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mash [69]
3 years ago
8

Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4

Business
1 answer:
Vikentia [17]3 years ago
8 0

Answer:

Job No 306 351,000  Cost Of Goods Sold

Job No 307  500,000  Finished Goods Inventory

Job No 308 256,500  Work In Process Inventory

Explanation:

We add the March balance and the April balances for each of the jobs to get the desired results.

Marcelino Co

Job No 306

March

Direct Materials   25000

Direct Labor         25000

Applied Overhead   12500

Opening Work In Process   62500

April

Direct Materials  131000

Direct Labor       105000

Applied Overhead  (50% of 105,000)  52,500

Total Costs Added In April  288500

Total Costs   351,000

Status on April 30 Finished & Sold

Included in Cost Of Goods Sold

Job No 307

March

Direct Materials   40000

Direct Labor         18000

Applied Overhead   9000

Opening Work In Process   67,000

April

Direct Materials  205000

Direct Labor       152000

Applied Overhead  (50% of 152,000)  76,000

Total Costs Added In April 433,000

Total Costs  500,000

Status on April 30 Finished & Unsold

Included in Finished Goods Inventory

Job No 308

March

Direct Materials   ------

Direct Labor        --------

Applied Overhead  -------

Opening Work In Process   ------

April

Direct Materials  105000

Direct Labor       101000

Applied Overhead  (50% of 101,000)  50,500

Total Costs Added In April  256,500

Total Costs   256,500

Status on April 30  In Process

Included in Work In Process Inventory

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The platforms that gives an employees an opportunity to provide an anonymous feedback about the colleagues behavior is known as  <u>whistleblowing platform</u><u>.</u>

<h3>What is whistle-blowing?</h3>

In a formal setting, a whistle-blow refers to a platform that allows people to tell authorities that the some people or group one is working for are doing something immoral or illegal.

In conclusion, this platform ensures a protection of whistle-blower nevertheless.

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3 0
2 years ago
A developer purchased three oceanfront lots, each measuring 75 by 110 feet, for $20 per square foot. The developer later sold th
AleksAgata [21]

Answer: 21%

Explanation: The developer purchased 3 properties and he can buy each property for $20 per square foot.

Therefore: 75 × 110 =8250 square feet.

8250 × $20 = $165 000 per lot.

Each lot was sold for $200 000. Which means the developer made profits of:

$200 000 - $165 000 = $35 000 per lot.

The percentage of profit on each lot is:

Percentage of profit on cost amount:

= \frac{35 000}{165 000}

= 0.2121212 recurring × 100

= 21,21%

Percentage of profit on sale amount:

= \frac{35000}{200000}

= 0.175 × 100

= 17,5%

3 0
3 years ago
The identify options step in the operational risk management (orm) process includes implementing engineering, administrative, an
stiks02 [169]
The correct answer for this statement would be TRUE. In the Operational Risk Management or ORM, this involves the careful decision making and should be systematic when managing  hazards that endanger naval resources and one of the steps is implement controls which include engineering c<span>ontrols, administrative controls, and personal protective equipment. Hope this helps.</span>
5 0
3 years ago
If the price of product x rises, then the resulting decline in the amount purchased will:_____.
MissTica

If the price of product x rises, then the resulting decline in the amount purchased will<u> increase the marginal utility of this good.</u>

The difference in overall utility that results from consuming one extra unit of a good is known as marginal utility. Economists utilize the idea of marginal utility to estimate the quantity of a good that consumers will buy.

When the overall utility is increased by the consumption of an additional item, positive marginal utility occurs. On the other side, negative marginal utility arises when the overall utility is reduced by the consumption of one extra unit. Progressive taxation are frequently defended using the law of diminishing marginal utility.

Negative, zero, or positive marginal utility are all possible.

Hence, option B is the correct answer

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4 0
2 years ago
Cold Creek Kayaks, a manufacturing company, has beginning finished goods inventory of $25,000; cost of goods manufactured of $32
Lelu [443]

Answer:

The cost of goods available for sale is $345,000

Explanation:

Beginning finished goods inventory   $25,000

Cost of Goods manufactured           $320,000

Cost of Goods available for sale,

             =  Beginning finished goods inventory + Cost of Goods manufactured

             = $25,000 + $320,000

            = $345,000

6 0
2 years ago
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