What was direct labor

Assignment Help Accounting Basics
Reference no: EM132983597

Question - X Company began manufacturing operations on January 1, 2020. The following information is for the year:

Direct materials purchased $5,278

Direct materials used 4,250

Direct labor ?

Overhead 15,359

Cost of goods sold 30,156

As of December 31, 2020, all jobs were finished, but there were five jobs that were still not sold, with costs totalling $1,799.

Required - What was direct labor in 2020?

Reference no: EM132983597

Questions Cloud

Impact benefits on job motivation : Think about three specific benefits that are part of your compensation plan in your current job or another job you have you held in the past and the impact thos
Calculate earnings per share : Calculate earnings per share (EPS) under each of the three economic scenarios assuming the company goes through with recapitalization
Design an incentive program for position : You must use the four design elements of an incentive program in your answer. Demonstrate your understanding of these elements.
Dept of labor economic realities test : Which of the following is not a factor in the Dept of Labor's economic realities test?
What was direct labor : As of December 31, 2020, all jobs were finished, but there were five jobs that were still not sold, with costs totalling $1,799. What was direct labor in 2020
What is brain dominance : Throughout this class you have participated in several activities which hopefully provided some personal insights. Using those activities, describe yourself in
Discuss the field of strategic human resource management : Discuss the field of strategic human resource management and influence of the COVID-19 pandemic on the HR as a function
Prepare the journal entry to record the purchase : Prepare the journal entry to record the purchase of the mine and to record the asset retirement obligation for the mine on April 1, 2020
How the design of the job could be improved : Where relevant, offer recommendations for how the design of the job could be improved?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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