LO 4.2Which document lists the total direct labor used in a specific job?job cost sheet
purchase order
employee time ticket
receiving document

Answers

Answer 1

Answer:

Answer:

job cost sheet

Explanation:

The job cost sheet refers to the statement used to report production costs and is developed by businesses using a work-order charging system to measure and assign costs of goods and services.

is the responsibility of the accounts department to chart all production costs (primary supplies, direct labor and overhead production) on the work cost sheet. For each worker, a separate job expense sheet is arranged.

Job cost sheet not gets utilized for paying work expenses only, it's also component of the reporting records of the business. It is also used in the system account as something of a subordinate ledger to the project as it includes all the information about the work being done.

Related Questions

Carter Industries has two divisions: the West Division and the East Division. Information relating to the divisions for the year just ended is as follows: West East Units produced and sold 31,000 41,000 Selling price per unit $ 6 $ 13 Variable costs per unit 2 3 Direct fixed cost 49,000 111,000 Common fixed cost 41,000 41,000 Common fixed expenses have been allocated equally to each of the two divisions. Carter's segment margin for the West Division is:
Consider this case: Last year, Jackson Tires reported net sales of $80 million and total operating costs (including depreciation) of $52 million. Jackson Tires has $115 million of investor-supplied capital, which has an after-tax cost of 7.5%. If Jackson Tire's tax rate is 40%, how much value did it's management create or lose for the firm during the year? A) 39.38 million B) 2.66 million C) 60.38 million D) 8.18 million
Giả sử Công ty TNHH Đông Đô mua 1 bản quyền công nghệsản xuất dứa quả xuất khẩu của Nhật Bản với giá là 500.000USD (tỷgiá 16.000VNĐ/USD) tính ra bằng 800 triệu VNĐ, thanh toán theohình thức thư tín dụng (L/C) thông qua Ngân hàng Ngoại thương ViệtNam, thuế nhập khẩu 10% và thuế GTGT hàng nhập khẩu 10%. Côngty đã nộp các khoản thuế trên bằng chuyển khoản. Chi phí đăng kýpháp lý liên quan đến bản quyền công nghệ trong nước là 16,5 triệu đãtrả bằng tiền mặt (thuế GTGT 10%). Biết rằng doanh nghiệp thực hiệntính nộp thuế GTGT theo phương pháp khấu trừ.Yêu cầu : Xác định nguyên giá TSCĐ vô hình vừa mới được mua(Biết rằng TSCĐ vô hình được đưa vào sử dụng ngay)
Dr. Evil presents the sound of a buzzer to his pet rabbit, and he follows it with the delivery of a small electric shock. After repeated pairings of the buzzer and shock, the rabbit learns to fear the sound of buzzers. Dr. Evil then proceeds to extinguish the rabbit’s fear of buzzers. Now suppose that, after extinction, Dr. Evil decides to present the buzzer and shock to the rabbit once again. After only one pairing, the rabbit will demonstrate __________ and fear the buzzer again.
g The market supply curve in the short run is _______. A. horizontal at the shutdown price and upward sloping at prices above the shutdown point B. an upward-sloping curve that shows that as the market price rises the quantity supplied increases C. the same as the horizontal sum of the firms' marginal cost curves D. the same as the average total cost curve for the entire ind

Buyers rush to purchase stocks in California vineyards following a forecast of a 30 percent decline in this year's grape harvest. What happens in the California wine market as a result of this announcement?

Answers

Answer:

The demand curve for wine shifts to the right

Explanation:

As per the forecast, there should be a decline in grape harvest. This induces the buyers to purchase more quantity of grapes in an anticipation of decline in future harvest which would eventually make grapes costlier than now.

Production of wine depends upon the availability of inputs. Grape being one of the necessary inputs. This means if in future, price of grapes rise, the production of wine would be costlier, which would raise the price of wine.

As a consequence of such an announcement, the wine market would experience an immediate increase in demand for wine which would shift the demand curve to the right.

4 "Youth culture" is a term that marketers use when they are trying to sell their product to which group?children between the ages of 1-5
children between the ages of 6-10
teenagers
college students

Answers

Children between the ages of 6-10. Hope it helps!

