Spencer inc. applies overhead to production at a predetermined rate of 80% based on direct labor cost. job no. 130, the only job still in process at the end of august, has been charged with manufacturing overhead of $5,000. what was the amount of direct materials charged to job 130 assuming the balance in work in process inventory is $20,000?

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.