Compute the amount of raw materials used during August if $39,000 of raw materials were purchased during the month and the inventories were as follows:Col1 Inventories Raw materials Work in process Finished goods
Col2 Balance August 1 $3,500 $12,000 $18,000
Col3 Balance August 31 $3,600 $10,000 $16,000

Answers

Answer 1
Answer:

Answer:

$38,900

Explanation:

The formula and the computation of raw material used is shown below:

Raw material used = Beginning balance of raw material + purchase made during the year - ending balance of raw material

= $3,500 + $39,000 - $3,600

= $38,900

Simply we added the purchased amount and deduct the ending balance of raw material to the beginning balance of raw material so that the accurate amount can come


Related Questions

Stoltenberg Co. had the following information for the month of June: Work in process beginning inventory, June 1 2100​ units Units transferred in 16,300​ units Work in process ending inventory, June 30 4100​ unitsBeginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process.How many units were completed in June?The equivalent units for materials under the weighted-average method are calculated to be?
Each of the following are classified as a noncash investing or financing activity except: a. retirement of debt by issuing stock b. reissuing treasury stock c. purchase of long-term assets by issuing bonds d. purchase of noncash assets by issuing equity
Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $10,000 not due for three years. The interest rate on the note is 7%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) What amount did Canliss borrow? (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)
Megan Brink is offered the possibility of investing $6,651 today at 6% interest per year in a desire to accumulate $10,000. How many years must Brink wait to accumulate $10,000
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244,200 and 9,200 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,000 and actual direct labor-hours were 6,100. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.)

A. Think of a product and describe the stages of production the product goes through.

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The life cycle of a product is associated with marketing and management decisions within businesses, and all products go through five primary stages: development, introduction, growth, maturity, and decline. Each stage has its costs, opportunities, and risks, and individual products differ in how long they remain at any of the life cycle stages.

An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute a/an series. The equation is: A stock with no maturity is an example of a perpetuity. Quantitative Problem: You own a security that provides an annual dividend of $115 forever. The security’s annual return is 5%. What is the present value of this security? Round your answer to the nearest cent. $

Answers

Answer:

The present value of security is $2300

Explanation:

The value or price of the perpetuity today is calculated by dividing the constant cash flow it provides per period by the interest rate or the rate of return (r). Thus the price of this perpetuity according to the formula will be,

Value of perpetuity = Cash flow / r

Value of perpetuity = 115 / 0.05

Value of perpetuity = $2300

Brody Corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory for January consisted of 1,030 units that were 75% completed. 10,000 units were started into the process during January. On January 31, the inventory consisted of 400 units that were 40% completed. What would be the equivalent units for conversion cost using the weighted average method

Answers

Answer:

Equivalent units for conversion cost is 10,790 units

Explanation:

Completed and Transferred (1,030 + 10,000 - 400) x 100 % = 10,630

Ending Work In Process 400 x 40%                                         =     160

Total  equivalent units for conversion cost                              = 10,790

A labor contract provides for a first-year wage of $10 per hour, and specifies that the real wage will rise by 3 percent in the second year of the contract. The CPI is 1.00 in the first year and 1.07 in the second year. What dollar wage must be paid in the second year?

Answers

Answer:

The wage per hour must be paid in the second year is $11.021 per hour.

Explanation:

Please find the below for detailed explanations and calculations:

We have the real wage stipulated in the contract must be grown at 3% in second year in comparison to first year.

Thus, the nominal pay rise must grow at the higher rate than 3%, in the way that it may cover the effect from inflation to ensure real rise is 3% as agreed in the labor contract.

As a result: Nominal increase (%) = (1+ real increase rate) x CPI of second year in comparison to first year - 1 = (1+3%) x 1.07 -1 = 10.21%.

=> Wage per hour must be paid in the second year = Wage per hour in first year x ( 1 + Nominal increase) = 10 x (1 + 0.1021) = $11.021.

