Weber Company purchases $44,270 of raw materials on account, and it incurs $52,730 of factory labor costs. Supporting records show that (a) the Assembly Department used $27,580 of raw materials and $33,320 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 150% of labor costs.

Journalize the assignment of overhead to the Assembly and Finishing Departments.

Account Titles and Explanation Debit Credit

Assembly Department - Work In Process $49,960 (debit)

Finishing Department - Work In Process $29,115 (debit)

Overheads $79,075 (credit)

Explanation:

Assembly Department

Assembly Department - Work In Process $110,860 (debit)

Raw Materials $27,580 (credit)

Salaries and Wages Payable $33,320 (credit)

Overheads $49,960 (credit)

Finishing Department

Finishing Department - Work In Process $65,215 (debit)

Raw Materials $16,690 (credit)

Salaries and Wages Payable $19,410 (credit)

Overheads $29,115 (credit)

Summary - assignment of overhead

Assembly Department - Work In Process $49,960 (debit)

Finishing Department - Work In Process $29,115 (debit)

Overheads $79,075 (credit)

a and c

explanation:

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.