BUSINESS COLLEGE

The Fabricating Department started the current month with a beginning Work in Process inventory of $11,100. During the month, it was assigned the following costs: direct materials, $77,100; direct labor, $25,100; and factory overhead, 70% of direct labor cost. Also, inventory with a cost of $114,500 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is:a.$16,370.

b.$113,300.

c.$83,839.

d.$198,339.

e.$68,970.

Answers

Answer 1
Answer:

Answer:

a.$16,370.

Explanation:

beginning WIP cost:      11,100

cost added during the period

materials                       77,100

direct labor                  25,100

overhead 70% of DL = 17,570

total added                  119,770

Total cost to be accounted for: 130,870

Cost assignned to

transferred out       114,500

ending WIP               16.370‬

Total cost assigned to 130,870

As the cost to be accounted and the cost assigned to should match we contruct that and solve for the ending WIP

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This​ year, Druehl,​ Inc., will produce 60 comma 000 hot water heaters at its plant in​ Delaware, in order to meet expected global demand. To accomplish​ this, each laborer at the plant will work 160 hours per month. If the labor productivity at the plant is 0.15 hot water heaters per labor​ hour, how many laborers are employed at the​ plant?

Answers

Answer:

The answer is: 2500 employees

Explanation:

Giving the following information we need to calculate the number of employees:

Total production= 60000

Hours per worker= 160 hours

labor productivity= 0,15

It takes to a single employee= 1/0,15= 6,67 hours to make a heater.

Each worker produces=160/6,67=24 heaters a year.

Now we can calculate the number of workers:

60000/24= 2500 employees

Last year there was no change in either the raw materials or the work in process beginning and ending inventories. However, finished goods, which had a beginning balance of $25,000, increased by $15,000. If the manufacturing costs incurred totaled $600,000 during the year, the cost of goods available for sale must have been:_______.a. $585,000
b. $600,000
c. $610,000
d. $625,000

Answers

Answer:

d. $625,000

Explanation:

cost of goods available for sale = cost of goods manufactured during the current period + finished goods inventory at the beginning of the period

  • cost of goods manufactured during the current period = $600,000
  • finished goods inventory at the beginning of the period = $25,000

cost of goods available for sale = $600,000 + $25,000 = $625,000

cost of goods sold = cost of goods available for sale - ending inventory = $625,000 - $40,000 = $585,000

Final answer:

The Cost of Goods Available for Sale is calculated by adding the Beginning Inventory and the Manufacturing Costs together, resulting in a total of $625,000.

Explanation:

To compute the Cost of Goods Available for Sale, you would add your Beginning Inventory (the cost of the goods on hand at the start of the period) to the cost of the purchases made during the period - which, in this case, would be the manufacturing costs. Given that there were no changes in the raw materials or work in process inventory and since the manufacturing costs incurred totaled $600,000, we can outline the following:

Beginning Inventory of finished goods = $25,000

Manufacturing costs incurred = $600,000

Thus, to calculate the Cost of Goods Available for Sale:

Cost of Goods Available for Sale = Beginning Inventory + Manufacturing Costs=> $25,000 + $600,000 = $625,000

So, the Cost of Goods Available for Sale is $625,000.

Learn more about Inventory management here:

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The risk-free rate is 4.2%, and the expected return on the market is 10%. A publicly-traded bond promises to return 8%. The expected return on the bond investment is 5.5%. What is the bond's implied beta?a) 0.45
b) 0.22
c) 0.73
d) 1.38

Answers

Answer: the bond's implied beta= 0.22-b

Explanation:

According to Capital Asset Pricing Model CAPM, we have that  

Expected return =Rf + β(Rm - Rf)

Rm is expected return on market

β= beta of bond

Rf=risk free return

therefore

Expected return =Rf + β(Rm - Rf)

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The owners of a chain of​ fast-food restaurants spend $ 25 million installing donut makers in all their restaurants. This is expected to increase cash flows by $ 12 million per year for the next five years. If the discount rate is 6.6​%, were the owners correct in making the decision to install donut​ makers? Round answer to the nearest million.

Answers

Answer:

As the NPV of the project is $25 million and is positive, the owners made a correct decision to install donut makers.

Explanation:

An investment will add value when the Net Present Value of an investment is positive. The net Present Value (NPV) of an investment is the present value of all the future cash flows expected as a result of an investment less the initial cost of the project/investment.

As the cash flows from the investment will be a constant $12 million after equal intervals of time for a period of five years, this can be treated as an annuity and the NPV of the project can be calculated as the Present value of $12 million annuity less the initial cost of the investment of $25 million.

NPV = 12 * [ 1 - (1+0.066)^-5  /  0.066]  -  25

NPV = $24.73 million or $25 million rounded off to the nearest million

A company has three products possible products that it can produce in a machine intensive production process. Capacity is constrained by the number of hours the machines can run during a period and the products are so popular that all units produced will be sold. Here is additional information:​ Product A Product B Product C
Contribution per unit $20 $30 $40
Machine hours per unit 2.5 3.25 4.5
Which of the following would be an accurate conclusion based on these facts?

A. Since Product C has the greatest contribution margin per unit and therefore emphasizing its production and sales will lead to the highest operating income in the short-run

B. Since A takes less time to produce, maximization of operating income will occur by emphasizing production and sales of A.

C. A balanced mix of 1/3 A, 1/3 B, and 1/3 C should be the goal when maximizing operating income in the short-run.

D. Product B should be emphasized if the goal is to maximize contribution margin.

Answers

Answer:

D

Explanation:

                                          A             B             C

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Machine hours per unit  2.5          3.25       4.5

Contribution per hour     8             9.23       8.89

Product B has the highest contribution per hour .

It is stated that the capacity is constrained by the number of hours the machine can run during a period . and all products produce will be sold. This has made the machine hour the determinant factor in the situation.

Therefore product B should be emphasized if the goal is to maximize contribution margin.

Which economic system has no formal government ​

Answers

Market economic system
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