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Montano1993 [528]
1 year ago
6

Job 31 has a direct materials cost of $210 and a total manufacturing cost of $540. Overhead is applied to jobs at a rate of 200

percent of direct labor cost. Use the relationships among total manufacturing costs, conversion cost, and prime cost to determine the following costs for Job 31:
a. Conversion Cost
b. Direct Labor Cost
c. Manufacturing Overhead Cost
d. Prime Cost
Business
1 answer:
Reika [66]1 year ago
7 0

Explanation: what is this can you elaborate pls

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The best way to handle that is to <span>Make a list of all of the questions that the borrower has at the end of the signing then have them contact the borrower for answers.
Doing this will make them able to prepare the answers beforehand and distinguish between which information they are allowed to give and which one to held.</span>
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2 years ago
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On April 30, Gomez Services had an Accounts Receivable balance of $33,400. During the month of May, total credits to Accounts Re
swat32

Answer:

The amount of credit sales during may is $62,400.

Explanation:

credit sales = accounts receivable balance on 31 may + total credits to accounts receivable - accounts receivable balance on 30 april  

                   = $27,000 + $68,800 - $33,400

                   = $62,400

Therefore, the amount of credit sales during may is $62,400.                    

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1 year ago
When a complaint is lodged, or when inappropriate activity is brought to the attention of management, the manager should wait to
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Answer:

False

Explanation:

Manager should start investigation as soon as complaint is brought to his notice. He must not wait for the charge to be proven. He should be the one taking lead on the investigation and responsible for investigation. And after investigation if charge is proven then he is supposed to apply penalty according to company's policy. And if not proven then talk to individual who brought the charge and give them proof.

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Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credi
kupik [55]

Answer and Explanation:

1.a. The Journal entries are shown below:-

Refund liability Dr, $328,000

         To Account Receivables $328,000

(Being actual sales return of merchandise sold is recorded)

b. Inventory Dr, $229,600 ($328,000 × 70%)

          To Inventory—estimated returns $229,600

(Being cost of merchandise returned for goods is recorded)

c. Sales returns Dr, $266,000 ($594,000 - $328,000)  

         To Accounts receivable $266,000

(Being actual sales return of merchandise is recorded)

d. Inventory Dr, $186,200 ($266,000 × 70%)

        To Cost of Goods Sold $186,200

(Being cost of merchandise returned for goods is recorded)

e. Sales returns Dr, $ 307,000

           To  Refund liability $307,000

(Being year-end adjusting entry for estimated returns is recorded)

f. Inventory Dr, $214,900  ($307,000 × 70%)

      To Cost of Good Sold $214,900

Estimated returns of 2021 sales = 5% × $12,100,000      $ 605,000

Less: Actual returns of 2021 sales                                  ($266,000)  

Remaining estimated returns of 2021 sales                     $ 339,000

2. The computation of amount of the year-end refund liability after the adjusting entry is shown below:-

Beginning balance in refund liability            $360,000  

Less: Actual returns of pre-2021 sales        ($328,000)  

Add: Adjustment needed                               $307,000  

Ending balance                                              $339,000

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_____ is a personal application software that includes a wide range of built-in functions for statistical, financial, logical, d
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Spreadsheets are personal application software that includes a wide range of built-in functions for statistical, financial, logical, database, graphics, and date and time calculations. It is an application or program that is designed for analysis, organization and storing of data in a table form. It functions on data that are entered in the cells of a table where the cells can contain numeric or text values. In this program, you can input equations and relate cells in order to do automatic calculation. It helps in processing a large number of data since you can easily copy and execute functions and equations.
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