Business, 26.11.2019 05:31 jholland03
Calculate the overapplied or underapplied overhead for the year and prepare a journal entry to close out the manufacturing overhead account into cost of goods soldthe following information pertains to paramus metal works for the year just ended. budgeted direct-labor cost: 75,000 hours (practical capacity) at $16 per hour actual direct-labor cost: 80,000 hours at $17.50 per hour budgeted manufacturing overhead: $997,500budgeted selling and administrative expenses: $435,000actual manufacturing overhead: depreciation $ 233,000 property taxes 22,000 indirect labor 82,000 supervisory salaries 201,000 utilities 57,000 insurance 32,000 rental of space 302,000 indirect material (see data below) 79,000 indirect material: beginning inventory, january 1 47,000 purchases during the year 95,000 ending inventory, december 31 63,000 i calculated the cost driver is 13.30 , can someone me with the following-1. calculate the overapplied or underapplied overhead for the yea2.prepare a journal entry to close out the manufacturing overhead account into cost of goods sold
Answers: 1
Business, 21.06.2019 17:30
Salvador county issued $25 million of 5% demand bonds for construction of a county maintenance building. the county has no take-out agreement related to the bonds. it estimates that 20% of the bonds would be demanded (called) by the buyers if interest rates increased at least 1%. at year-end rates on comparable debt were 7%. how should these demand bonds be reported in the government-wide financial statements at year-end? a) $25 million in the long-term liability section of the governmental activities column. b) $5 million in the current liability section of the governmental activities column and $20 million in the long-term liabilities section of the governmental activities column. c) $5 million in the governmental activities column and $20 million would be reported in the schedule of changes in long-term debt obligations. d) $25 million in the current liability section of the governmental activities column
Answers: 1
Business, 22.06.2019 10:00
Marco works in the marketing department of a luxury fashion brand. he is making a presentation on the success of a recent marketing campaign that included a fashion show. which slide elements can he use to include photographs and footage of the fashion show in his presentation? marco can use the: table images audio option to include photographs and the: flowcharts images video option to include footage of the fashion show.
Answers: 1
Business, 22.06.2019 13:30
On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?
Answers: 3
Business, 22.06.2019 19:40
Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership
Answers: 3
Calculate the overapplied or underapplied overhead for the year and prepare a journal entry to close...
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