Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,300 of direct materials and used $3,800 of direct labor. The job was not finished by the end of the month, but needed an additional $2,800 of direct materials and additional direct labor of $6,100 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B?
Answers
Answer: $13,700
Explanation:
Given the following :
Month of September:
Direct materials = $2300
Direct labor used = $3800
Overhead = 200% of direct labor cost incurred
Therefore September overhead :
200% × $3800
2 × $3800 = $7,600
Work in process account at the end of September :
Direct labor cost + direct material cost + overhead
$3800 + $2300 + $7600 = $13,700
Related Questions
Which of the following is something that will not affect your homeowners insurance premium? a. the age of the home b. the size of the home c. the color of the home d. the location of the home
Answers
Answer:
The color of the home.
Explanation:
All other options affect your insurance rates.
The color of the home will not affect your homeowners insurance premium. Option (c) is correct.
What do you mean by Location?The spot where a specific point or object is found is called its location. Geographically speaking, location is a key concept and is typically regarded as being more specific than "place." A locale is a place where people live, such as a city, town, hamlet, or even an ancient location.
You pay a premium when you purchase an insurance policy. Your recurring payments for many popular insurance products, such as life, car, business, homeowners, and renters, are known as premiums. Your policy could be cancelled if you don't pay your premiums.
The total amount paid to an insurer for insurance is referred to as a premium. A fire service levy, an emergency service levy, and GST might be included. It excludes any amount of duty or a charge paid to an intermediary. When it is received by the insurer, broker, or agent, a premium is considered paid.
Therefore, Option (c) is correct. The color of the home.
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explain why hands-on activities and exploration are effective and use a specific example of a hands-on activity in your explanation.
Answers
Answer:
People learn by doing and experiencing things rather than just hearing about them. This is called hands-on learning. It is called "hands-on" because these activities usually require the use of the hands. For example, children might use manipulatives like cubes and boxes to learn about math, instead of just being taught the theory through books or pencil and paper exercises.
Young children learn best by doing, as this is their innate method of acquisition of new skills and knowledge. A child learns how to do things with their hands and body from the moment they are born. Play is still the best way to learn new things until they reach school age and beyond.
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When an account payable is paid off in full, an entry is journalized that credits
which account?
O A. Accounts Payable
B. Accounts Receivable
C. Cash
D. Income
Answers
Answer:
B
Explanation:
If you invest $1,000 at 12% interest, how much money will be in the account after two years, compounded annually? $1,240 $1,120 $1,254.40 $1,300
Answers
Answer:
FV= $1,254.4
Explanation:
Giving the following information:
Initial investment= $1,000
Number fo years= 2
i= 12% compunded annually
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= present value
FV= 1,000*(1.12^2)
FV= $1,254.4
15 points!
You will need to revise your budget to account for a car payment.
Which expense category would be the most difficult to change or reduce?
entertainment -Not the answer
rent
savings
groceries
thank you!
Answers
Answer:
rent
Explanation:
The rent expense will be difficult to revise. Usually, the rent amount is contained in a tenancy agreement signed by both the landlord and the tenant. The rent amount does not change until the lease or tenancy agreement expires. Changing the rent amount would require the landlord's consent.
Due to the above reasons, rent is classified as a fixed cost. It remains constant in the short run.
Answer:
rent
Explanation:
is the correct answer
Complete a departmental expense allocation spreadsheet for Marathon Running Shop. The spreadsheet should assign (1) direct expenses to each of the four departments, (2) the $64,000 of utilities expense to the four departments on the basis of floor space occupied, (3) the advertising department’s expenses to the two operating departments on the basis of the number of ads placed that promoted a department’s products, and (4) the administrative department’s expenses to the two operating departments based on the amount of sales.
Answers
Question Completion:
Marathon Running Shop has two service departments (advertising and administrative) and two operating departments (shoes and clothing). The table that follows shows the direct expenses incurred and square footage occupied by all four departments, as well as total sales for the two operating departments for the year 2017
Direct Expenses Square Feet Sales
Department
Advertising $ 18,000 1,120
Administrative 25,000 1,400
Shoes 103,000 7,140 $273,000
Clothing 15,000 4,340 77,000
The advertising department developed and distributed 120 advertisements during the year. Of these, 90 promoted shoes and 30 promoted clothing. Utilities expense of $64,000 is an indirect expense to all departments.