Select True or False for each of the following statements about ID requirements.True False
You are required to request and obtain a valid form of photo identification from a customer at the beginning of the
transaction or when prompted by the register.
If a customer tries to avoid giving you their ID, you can still go through with the transaction.
You must not accept a post office box as a physical address when processing a financial service transaction.
Submit >

Answers

In a financial service transaction, it is required the customer provides a valid form of photo identification (true), it is not possible to proceed without an identification (false), and the real physical address of the customer is required (true).

A financial service transaction is a service that allows customers to send money or receive money. This service has become quite popular in the last years, and many banks around the world offer it.

Moreover, there are specific rules and protocols for financial transactions as identity theft and fraud are possible. These rules include:

  • Asking customers for a valid form of photoidentification such as showing their ID to prove the identity of the customer
  • Asking the customer for his ID and refusing to continue with the transaction if the ID is not shown or the customer refuses to give necessary information to validate his/her identity
  • Asking for the physical address of the customer and not accepting a general address or a post office box address

Based on this, the first statement is true, the second one is false and the third one is true.

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How might different types of office design influence employee social interaction, collaboration, and creativity? Should there be encouraged even in organizations without an innovative culture?

Answers

Answer:

The definition is defined in the clarification section following, according to the particular circumstance.

Explanation:

  • As either a consequence of any understanding that growing the success of their workforce would be the primary objective, certain corporations are rational organizations. Whenever we prefer seeing it as a data work economy, therefore say that perhaps the organization's workers are the driver that makes the business develop, grow and innovate. Via the job style, the efficiency of the employees of the organization could be supported and overall productivity could be exaggerated by enhancing their quality of life as well as wellbeing.
  • From arranging the surface including its ground, the function style could be done to allow the naturally lightweight to infiltrate into another surface in an incredibly appropriate volume. As an example, organizations are going to use sunglasses throughout areas where privacy is not necessary. The views should be expanded and the outside room including its offices should then be provided to the workers for their use. In recess, workers can be encouraged to go somewhere so they can relax.
  • Employees may also be equipped with headphones or modern techniques such as auditory masking to concentrate on their output without distracting them from being interrupted. It can also be normal for break spaces to construct the workers to feel pressure incredibly very challenging day.
  • If businesses do not have a creative culture, so they can mutually enable workers to be discomfort and also have a straightforward mindset through thinking and they'll use something in their jobs or otherwise exaggerate performance, although as a consequence of the whole fashion. These are not created, they are the basic needs that should be supplied by every organization.

Final answer:

Office design influences employees' social interaction, collaboration, and creativity. Encouraging a culture of collaboration and creativity benefits all organizations, fostering productivity, job satisfaction, and retention. Balancing collaborative and private spaces within the design is crucial.

Explanation:

Different types of office design significantly influence employee social interaction, collaboration, and creativity. For example, an open-plan office may encourage more spontaneous conversations and collaboration compared with a cubicle-based layout, which tends to isolate employees, limiting their social interactions. Conversely, a cubicle-based design might allow for more focused work free from disruptions.

Socializing employees through shared experiences can impact their opinions about various policies. Therefore, designing the workplace to facilitate social interaction may align employees' thinking, leading to more cohesive and cooperative attitudes.

Workplace socialization can occur both informally and formally. Informal socialization can be fostered through common areas where employees congregate, such as a shared kitchen or a communal lounge. Formal socialization can be established by implementing structured activities or meetings that encourage interactions between employees.

Encouraging a culture of collaboration and creativity should be a standard practice in all organizations, even those that don't initially seem innovative. A culture of collaboration can increase productivity, job satisfaction, and workplace retention. Organizations increasingly structure themselves to delegate work to teams, capitalizing on diverse skills, experience, and expertise.

However, it's essential to balance the need for collaboration with the need for focused, individual work. Using a variety of office design elements such as quiet zones, collaboration areas, and private spaces can help achieve this balance.

Learn more about Office Design here:

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