Answer:The amount that should be reported in ending Work in Process Inventory is:
=$149,500
Explanation:
Work-in-process inventory is materials that are unfinished or partially completed in a production process.
Work in Process inventory = Direct materials cost+ conversion cost
= (equivalent units of direct materials x direct material cost per unit) + (equivalent units of direct materials x conversation cost per unit )
=26,000 x $1.90 + 26,000 x $3.85
$49,400 + $100.100
=$149,500
The amount that should be reported in ending Work in Process Inventory is:
=$149,500
Answer:1408750
Explanation:
Direct Materials 245,000 x 1.90 = 465500
Conversión 245,000x3.85= 943250
Total transferred to finished goods = 465500+943250=1408750
Answer:
The correct answer is b. after taxes minus preferred dividends.
Explanation:
Net profit:Add all the revenues of the firm and deduct all the expenses of the firm. If the amount come in positive, the firm earns profit else suffered loss.
In mathematically,
Net profit = Sales revenue - all expenses
The earning which is available to shareholders is net profit after paying preference dividend to preference shareholders.
As first we have to pay the dividend to preference shareholders then we distribute the income to equity shareholders.
In mathematically,
EBIT - taxes - Preferred dividend
Hence, the correct option is b. After taxes minus preferred dividends.
B. A debit to delivery expense
C. A credit togross profit
D. A credit to inventory
Answer:
C. A credit togross profit
Explanation:
An entry to Gross Profit does not exist because the gross profit it's the result of the total sales minus the Cost of Goods, so the Gross Profit it's a result and not a journal entry.
The other entries are used as follows:
A. A debit to cost of goods sold
D. A credit to inventory
B. A debit to delivery expense
A credit to Cash
Answer:
d. $36
Explanation:
The Contribution margin is the net of selling price and variable cost of a product. It is calculated by deducting the variable cost from the selling price of a product.
Cake Pie Cookies
Current selling price $30 $18 $5
Variable cost $12 $7 $1
Contribution margin $18 $11 $3
Production hours 2 1.5 0.25
Contribution margin/hr. $9 $7.33 $12
Required Contribution margin per hour of cake = $12
Required Contribution margin = $12 x 2 = $24
Required Selling Price = Contribution margin + variable cost = $24 + $12 = $36
Note there is a mistake in the calculation of Contribution margin of Cookies as it is given $3 but after deducting the variable cost from selling price is should be $4 ( $5 - $1 ), I used the given contribution margin for the calculation.
Answer:
SecuriCorp
The First level Allocations will be:
Of a total cost of $2,540,000
Travel allocated costs is $915,000
Pick Up and Delivery is $451,000
Customer Service is $690,000
Others is $484,000
Explanation:
the next level of allocation will be to determine the cost rate based on the Activity Measures, however these were not provided in the question
Activity Based Costing is a costing technique that allocates costs based on the activity level of certain pre-determined cost drivers.
Instead of taking the pool of costs and dividing it by Volume to arrive at an Average Costs, Activity Based Costing believes all components leading to the cost generated should bear the burden of the cost by determining the Driver rate per activity.
If from the example we have worked above, we are told the number of miles covered is 20,000 miles and the actual Cost we worked out for Travels was $960,000. This implies we have an activity rate of $48 Per mile covered as travels costs.
The same would apply to Customer Services if for example 3,000 customers were attended to in the period, the Rate Per Customer will become $690,000 divided by 3,000 = $230 Per Customer
With these indices, it is easy to then allocate costs on the basis of miles traveled + Customers Attended to etc
To allocate costs to the activity cost pools, multiply the total costs by the resource consumption percentages provided for each activity.
In order to allocate costs to the activity cost pools, we need to use the distribution of resource consumption percentages provided. Let's calculate the cost allocation for each activity cost pool:
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After a company goes public through an initial public offering (IPO), its stock becomes available for investors to buy and sell on an exchange.
What are you called when you own shares of a corporation's stock?
An individual or organisation that owns shares or stocks in a firm is referred to as a shareholder. Investors have the right to partial ownership of a certain firm when they own shares or stocks in that company. If the corporation is in trouble, shareholders may earn dividends and have some protection from liabilities.
The primary distinction between preferred and common stock is that common stock grants stockholders voting rights, whilst preferred stock does not. Preferred shareholders get dividend payments prior to regular shareholders since they have preference over the company's income.
To learn more about company goes visit:brainly.com/question/13681799
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b. actual overhead and budgeted overhead based on standard hours allowed.
c. budgeted overhead based on standard hours allowed and budgeted overhead based on actual hours worked.
d. budgeted overhead based on standard hours allowed and the overhead applied to production.
Answer: Between actual overhead and budgeted overhead based on standard hours allowed---- B
ExplanatioN: The controllable variance is defined as the difference between actual expenses or overhead incurred and the budget overhead allowance based on standard hours allowed for work done. The variance is unfavorable controllable variance If the actual overhead is greater than the budgeted overhead based on standard hours allowed for work done and is termed favorable controllable variance if the opposite occurs ie actual overhead being less than budgeted overhead based on standard hours allowed for work to be done.