Selected accounts with some debits and credits omitted are presented as follows: work in processoct. 1 balance 20,000 oct. 31 goods finished x31 direct materials 96,70031 direct labor 201,00031 factory overhead xfinished goodsoct. 1 balance 52,00031 goods finished 360,000if the balance of work in process at october 31 is $21,000. what was the amount of factory overhead applied in october?

Identify which of the twelve basic functions listed below fit the description given.

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)