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1 year ago

The Heidelberg Company began the period with a balance of $13,000 in its Work in Process (WIP) account. During the period the

Business

1 answer:

mixas84 [53]1 year ago

6 0

The cost of goods manufactured is $34,000

What is cost of goods manufactured?

The cost of goods manufactured is the cost of the units of finished goods manufactured during the period under review.

The cost of goods manufactured is determined as opening work-in-process plus labor direct costs, direct materials cost, applied manufacturing overhead and thereafter we deduct the ending work in process, note that the estimated overhead is applicable since the materials are computed using the purchase cost

cost of goods manufactured=$13,000+$16,000+$10,000+$17,000-$22,000

cost of goods manufactured=$34,000

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Charlotte is trying to measure her salon's productivity during the first quarter. For this period, she should divide ________ by

IRISSAK [1]

Answer:

the total salon services and products sold

Explanation:

Productivity can be regarded as ratio of output volume to that of the volume of inputs. It give the measurements of

production inputs efficiency, these input could be labour, capital. Productivity helps to know how these inputs are been used in production of given level of output in economy.

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3 years ago

Assuming a current ratio of 1.00 and an acid test ratio of .75 how will the purcahse inventory with cash affect each ratio

MAVERICK [17]

The current ratio will remain the same as 1 only

The acid-test ratio will decrease.

The current ratio will stay the same because there won't be a change in current liabilities, and the change in current assets won't have any net consequences because the asset will grow due to an increase in inventory, but it will also decrease by the same amount due to a decrease in cash, so the current ratio will stay the same.

The acid-test ratio will decline since the numerator will shrink owing to a cash shortage, and the growth in inventory won't be taken into account because current assets aren't included in this ratio.

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2 years ago

Workers who do not have the expectation of steady, full-time employment are called ________ workers.

Tems11 [23]

These workers are called contingent workers
Contingent workers are the type of workers that hired per-project basis. This make up Freelancers, consultants, or contractors.
Since technically these workers are not a part of the company, the company is not require to give benefit to them like its full-time workers.

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3 years ago

Nezzie invests in 300 shares of stock in the fund shown below. Name of Fund NAV Offer Price LKIT Mid-Cap $16. 58 $16. 99 Nezzie

LenKa [72]

The correct amount of net asset value is $33. 66. Net asset value is termed as the value of the asset after the evaluation of the company's profit and evaluating the paid-off debt of the firm.

Computation of the total net value:

$\begin{aligned}\text{The Total Net Value}&=(\text{ Number of shares} \times \text{Offer price}) + \text{profit}\\\text{The Total Net Value}&= 300 \:\rm shares \times \$16.99 + \$5000\\\text{The Total Net Value}&=\$10,097\end{aligned}$

The computation of the net asset value is:

$\begin{aligned} \text{The Net Asset Value}&=\dfrac{\text{ Total Net Value}}{\text{Total Outstanding Shares}} \\\text{The Net Asset Value}&= \frac{\$10097}{300\:\rm shares} \\ \text{The Net Asset Value}&= \$33.66\end{aligned}$

Therefore, the correct option is D.

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2 years ago

Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter’s pro

VLD [36.1K]

Answer:

raw materials 197900

accounts payable 197900

WIP 161830

factory overhead 5270

raw materials 167100

WIP 85500

factory overhead 7600

wages payables 93100

factory overhead 53000

accounts payable 53000

factory overhead 17150

acc. Dep-equipment 17150

dep expense* 14800

acc. Dep- Off Building 14800

WIP** 70965

factory overhead 70965

Finished Goods*** 251747

WIP inventory 251747

Explanation:

* as the building is not related to the manufacturing process we cannot capitalized through inventory We will record as cost ofo the period therefore, depreciation expense

** the aplied overhead will be the amount of direct labor added during the period time 83%

85,500 x 83% = 85,500 * 0.83 = 70,965

*** we will have to add up the jobs cost to detemrinate how much of the work in process inventory becomes finished good

Job Materials // Labor // Overhead

A20 $ 37,740 $ 19,200 + 19,200 x 0.83

A21 $ 44,320 $ 23,600 + 23,600 x 0.83

A23 $ 41,770 $ 27,100 + 27,100 x 0.83

Total 251,747

4 0

3 years ago