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andrew11 [14]
3 years ago
14

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,100 of dir

ect materials and used $3,600 of direct labor. The job was not finished by the end of the month, but needed an additional $2,600 of direct materials and additional direct labor of $5,700 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B?
Business
1 answer:
Zina [86]3 years ago
7 0

Answer:

Total work in process = $12,900

Explanation:

Provided information,

Cost incurred during the month on this order

Direct Materials = $2,100

Direct Labor = $3,600

Provided overheads are 200% of the direct labor cost = $3,600 \times 200% = $7,200

Thus month end balance of work in process = $2,100 + $3,600 + $7,200

Total work in process = $12,900

Note: additional information regarding expenses to be incurred is to be ignored, and the above value is the value of work in process.

Total work in process = $12,900

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(1 pt) The manager of a large apartment complex knows from experience that 90 units will be occupied if the rent is 420 dollars
klasskru [66]

Answer:

Monthly rent of $345 would maximize revenue

Explanation:

Revenue = Price * Quantity

Quantity depends on price. We need to work out the relationship between price and quantity (that is, the demand function)

When the rent is $420, quantity demanded is 90 units:

When P = 420 we have Q = 90

Let x be the change in price. For every 3 dollar increase (decrease) in price demanded quantity will decrease (increase) 1 unit:

P = 420 + x (a) we have Q = 90 - x/3 (b)

To find the relationship between P and Q we seek to eliminate x.

Multiply both sides of (b) with 3 we have: 3Q = 270 - x (b')

From (a) and (b') we have: P + 3Q = 420 + x + 270 - x

=> P = 690 - 3Q

Revenue R = P * Q = (690 - 3Q) * Q = 690Q - 3Q^2

To find maximum set derivative of R to 0:

dR = 690 - 6Q = 0

=> Q = 690/6 = 115

To lease 115 the price should be P = 690 - 3Q = 690 - 3*115 = 345

3 0
3 years ago
External benefits in consumption refer to benefits accruing to those a. who bought and consumed the product.b. who are selling t
Sphinxa [80]

Answer:

The correct answer is d) other than the ones who consumed the product.

Explanation:

An external benefit happens when producing or consuming a good or service, causes a benefit to a third party or person.

For example:

When a constructor builds a new block of apartments, the developer should build access roads to the new construction. The external benefit appears when these roads can be used by the residents of other buildings and the neighbors.

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3 years ago
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Ivenika [448]
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Answer:

False

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With this, a member of the administrator group does not have all the characteristics of the administrator account.

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3 years ago
When can interest be included in the acquisition cost of a plant asset?
hammer [34]

Answer:

a. during the the construction period of a self-constructed asset

Explanation:

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