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N76 [4]
3 years ago
12

The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been o

btained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts.
Direct Materials Inventory
Beg. Bal. 8,200 ? Transferred Out
Purchases ?
End. Bal. 6,600
Cost of Goods Sold
59,000
Work-in-Process Inventory
Beg. Bal. 7,700 ? Transferred Out
Materials 18,400
Labor 13,700
Overhead 8,200
End. Bal. ?
Finished Goods Inventory
Beg. Bal. ? ? Transferred Out
Transferred in 39,700
End. Bal. 4,400
What is the value of the ending Work-in-Process inventory balance?
a. $4,400.
b. $0.
c. $8,200.
d. $8,300.
Business
1 answer:
kvasek [131]3 years ago
8 0

Answer:

d. $8,300.

Explanation:

             Direct Materials

Beginning     8,200

Purchases   *16,800

Requisitions             18,400

Ending          6,600

We solve for purchases:

6,600 + 18,400 - 8,200 = 16,800

WIP Inventory

Beginning                7,700

Materials                18,400

Labor                     13,700

Overhead               8,200

Transferred Out    <u>             39,700*</u>

Ending                    8,300

The transferred-out from WIP inventory is the transferred-in for Finished Goods

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lawyer [7]

Answer:

  1. True
  2. False
  3. True
  4. True

Explanation:

When an economy has a strong balance sheet and a declining budget deficit, it means that there is less need to borrow from the market which would keep rates lower.

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3 years ago
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Krazy Kayaks sells its entryminuslevel kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per
Daniel [21]

Answer:

Net operating income= 565,000

Explanation:

Giving the following information:

Krazy Kayaks sells its entry-level kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per month for volumes up to​ 1,100 kayaks. Above​ 1,100 kayaks, monthly fixed costs are​ $60,000.

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Gross profit= 625,000

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Net operating income= 565,000

7 0
2 years ago
Calculate gross profit for the following situation: National Storage Company had sales of $1,000,000, sales discounts of $2,500,
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Answer:

$475,500

Explanation:

Sales is $1,000The discountscount is $2500

Sales return and allowances are $15,000

The cost of goods sold is $525,000

Therefore the gross profit can be calculated as follows

= 1,000,000-2,500-15,000-525,000

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Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.90, but management expects to reduce the p
GrogVix [38]

Answer:

The price of the stock is $66.5

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The constant growth model of the DDM approach will be used to calculate the price of such a stock today.

The formula for the constant growth model is,

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As the growth rate in the company's dividedn is negative, the growth rate will be -5%.

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