Write the following In Words 689·104

What’s the code that 49 states have adopted to interpret and enforce contract law

VikaD [51]

Uniform CC (uniform commercial code)

7 0

3 years ago

Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Dire

victus00 [196]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Direct labor-hours= 140,000

Machine-hours= 70,000

Fixed manufacturing overhead cost $ 784,000

Variable manufacturing overhead cost per direct labor-hour $ 2.00

Variable manufacturing overhead cost per machine hour $ 4.00

Job 550;

Direct materials $ 175

Direct labor cost $ 225

Direct labor-hours 15

Machine-hours 5

We need to calculate the total cost of Job 550. First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Based on direct labor hour:

Estimated manufacturing overhead rate= 784,000/140,000= $5.6 per direct labor hour

Based on machine hour:

Estimated manufacturing overhead rate= 784,000/70,000= $11.2

Now, we can calculate the total cost:

Total cost= direct material + direct labor + allocated overhead

Based on direct labor hour:

Total cost= 175 + 225 + 5.6*15= $484

Based on machine hours:

Total cost= 175 + 225 + 11.2*5= $456

6 0

3 years ago

The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.

serious [3.7K]

Answer:

See below

Explanation:

According to the information above, there would be no sales if TAM is discontinued as there would be no cost traced to it safe for $145,000 for fixed manufacturing overhead.

We already know that the net operating loss was $55,000 the fixed manufacturing overhead of $145,000 would further increase the loss by $90,000

5 0

3 years ago

The House Subcommittee on Oversight and Investigations made its recommendations after looking into failures at each of the follo

zubka84 [21]

Answer:

The correct answer is ENRON.

Explanation:

Going back to December 2, 2001, is going back to one of the biggest scandals in economic history. That day, the energy company Enron declared bankruptcy. First global energy distributor, invoiced 100,000 million dollars annually.

Jeffrey Skilling, the mind behind accounting, did his last master move badly. Before the bankruptcy they were seen coming, he resigned his position alleging family reasons and sold the shares he had in the company. Four months later came bankruptcy. Supposedly, he didn't know anything about the critical situation of the company. He did not strain.

In 2004 he was charged with about thirty charges, including operating with confidential information, by selling about 60 million dollars in Enron shares before bankruptcy, deceiving the auditor or conspiracy.

7 0

3 years ago

Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Bal

AURORKA [14]

Answer:

The proforma income statement and balance sheet are found in the attached

Above all,additional financing of $1982 is required to finance the growth of 20%

Explanation:

The additional finance is necessary as the assets required for the additional growth of 20% is worth $27900 while debt plus equity(including the added profit of $1318) only gives $25918,there resulting in shortfall in finance of $1982.

Also, a different source of finance other than debt can be used depending the interest applicable since the amount involved is minute.

Download xlsx

6 0

3 years ago

Write the following In Words 689·104​

Write the following In Words 689·104