Business, 12.02.2021 04:30 snowprincess99447

Beckner Inc. is a job-order manufacturer. The company uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 140,000 and estimated factory overhead is $924,000. The following information is for September. Job X was completed during September, while Job Y was started but not finished. September 1, inventories: Materials $ 24,700 Work-in-process (All Job X) 54,100 Finished goods 106,300 Materials purchases $ 164,000 Direct materials requisitioned: Job X $ 74,700 Job Y 68,700 Direct labor hours: Job X 7,700 Job Y 6,200 Labor costs incurred: Direct labor ($6.70 per hour) $ 93,130 Indirect labor 30,100 Factory supervisory salaries 11,800 Rental costs: Factory $ 10,000 Administrative offices 3,900 Total equipment depreciation costs: Factory $ 11,100 Administrative offices 3,500 Indirect materials used $ 25,100 Cost of goods manufactured for September is:

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 05:30

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Answers: 1

Answer

Business, 22.06.2019 09:50

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?

Answers: 2

Answer

Business, 22.06.2019 17:00

Explain how can you avoid conflict by adjusting

Answers: 1

Answer

Business, 22.06.2019 20:00

A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?

Answers: 2

Answer

You know the right answer?

Beckner Inc. is a job-order manufacturer. The company uses a predetermined overhead rate based on di...

Questions