Answer:
Marathon Running Shop
Allocation of service departments' costs to the operating departments:
Service Departments Operating Departments Total
Advertising Administrative Shoes Clothing
Departmental $18,000 $25,000 $103,000 $15,000 $161,000
Utilities 5,120 6,400 32,640 19,840 64,000
After Utilities 23,120 31,400 135,640 34,840 $225,000
Advertising -23,120 17,340 5,780 0
Administrative -31,400 24,492 6,908 0
Total allocated costs $177,472 $47,528 $225,000
Explanation:
a) Data and Calculations:
Direct Expenses Square Feet Sales
Department
Advertising $ 18,000 1,120
Administrative 25,000 1,400
Shoes 103,000 7,140 $273,000
Clothing 15,000 4,340 77,000
Total $161,000 14,000 $350,000
Allocation of Utilities Expense of $64,000
Rate
Advertising (1,120/14,000 * $64,000) = $5,120
Administrative (1,400/14,000 * $64,000) = $6,400
Shoes (7,140/14,000 * $64,000) = $32,640
Clothing (4,340/14,000 * $64,000) = $19,840
Advertising $ 18,000 + $5,120 = $23,120
Administrative 25,000 + $6,400 = $31,400
Shoes 103,000 + $32,640 = $135,640
Clothing 15,000 + $19,840 = $34,840
Advertising expenses consumed by:
Shoes 90/120 * $23,120 = $17,340
Clothing 30/120 * $23,120 = $5,780
Administrative expenses consumed by:
Shoes $273,000/$350,000 * $31,400 = $24,492
Clothing $77,000/$350,000 * $31,400 = $6,908
what is meant by the term quality control as it relates to a cpa firm?
Answers
The term quality control refers to the processes and procedures implemented by a CPA firm to ensure that its services meet the required standards and expectations.
Quality control measures are designed to ensure that the firm's work is accurate, reliable, and complies with the relevant accounting and auditing standards. CPA firms typically have strict quality control systems in place to minimize the risk of errors or omissions in their work, and to maintain the integrity of their services. These systems may include policies and procedures for reviewing and approving work, training and development programs for staff, and ongoing monitoring and evaluation of performance. Ultimately, quality control is a key component of maintaining the reputation and credibility of a CPA firm.
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how are wages determined in a free market?
Answers
Answer:
Classical economists argue that wages—the price of labor—are determined (like all prices) by supply and demand. They call this the market theory of wage determination. ... Long story short: the price of labor is determined in the free market just like every other price, by the intersection of supply and demand.
Explanation:
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mia borrows 66,000 for four years at an APR of 7.25% what is the monthly payment
Answers
Answer:
$10,229.76
Explanation:
The monthly payment to be made by Mia over such borrowings will be $1,588.
What is monthly payment?
The payments made every month to pay the loans or advances is known as a monthly payment. It is like EMI.
The total repayment of the borrowings will be $76,230 over a period of four years. Monthly payment for the same will be,
\(\rm Monthly\ Payment= \dfrac{Total\ Amount}{No\ of \ Payments}\\\\\rm Monthly\ Payment= \dfrac{76230}{48}\\\\\rm Monthly\ Payment= \$1588\)
Hence, the monthly payment will be $1588.
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which is the largest component of metabolism, accounting for about 65% to 70% of daily energy expenditure?
Answers
The largest component of metabolism, accounting for about 65% to 70% of daily energy expenditure is option C: Resting metabolism
What is a good resting metabolic rate?The BMR range for the majority of people is 1000–2000. This indicates that they require between 1000 and 2000 calories per day to power their essential processes while they are at rest.
The calories burned when moving around, conversing, or engaging in physical activity are not included in your BMR number.
Therefore, BMR, which makes up 65 to 70 percent of daily caloric burn, is the main factor affecting an individual's total energy expenditure.
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See full question below
Which is the largest component of metabolism, accounting for about 65% to 70% of daily energy expenditure?
