A company charges the following amounts of overhead to jobs

Assignment Help Accounting Basics
Reference no: EM13567304

A company charges the following amounts of overhead to jobs during the current year: $12,000 to jobs still in process, $42,000 to jobs completed but not sold, and $66,000 to jobs finished and sold. at year end, the company's factory overhead had a credit balance of $9000.00, which is not a material amount. What entry should the company make at year end related to this overhead balance?

Reference no: EM13567304

Previous Q& A

  Why do food deserts result in poorer health outcomes such

the goal of this assignment is to think critically about the need for cultural competency in health the us and suggest

  What is the difference between the risk-free and risky

what is the difference between the risk-free and risky interest rate is

  The five-year treasury rate is currently 565 percent the

the gold company is applying for a five-year term loan from its bank. the lender determines that the firm should pay a

  On june 302009 temple sold abel division for 351000 when

the following information was taken from the accounting records of temple company inc. for the year ended december 31

  Delmar manufacturing is considering three different prices

delmar manufacturing is considering three different prices for the new personal digital planner 75 65 and 55. variable

  Thesis the thesis of my paper is breast cancer deaths are

term paper instructionsthesis the thesis of my paper is breast cancer deaths are rising among african american women

  Calculate the following performance measures for portfolio

consider the following data for a particular sample periodnbspportfolio pmarket maverage return3528beta1.201.00standard

  A firm is evaluating a proposal which has an initial

a firm is evaluating a proposal which has an initial investment of 45000 and has cash flows of 5000 in year 1 20000 in

  Badger recorded 500000 of net sales for the year which 2

badger recorded 500000 of net sales for the year which 2 is estimated to be uncollectable. identify and analyze the

  In 2012 rec room sports reported earnings per share of 850

in 2012 rec room sports reported earnings per share of 8.50 when its stock price was 212.50. in 2013 its earnings

Reviews

Write a Review

 

Similar Q& A

  Allowable casualty loss deduction

In 2010, Grant's personal residence was damaged by fire. Grant was insured for 90% of his actual loss, and he received the insurance settlement. Grant had adjusted gross income, before considering the casualty item, of $30,000. Pertinent data with..

  Units in ending inventory

Jones Company had 100 units in beginning inventory at a total cost of $10,000.The company purchased 200 units at a total cost of $26,000. At the end of the year, Jones had 80 units in ending inventory.

  Which of the following is best defined as consciously

which of the following is best defined as a consciously coordinated social unit composed of two or more people which

  If the number of new hires is considered the cost driver

at the todd company the cost of the personnel department has always been charged to production departments based upon

  Prediction of future tax payments

What type of inflation accounting do you favor under high inflationary periods? Do you think tax allocation can improve the prediction of future tax payments in the short run? What are the economic consequences of SFAS No.87?

  How much was the company return on assets

Lake Coffee Company reported net income of $54,000 and net sales totals $800,000. The company's asset turnover ratio is 4.5 times. How much was the company's return on assets?

  Which of the following represents the largest number of

which of the following represents the largest number of common shares?a. treasury sharesb. issued sharesc.

  Casey companys bank statement shows a bank balance of 43267

casey companys bank statement shows a bank balance of 43267. the statement shows a bank service charge of 50. caseys

  Multiple-step income statement

On a multiple-step income statement, gain or losses on sale of equipment would be shown:

  What is the amount of gross cash inflows reported in the

during the year ravenna paid a 9300 cash dividend and it sold a piece of equipment for 4650 that had originally cost

  Write down the journal entry

Write down the journal entry that is needed in order to record the acquisition of the bonds on January 1, 2005. Make sure to use the  NET  method.

  Concerning the overall fairness

The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of :

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd