Answer:
1. Overhead rate = Overhead costs / Direct material costs
Overhead rate = $684,000 / $1,900,000
Overhead rate = 0.36
Overhead rate = 36%
2. How much direct labor cost and overhead cost are assigned to this job?
Total cost of job in process $71,000
Less: Overhead applied $7,920
($22,000 * 36%)
Less: Material cost of job in process $22,000
Direct labor cost $41,080
Hence, direct labor cost is $41,080 and Overhead cost is $7,920
The predetermined overhead rate is 36%. For the last job with direct materials cost of $22,000, the direct labor cost assigned remains $210,000 and the overhead cost assigned is $7,920.
To answer your questions, first we need to determine the predetermined overhead rate which is the ratio of overhead costs to direct materials costs. Given that the total overhead costs were $684,000 and the total direct material cost was $1,900,000, the predetermined overhead rate would be $684,000 / $1,900,000 which equals approximately 0.36 or 36%.
Secondly, to calculate how much direct labor cost and overhead cost would be assigned to the last job which has a direct materials cost of $22,000: the direct labor cost remains the same as provided, which is $210,000. However, the overhead cost would be calculated by multiplying the direct materials cost of the job by the overhead rate (0.36), giving $22,000 * 0.36 = $7,920.
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If viewed from a flow standpoint, the stage of configuration management that has provision for variable routing to the next step, depending on outcome at this stage, configuration control.
What is configuration control?
Process for regulating hardware, software, firmware, and documentation alterations to safeguard the information system from unauthorised alterations before, during, and after system deployment. In military and technology development environments, configuration control is frequently employed. By making sure that any changes are thoroughly tested before being incorporated into the finished product, it can lower the likelihood of failure or malfunction.
What does the configuration serve?
The process of configuration management involves keeping software, servers, and computer systems in a consistent, desirable condition. It's a method of ensuring that a system functions as expected as modifications are made to it over time.
To know more about configuration control, click here- brainly.com/question/29736870
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B. An increase in the supply of tennis racquets
C. An increase in the price of tennis racquets
D. None of the above would decrease the demand for tennis racquets
Answer:
C) An increase in the price of tennis racquets
Explanation:
If tennis racquets become more expensive, the demand for them will decline, and people will try to supply this need with substitutes, for example, lacrosse raquets. The reason for this is that the classical supply and demand model tells us that demand and price are inversely correlated: if the price goes up, demand goes down, and viceversa.
The process of translating ideas into words that will convey meaning is referred to as _______.
The ______ is the medium over which a message is transmitted.
Answer:
The correct words for the blank spaces are: decoding; channel.
Explanation:
Decoding refers to the action in which the receiver of a message interprets the meaning of the message that the sender transmits. The opposite process of decoding is the encoding in which the meaning is translated into words to create a new message.
The message is sent through a channel that can take different forms such as the phone, television, radio, newspapers, magazines, letters, or social media, to mention a few.
In the realm of communication, the process that involves turning ideas into words to communicate meaning is called encoding, whereas the medium or tool used to carry or transmit the message is called the channel.
The process of translating ideas into words that will convey meaning is referred to as encoding. The channel is the medium over which a message is transmitted. In the field of communication, encoding happens when the sender translates his or her idea into a language or signal that the receiver can understand.
The channel, on the other hand, is the medium or tool used to transmit the message, such as a letter, a telephone call, a speech, or an email.
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Answer
The number of shares.
Explanation
Cash Dividend is the amount of money paid to stakeholders as part of the firm’s current earnings. Cash dividends are applied by companies to return capital to shareholders in a manner of periodic cash payments. Cash dividends are paid on a per-share basis. To figure out Jackson’s cash dividend, we require to know the share number and multiply it by the per share dividend for each quarter.
The firm’s capital structure Tax rates
The general level of stock prices
Answer:
The firm’s capital budgeting decision rules
The firm’s capital structure.
Explanation:
Capital budgeting is a term used to describe the proposed amount which a company has decided to set aside in the fort coming year to be spent on infrastructures or capital projects.
An organisation has the power to control its Capital budget, it also has the power to control its decision rules and it Capital structures (the contents of a company's capital spending).
A FIRM CAN NOT CONTROL THE TAX RATES AND THE GENERAL LEVEL OF STOCK PRICE WHICH ARE CONTROLLED BY GOVERNMENT AND EXTERNAL FORCES.
Answer:
a. Cash basis - amount is $3,600
b. Accrual basis - amount is $1,200
Explanation:
a.
Under the cash basis, the amount which will be recorded is as:
In cash basis, it is the method or way of recording the accounting transactions for the revenue and the expenses only when the cash (corresponding) is received or when the payments are made.
So, in this $3,600 is paid, the full amount will be recorded.
b.
Under Accrual basis, the amount which will be recorded as:
In Accrual basis, it is the method or way of recording the accounting transactions for the revenue when it is earned and the expenses is recorded when it is incurred.
So, in this the expense to be recorded for 2 months, it is computed as:
For per month = $3,600 / 6
= $600 per month
For 2 months, it is:
= $600 × 2
= $1,200
Therefore, the amount is $1,200 for 2 months.