A) physical activity
B) food digestion
C) resting metabolism
D) weight cycling
The mode of transportation that has the most capability is 1 Answer Rail Pipeline Truck Water Air
Answers
The mode of transportation that has the most capability is Rail. Option A
What is meant by rail transportation?Transporting people and products on wheeled vehicles that operate on rails that are built into tracks is known as rail transport, sometimes known as train transport.
Vehicles traveling along railroad tracks are referred to as rail transportation. Although rails are the most popular type of guideway, recent technical advancements have also made monorails and magnetic levitation trains possible.
Railways are a reliable and effective means of transporting both people and cargo. Railways reduce carbon gas emissions while fostering economic growth. They are a tidy and efficient way to transport masses of cargo and millions of passengers across nations and continents.
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Sammy says, “I don’t think it’s fair that I have to pay for car insurance when I’m a super safe driver.” Explain why this logic is flawed.
Answers
Answer:
Car insurance isn't in place for people who are bad drivers, although I'm sure it helps them too. It's in place for situations you can never predict. Just because you're a good driver doesn't mean the people around you aren't. You have no control of other people's actions, so you might actually need that insurance Sammy.
Explanation:
im smart
This logic that "I don’t think it’s fair that I have to pay for car insurance when I’m a super safe driver.” is absolutely illogical as the rules and regulations set by the TRANSPORT DEPARTMENT is for every individual travelling on streets by any vehicle whether it is bicycle or a a four wheeler.
What are the Traffic Rules to drive a vehicle?Always have valid documents of the vehicleAlways carry the Driving LicenseDo not drink and driveDo not use Mobile while drivingDo not OverspeedAlways stop at Red LightAlways wear Helmet on Two wheeler and seat belt on Four wheeler.Always have Insurance of the vehicleWhy Insurance of Vehicle is Mandatory?Having Insurance of Car is mandatory because it ensures the financial safety of the person who is driving and also if any casualty happened, it also ensure the financial safety of that person. Casualty can happen because of many reasons and it does not completely depends on the efficiency of the driver.
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on january 8, the end of the first weekly pay period regis company
Answers
Answer:
mhmm
Explanation:
is a short-term investment that is considered highly liquid.
a. stock
b. bond
c. cash equivalent
d. mutual fund
Answers
Answer:
c. cash equivalent
Explanation:
highly liquid means can be made into cash quickly
Cash equivalent examples are money market funds Treasury bills. Treasury notes. Commercial paper.
in 2008 a problem with money market funds signaled a banking crisis. banks were giving mortgages to people with bad credit histories. on top of that those mortgages were insured so if someone couldn't pay the mortgage the insurers would pay. but at that time there were too many people who couldn't pay mortgages
a. stock is a share of ownership in a company. can't make it into cash unless you sell it.
d. mutual fund : basically a stock of stocks. company gathers money to buy a bunch of different stocks. whole thing is called a portfolio. company sells stocks of that portfolio. those stocks are mutual funds.
b. a bond is basically a loan. bond lasts for a period of time. can't sell it until that period is over. otherwise there is a penalty.
.
hedge funds : the words hedge in hedge means to reduce risk. they make it for people with more money. it combines risky, non risky, long term, & short term investments to hedge or reduce risk.
How did Ray conduct marketing-information management?
Answers
Question 1 (1 point)
Walter is a seasoned sales professional who oversees a team of sellers for the Great
Lakes region. His main job functions are to motivate his sales force and develop
strategies to meet business selling goals. What sales position does Walter have?
O regional sales manager
director of sales
O vice president of sales
account executive
Answers
Walter is in Regional Sales Manager position.
Explain the objectives of sales?
1. Establish measurable sales targets and goals: Identify key performance indicators (KPIs) and set realistic, achievable targets for sales to be achieved.
2. Analyze customer data: Use customer data to understand customer needs and preferences, develop customer segmentation strategies, and identify opportunities to increase sales.
3. Develop marketing strategies: Develop marketing strategies and plans that include promotional activities, pricing strategies, and other tactics to drive sales.