The Macro Islands can produce either 250 bamboo towels or 500 botanical soaps using all its resources. The Micro Islands can produce either 30 bamboo towels or 300 botanical soaps using all its resources. Based on this information, which of the following is true?The Macro Islands have a comparative advantage in producing both goods.
The Micro Islands have a comparative advantage in producing neither good.
The Micro Islands have a comparative advantage in producing bamboo towels.
The Micro Islands have a comparative advantage in producing botanical soaps.
The Micro Islands have a comparative advantage in producing both goods.

Answers

Answer:

The Micro Islands have a comparative advantage in producing botanical soaps.

Explanation:

Comparative advantage can be defined as the ability of an economy to produce a good at lower opportunity cost than other economies. This enables the economy sell the product at lower prices, therefore having higher margin of profit than other economies.

The opportunity cost of Micro Island in producing 300 botanical soaps is the cost of producing 30 bamboo towels. The opportunity cost is quite low.

While for Macro Island the opportunity cost of producing 500 botanical soaps is 250 bamboo towels. The opportunity cost is higher than for Micro Island.

Assume the carrying capacity of the earth is 13 billion. Use the 1960s peak annual growth rate of 2.1% and population of 3 billion to predict the base growth rate and current growth rate with a logistic model. Assume a current population of 6.8 billion. How does the predicted growth rate compare to the actual growth rate of about 1.2% per year?

Answers

Answer:

The predicted growth rate is compared at -2%

Explanation:

To calculate growth rate, G.R = X( $1-(Population)/(Carrying capacity of earth)$ )

In the 1960s,

The carrying capacity of the earth = 13 billion

Earth's population = 3 billion

X = $((Growth rate in 1960))/((1-(Population in 1960)/(Carrying Capacity in 1960)) )$

X = $0.021 (1-(3,000,000,000)/(13,000,000,000) )$

X = 0.021 × 0.77

X = 0.01617 = 1.6%

Current population calculation:

Growth Current population (C.p) = $0.016(1-(current population)/(current capacity))$

Growth Current population (C.p) = 0.016 $(1 - (6,800,000,000)/(3,000,000,000) )$

Growth Current population (C.p) = 0.016(-1.267)

Growth rate = -0.020272 = -2%

The predicted growth rate compare to the actual growth rate of about 1.2% per year at -2%.

The net income reported on the income statement for the current year was $250,771. Depreciation recorded on fixed assets and amortization of patents for the year were $35,093 and $10,838, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:End Beginning
Cash: $50,000 $60,000
Accounts receivable: 112,000 108,000
Inventories: 105,000 93,000
Prepaid expenses: 4,500 6,500
Accounts payable-
(merchandise creditors): 75,000 89,000

What is the amount of cash flows, from operating activities, reported on the statement of cash flows, prepared by the indirect method?

Answers

Answer:

The amount of cash flows, from operating activities, reported on the statement of cash flows, prepared by the indirect method is $268,702

Explanation:

The Net Income for the year is adjusted for non-cash items, items appearing elsewhere and items in movement of working capital to arrive at the net cash flow from operating activities using the indirect method.

Cash flows, from operating activities

Net income $250,771

adjusted for non-cash items

Depreciation $35,093

Amortization $10,838

adjusted for items in movement of working capital

Increase in Accounts receivable ($4,000)

Increase in Inventories ($12,000)

Decrease in Prepaid expenses $2,000

Decrease in Accounts payable (14,000)

Net Cash flows, from operating activities $268,702

Hernandez, Inc. signed a ten-year noncancelable lease for a heavy duty drill press. The lease stipulated annual payments of $300,000 starting at the beginning of the first year, with title passing to Hernandez at the expiration of the lease. Hernandez treated this transaction as a operating lease. The drill press has an estimated useful life of 15 years, with no salvage value. Hernandez uses straight-line amortization for all of its plant assets. Aggregate lease payments were determined to have a present value of $1,800,000, based on implicit interest of 10%. What amount of amortization expense should be recorded for 2021?

Answers

Answer: $120,000

Explanation:

Depreciation is to be based on the cost of the asset being depreciated. In this scenario, the cost of the heavy duty drill press will be the Present Value of all the lease payments for the entire 10 years because it is said that the title will pass to Hernandez Inc. afterwards so the lease payments can be considered as payment.

Straight Line Amortisation = $(Cost of Asset - Salvage Value)/(Estimated Useful Life)$