Business, 10.10.2021 01:00 2021arabellacorsino

Dillon Company applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of direct labor cost. Any under or overapplied overhead cost is closed out to Cost of Goods Sold at the end of the month. During May, the following transactions were recorded by the company: Raw materials (all direct materials):
Purchased during the month $38,000
Used in production $35,000
Labor:
Direct labor hours worked during the month 3,150
Direct labor cost incurred $30,000
Manufacturing overhead cost incurred (total) $24,500
Inventories:
Raw materials (all direct), May 31 $8,000
Work in process, May 1 $9,000
Work in process, May 31 $12,000*
*Contains $4,400 in direct labor cost.
92. The balance on May 1 in the Raw Materials inventory account was:
A) $11,000
B) $5,000
C) $7,000
D) $9,000
93. The amount of direct materials cost in the May?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 16:10

(4 points) suppose the production function in the solow model is given by yt = ak¯ 3/4 t l 1/4 t . (a) what are the five equations and five unknowns that summarize the solow model? (b) show the transition dynamics in the solow model if ¯sy0 < ¯dk0. make sure you label the axes, curves, initial level of capital and steady-state level of capital. (c) solve for capital, output, capital per person, and output per person in the steady state. (d) if a¯ = 2, l¯ = 4, ¯s = 0.2, and ¯d = 0.05, calculate the steady-state level of capital and output per person.

Answers: 3

Answer

Business, 21.06.2019 23:00

The company financial officer was interested in the average cost of pcs that had been purchased in the past six months. she took a random sample of the price of 10 computers, with the following results. $3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000 what is the iqr?

Answers: 2

Answer

Business, 22.06.2019 20:30

Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets.b. an increase in accrued liabilities.c. an increase in notes payable.d. an increase in accounts receivable.e. an increase in accounts payable.

Answers: 3

Answer

Business, 22.06.2019 22:30

When the price is the equilibrium price, we would expect there to be a causing the market to put pressure on the price until it went back to the equilibrium price. a. above; surplus; upward b. above; shortage; downward c. below; surplus; upward d. below; shortage; downward e. above; surplus; downward?

Answers: 2

Answer

You know the right answer?

Dillon Company applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of...

Questions