Answer:
Beginning WIP= 122,000
Explanation:
Giving the following information:
Cost of goods manufactured= $524,000
Ending work in process= $79,000
Raw materials used in the production of $89,000
Direct labor of $145,000
Manufacturing overhead of $247,000
To calculate the beginning work in process we need to use the cost of goods manufactured formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
524,000= Beginning wip + 89,000 + 145,000 + 247,000 - 79,000
Beginning WIP= 122,000
Selection Funnel Process should be decided by the organisation to have good candidates that would help to Grow the business.
Explanation:
1. Positive Attitude -. The candidate should have a optimistic thinking towards every situation he/she faces.
2. Cooperative/Teamwork - The candidate should have the sportsman spirit to be able to work under or above as a team.
3. Creative -The candidate should have a create mind so as to innovate and give new ideas , suggestion that help the company to grow.
Answer:
The correct answer is B)$3600 U.
Explanation:
The labor quantity variance is difference between actual hours consumed to produce the product and standard hour that should be taken to produce the product. The detail calculation are given below.
labor quantity variance= Standard rate (Standard quantity - actual quantity)
= 18 (4,000-4,200)
= $ 3,600 un-favorable
Labor quantity variance is un-favorable. Which means more labor cost due to more labor hour comsumed.
Answer: 6.29%
Explanation:
Required return = Risk free rate + beta ( expected return - risk free rate)
Beta.
Required return = 3.63% + 0.493(9.03% - 3.63%)
= 6.29%
Answer:
d.$7,091 increase
Explanation:
From the accounting equation, assets = liabilities + equity. If the total liabilities decrease by $27,275, the assets will also decrease by $27,275. Similarly, when stockholders' equity increased by $34,366, the amount of assets will increase by the same amount. The net increase in assets will be $7,091, which is the difference between the increase in stockholders' equity and the decrease in liabilities ($34,366 - $27,275).
