During May, Salinger Company incurred factory overhead costs as follows: indirect materials, $3,450; indirect labor, $2,020; utilities cost, $2,690; and factory depreciation, $4,750. Journalize the entry to record the factory overhead incurred during May.

Journal entry of factory overhead incurred as below

Explanation:

given data

indirect materials = $3,450

indirect labor = $2,020

utilities cost = $2,690

factory depreciation = $4,750

solution

we know that factory overhead include all the cost of manufacturing except direct material cost and direct labor cost

so that Journal entry of factory overhead incurred as

General Journal                      Debit              Credit

Factory Overhead                  $12910  

Materials                                                         $3450

Wages Payable                                              $2020

Utilities Payable                                              $2690

Accumulated Depreciation-Factory              $4750

The correct answer is letter "C": threats of substitute products and services.

Explanation:

Porter's Five Forces is an analysis scheme developed by American Harvard business school professor Michael E. Porter (born 1947). According to Porter, those market components are:

The ease of entry for new participants in the marketplace. If entry is easy, the market becomes highly competitive. The number and activity of a company's rivals. The more rivals are the greater the competition. The possibility of a new good or service coming onto the market and eroding sales of established products. The bargaining power of suppliers. The bargaining power of consumers.

Thus, the entrance of NuBreed Seed in the same market as Tom's fertilizer represents a substitute threat according to Porter's model.