The direct labor cost on the job was

Assignment Help Financial Accounting
Reference no: EM13745848

Galbraith Company applies overhead cost to jobs on the basis of 80% of direct labor cost. If Job 201 shows $45,000 of manufacturing overhead applied, the direct labor cost on the job was:

A) $56,250

B) $36,000- this answer is wrong

C) $45,000

D) $54,000

Reference no: EM13745848

Questions Cloud

What are seperate sections of a bill called : What are seperate sections of a bill called?
Using the cash basis of accounting : LO.2, 5 Al is a medical doctor who conducts his practice as a sole proprietor. During 2014, he received cash of $280,000 for medical services. Of the amount collected, $40,000 was for services provided in 2013. At the end of 2014, Al had accounts rec..
Discuss significance behind the growth of new imperialism : Identify examples of, and discuss the significance behind, the growth of New Imperialism in the 19th century.
Create a title slide with your new business name : Create a title slide with your new business' name. Create the PowerPoint slides for the presentation that you will be giving to the company owners.
The direct labor cost on the job was : Galbraith Company applies overhead cost to jobs on the basis of 80% of direct labor cost. If Job 201 shows $45,000 of manufacturing overhead applied, the direct labor cost on the job was:
Process them further into complete sailboats : Great Lakes Boat Company manufactures sailboat hulls at a cost of $4,200 per unit. The hulls are sold to boatyards for $5,000. The company is evaluating the desirability of adding masts, sails, and rigging to the hulls prior to sale at an additional ..
Describe your point of view on the eve of world war i : Take the perspective of a working class European citizen of a world power, and identify your chosen nation, class, and age. Describe your experience and point of view on the eve of World War I.
Classified on the balance sheet : Among the short-term obligations of Daisy Company as of December 31, the balance sheet date, are notes payable totaling $250,000 with the Madison National Bank. These are 90-day notes, renewable for another 90-day period.
Determine the current average cost per meal : Nature's Garden, a new restaurant situated on a busy highway in Pomona, California, specializes in a chef's salad selling for $7. Daily fixed costs are $1,500, and variable costs are $4 per meal. With a capacity of 800 meals per day, the restaurant s..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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