4. Lead sales team: Lead the sales team by setting clear expectations, providing training, and monitoring performance.
5. Monitor and adjust: Monitor sales performance and adjust strategies and tactics to improve results.
6. Manage customer relationships: Build strong, long-lasting relationships with existing customers and nurture relationships with potential customers.
Walter oversees a team of sellers for the Great Lakes region, and his main job functions are to motivate his sales force and develop strategies to meet business selling goals. This indicates that he has a managerial role, which is typically associated with the Regional Sales Manager position.
Therefore, Regional Sales Manager is the correct answer.
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The U.S. Sentencing Commission continued to emphasize that there should be standards and procedures in place to prevent and detect misconduct along with the importance of _______. a. hiring an external CEO b. organizational culture c. eliminating federal prosecutions of organizations d. the firm's board e. the honor system
Answers
The company stating the standards and procedures in place to prevent and detect misconduct is an example of organizational culture.
What is organizational culture?Organizational culture simply means the collection of values and expectations that guide and inform the employees in a company.
In this case, the commission continued to emphasize that there should be standards and procedures in place to prevent and detect misconduct. This is important as it depicts organizational culture.
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Jeff Arnold and Reggie Bradford created WebMD, an Internet provider of health care information. During the development of this high-growth company, Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with ______ financing.
Answers
Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with equity financing.
What is equity financing?Equity financing can be defined as the way in which a company or an organization raise capital by selling their stock.
Most companies or organization tend to sell their shares or stock to investors who then provide them with equity financing as this will enables them to raise money.
Therefore Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with equity financing.
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an increase in the expected inflation rate will a. shift the short-run phillips curve downward and to the left. b. not shift the short-run phillips curve unless the unemployment rate changes. c. shift the short-run phillips curve upward and to the right. d. tend to increase production unless the actual inflation rate also increases. e. cause the unemployment rate associated with each inflation rate to decrease.
Answers
When there is an increase in the expected inflation rate, this will c. shift the short-run phillips curve upward and to the right.
What is the short-run phillips curve?The short-run Phillips curve shows how unemployment and inflation trade off in the opposite direction. The Phillips curve shows how inflation and unemployment rates are related.
For a specific predicted rate of inflation, the (short-run) Phillips Curve is drawn. The (short-run) Phillips Curve swings upward as predicted inflation rises. Inflation moves downward when predicted inflation declines.
Since lower inflation rates and higher unemployment are statistically connected with one another, the short-run Phillips curve has a negative slope.
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Wang co. manufactures and sells a single product that sells for $420 per unit; variable costs are $231 per unit. annual fixed costs are $909,000. current sales volume is $4,220,000. compute the contribution margin per unit.
Answers
The contribution margin per unit is 4809.52.
What is the contribution margin?Contribution margin is the level of output at which revenue would equal zero.
Contribution margin = fixed cost / (price - variable cost)
909,000 / (420 - 231)
909,000 / 189 = 4809.52
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How do credit card companies make money?
O (A) Fees and interest paid by cardholders
O (B) Investing your credit card debt
O (C) Fees paid by merchants
O All of them
O A and B
O A and C
OB and C
Answers
Answer:
A and C
Explanation:
Credit card companies get their income form the following three main sources
Interest paid by cardholdersFees charged to cardholders' credit cards.transaction charges paid by merchants who accept credit cardsInterests form the bulk of income to the card companies. Typically charge interest arises when customers carry a balance from a month to the next. Fees charged include annual fees, late fees, cash advance fees, balance transaction fees, among others. Merchants usually pay a percentage for every transaction conducted via a credit card. The percentage ranges between 1% to 3 %.
Who is 13 and a girl
Answers
Answer:
there is 12,548,067 13 year old female children in the U.S that is 17% per a 2019 survey
The city decides to issue cab licenses to the existing cabs. Assume there are 55 cabs at this time. No new licenses will be issued, so the price of cab rides will adjust to equate supply and demand. The marginal cost of a cab ride has not changed ($5.00). The new demand for cab rides is D(p) = 1220-20p. What is the profit for each taxi per day?
Answers
$3,217.50 per day minus $275 per day equals $2,942.50 for each taxi's profit each day.
