Answer:
Ending WIP= $17,000
Explanation:
Giving the following information:
The cost of the beginning work in process inventory is $70,000
The costs of goods manufactured is $935,000
Direct materials cost is $339,000
Direct labor cost is $219,000
Allocated overhead cost is $324,000
Using the following formula, we can calculate the ending work in process:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
935,000= 70,000 + 339,000 + 219,000 + 324,000 - Ending WIP
Ending WIP= $17,000
Option A
Explanation:
The following formula will be used while calculating the amount
The Amount in y year from x year dollar = ( the amount in x year / CPI of the x year) * CPI of the y year
the amount today
Solving the above equation, we get, = $37.5
the $10 in 1967 will purchase equal to the amount of $37.5 today
Therefore, the Option 1 is the correct option from the given ones.
could you explain some more please
Answer:
Income statement is prepared below.
Explanation:
Partial income statement
income from continuing operations = 978,750
Discontinued operations:
income from operations of discontinued component = 200,000
income tax expenses 25% of 200,000 = -50000
income from operations of discontinued component =150000
Net income = 1,128,750
Income from continuing operations
income before additional items = 1,400,000
less: restructuring cost -95000
Income before tax = 1305,000
less: tax 25% = -326,250
Income from continuing operations = 978,750
Answer:
a. will reduce profits by $40,000
Explanation:
A: TR - TC = 650 * 2,100 - [$300,000 + (650 * 1,700)]1,365,000 - 1,405,000 = $ - 40,000
Therefore, this campaign will reduce profits by $40,000
The advertising campaign would reduce profits by $40,000. This is calculated by subtracting the campaign cost and additional costs per bed day from the total revenue generated from bed days.
The subject of this question is the financial impact of a proposed advertising campaign on a system's profits. To determine the effect on profits, we need to calculate the difference between the anticipated additional revenue and the anticipated increased costs, and then subtract the cost of the advertising campaign.
In this scenario, the total additional revenue from 650 bed days, at $2,100 each, would be $2,100 x 650 = $1,365,000. The total additional costs from these bed days would be $1,700 x 650 = $1,105,000. Subtracting costs from revenue, we have $1,365,000 - $1,105,000 = $260,000. Finally, we subtract the cost of the campaign, $260,000 - $300,000 = -$40,000. So, the advertising campaign would reduce profits by $40,000. Therefore, the correct choice is (a).
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b. $18.00 per hour.
c. $1,000 per loan.
d. $800 per loan.
Answer:
overhead rate = 18 per hours
Explanation:
given data
indirect costs = $396,000
Department DLH Loans Processed Direct Costs
Consumer 14,000 700 $280,000
Commercial 8,000 300 $180000
to find out
overhead rate
solution
we get here overhead rate that is express as
overhead rate = ...............1
put here value
overhead rate =
overhead rate = 18 per hours
Answer:
More than $0 but less than or equal to $100.
Explanation:
The transportation cost is $2.
Load summary is AB = 12, AC = 25, AD = 12, BC = -19, BD = 21, CD = 34.
The total cost to move product between A and D and B and C combined is ;
A and D = 12 * $2 = $24
B and C = 19 * $2 = $38.