Business, 05.05.2020 06:53 dawnparker71

Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,800 of direct materials, $6,966 of direct labor, and $9,936 of manufacturing overhead cost. The company assigns an overhead cost to jobs using the predetermined overhead rate of $18.40 per direct labor-hour. During May, the following activity was recorded:Raw materials (all direct materials): Beginning balance $8,500Purchased during the month $38,000Used in production $39,300Labor: Direct labor-hours worked during the month 1,900Direct labor cost incurred $24,510Actual manufacturing overhead costs incurred $33,300Inventories: Raw materials, May 30 ?Work in process, May 30 $16,937Work in process inventory on May 30 contains $3,741 of direct labor cost. Raw materials consist solely of items that are classified as direct materials. The entry to dispose of the underapplied or overapplied manufacturing overhead cost for the month would include a:a: credit of $5,336 to Manufacturing Overhead. b: credit of $1,660 to Manufacturing Overhead. c: debit of $5,336 to Manufacturing Overhead. d: debit of $1,660 to Manufacturing Overhead.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:40, icemaniac

Tandard product costs deerfield company manufactures product m in its factory. production of m requires 2 pounds of material p, costing $4 per pound and 0.5 hour of direct labor costing, $10 per hour. the variable overhead rate is $8 per direct labor hour, and the fixed overhead rate is $12 per direct labor hour. what is the standard product cost for product m? direct material answer direct labor answer variable overhead answer fixed overhead answer standard product cost per unit answer

Answers: 1

continue

Business, 22.06.2019 06:40, jesh0975556

After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?

Answers: 1

continue

Business, 22.06.2019 09:50, steph76812

Why should managers invest any excess cash

Answers: 1

continue

Business, 22.06.2019 11:00, igtguith

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

Answers: 1

continue

You know the right answer?

Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,800 of di...