Assuming that all 55 cabs are able to obtain licenses and are in operation, the total supply of cab rides per day would be 55. With the demand function given as D(p) = 1220-20p, we can solve for the equilibrium price and quantity by setting supply equal to demand:
55 = 1220-20p
Solving for p, we get p = $58.50.
Using this price, we can calculate the total revenue for each cab as 55 rides/day * $58.50/ride = $3,217.50/day.
Since the marginal cost of a ride is $5.00, the total cost per day for each cab would be 55 rides/day * $5.00/ride = $275.00/day.
The profit for each taxi per day would be $2,942.50/day ($3,217.50/day - $275.00/day).
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write a sample audit question from the following process criteria: contract review process (procedure 5.2) states: "all contracts must be approved by management. Contracts < $40,000 are approved by the finance manager, contracts > $40,000 are approved by the general manager."
Answers
1. How is the contract approval process documented within the organization?
2. Do all contracts go through the contract review process as stated in Procedure 5.2?
3. Was the finance manager responsible for approving all contracts under $40,000, and the general manager responsible for approving all contracts over $40,000?
What can an understanding that tourism involves travel for purposes such as leisure, business, or other reasons and that hospitality involves receiving guests in a way that is welcoming and friendly help define?
Answers
The understanding of tourism which involves travel for purposes such as leisure, business, as well as hospitality can help us to understand the exploration of the world which help relaxation.
What is tourism?Tourism can be described as the process of social, cultural as well as economic phenomenon which involves the movement of people from one place to another which involves the exploration of the world around us.
It should be noted that the act do encourage leisure as well as business which can help to promote the desire of the people.
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help would be appreciated please :)
Answers
Answer:
I believe C is the correct answer because the overall cost of everything would be the cost of the concert and the things that have to do with ir
My other guess is A..
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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After first obtaining a real estate sales license, said licensee must take how many DRE core three-hour approved continuing education courses in order to renew their license
Answers
Answer:
5
Explanation:
According to your text, the ultimate objective of supply chain management is A. to make each channel as efficient as possible, thus saving the company money.
B. to utilize as few channel members as possible in the manufacture of the product.
C. to integrate related companies so they function as one organization.
D. to accurately predict production levels in order to minimize inventory carrying costs.
E. to choose intermediaries that share the same mission as the company.
Answers
The direct answer is C. to integrate related companies so they function as one organization.
The ultimate objective of supply chain management is to integrate related companies within the supply chain so that they function as one cohesive organization. Supply chain management involves coordinating and optimizing the flow of goods, information, and services from the initial suppliers to the end customers.
By integrating related companies, such as suppliers, manufacturers, distributors, and retailers, supply chain management aims to create a seamless and efficient flow of products and services. This integration allows for improved coordination, collaboration, and communication among the various entities involved in the supply chain.
Through integration, companies can achieve several benefits, including cost savings, improved responsiveness, enhanced customer satisfaction, reduced lead times, and increased overall supply chain performance. By functioning as one organization, the supply chain can operate more efficiently, effectively allocate resources, streamline processes, and adapt to changing market demands.
While the other answer choices may have some relevance to supply chain management, they do not capture the comprehensive objective of integrating related companies to function as one organization, which is the core goal of effective supply chain management.
The ultimate objective of supply chain management is to integrate related companies within the supply chain so that they operate as a cohesive organization. This integration facilitates improved coordination, efficiency, and effectiveness in the flow of goods and services, leading to enhanced overall supply chain performance.
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Explain the impact of effective purchasing on an operation’s cash flow.
Answers
Answer:
Thus, effective purchasing Implies buying the right items needed for operations at the right/fair price so as to reduce the total cost of operations, which invariably leads to more Profit since there's reductions in costs.
The effective purchasing is very important to a small business. Purchasing is a key factor for any small business as it influence the performance at all levels.
When the supplies you purchase for consumption do not meet one's needs they will limit the efficiency of the operations you want to carry out and also cash flow in the organization or business. One must to create the right purchasing procedures and closely handle them.
Purchasing systems play an key role in controlling a company's cash outflows this is because they ensure that only the key purchases are made and that they are to be done at good or reasonable prices.
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