28,000; direct labor hours work during month - 2,500; direct labor cost incurred - $20,000; indirect labor cost incurred - $5,500; manufacturing overhead costs incurred - $17,000; raw material inventory, ending - $7,500; work in process inventory, beginning - $10,500; work in process inventory, ending - $14,000 (contains $5,000 of direct labor cost).the cost of goods manufactured for march was: a) $66,500.b) $61,500.c) $59,500.d) $63,000.
Answers: 3
Business, 21.06.2019 17:10
Acompany manufactures hair dryers. it buys some of the components, but it makes the heating element, which it can produce at the rate of 920 per day. hair dryers are assembled daily, 250 days a year, at a rate of 360 per day. because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of 2,300 units. a. approximately how many batches of heating elements are produced annually? b. if production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand 4 days later? c. what is the average inventory of elements, assuming each production cycle begins when there are none on hand?
Answers: 1
Business, 22.06.2019 13:20
Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
Answers: 2
Business, 22.06.2019 13:50
Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.
Answers: 2
Business, 23.06.2019 10:00
The american dream includes home ownership. but in the last few years, it's gotten harder and harder to own a home. do you think home ownership is important to most americans today? why or why not?
Answers: 1
Lund company applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of di...
Biology, 21.04.2020 09:21
Spanish, 21.04.2020 09:21
Mathematics, 21.04.2020 09:21
Mathematics, 21.04.2020 09:21
English, 21.04.2020 09:21
English, 21.04.2020 09:21
Biology, 21.04.2020 09:21
Social Studies, 21.04.2020 09:21
History, 21.04.2020 09:21
Mathematics, 21.04.2020 09:21
Business, 21.04.2020 09:21