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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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You are considering two home security companies for your new house. The first company offers free installation and equipment, bu
Vesnalui [34]

Answer:

The second option is the cheapest.

Explanation:

Giving the following information:

The first company offers free installation and equipment, but will charge you $401.00 per year forever. The second company charges $783.00 for installation, but will charge you $204.00 per year forever. Assume that payments are at the END of the year. Your personal interest rate is 5.00% per year

To calculate the present value, we need to use the formula for a perpetual annuity:

PV= Cf/i

Cf= cash flow

i= interest rate

Option 1:

PV= 401/0.05= $8,020

Option 2:

PV= 204/0.05 + 783/1.05= $4,825.71

The second option is the cheapest.

5 0
3 years ago
Ray's Pizzeria is considering the addition of a 5th worker if this increases profit. Pizza sales increased from 300 per day to 3
Anika [276]

Answer:

60 pizzas

40 pizzas

Explanation:

Marginal product measures the change in output as a result of a change in input by one unit

Marginal product = change in output / change in input

Marginal product for the 4th worker

Change in output = 360 - 300 = 60 pizzas

Change in input = 4 - 3 = 1 worker

Marginal product = 60 / 1 = 60

Marginal product for the 5th worker

Change in output = 400 - 360 = 40 pizzas

Change in input = 5 - 4 = 1

Marginal product = 40 / 1 = 40

It can be seen that marginal product decreased from 60 to 40 when the 5th worker was added. This illustrates diminishing marginal returns.

The law of diminishing returns says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.

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3 years ago
This software application can be used to organize, analyze, and illustrate data.
PSYCHO15rus [73]

Answer:

its Excel :)

Explanation:

I learned abt it

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If houston company billed a client for $18,000 of consulting work completed , the accounts receivable asset increases by $18,000
Pavlova-9 [17]
The answer is

Revenues increases by 18000
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Ricardo works part time at a local computer store. One day, his manager approaches him about moving from cashier to floor superv
Ivenika [448]

Answer:Ricardo works part time at a local computer store. One day, his manager approaches him about moving from cashier to floor supervisor. Ricardo is excited because the promotion comes with a raise; however, the extra work hours would take away from time with his friends. In the end, he decides to take the promotion. Ricardo's opportunity cost is choosing the promotion over time with his friends.

<u>Explanation:</u>

When there are many options in front of us.Out of these options when we select one we have to forgo the other options. While we forgo other options we have to bear the loss. So the opportunity cost is the cost of the next best option that we have given up.

if Ricardo works extra hours than he will not get time to spend with his friends so this is his loss which is arising due to the benefit he is getting from promotion. This loss will be his opportunity cost.

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3 years ago
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