Is the law of precedent a minor part of American law?

Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a period, together with informatio

MrRissso [65]

Answer:

Cost of completed WIP: 30,240

Total cost of tranferreed-out: 729,990

Explanation:

We assume it works with weighted-average process costing

Beginning 9,000 50% = 4,500 $22,050

Finished goods 207,000 units

Direct Materials 212,000 units at $1.6

Direct labor $276,000

Overhead $ 107,400

Total Overhead $383,400

started 212,000 units

finished 207,000 units

ending 5,000 units at 75%

EU Conversion Cost 207,000 + 5,000 x 75% = 210,750

Cost per equivalent unit: 383,400 / 210,750 = 1,819217

Cost of beginning WIP comepleted

22,050 beginning + 1.82 x 4,500 = 30,240

Cost of the units transferred to finished goods:

22,050 beginning WIP balance

+ 207,000 x $1.6 materials

+ 207,000 x $1.82 conversion cost

Total: 729,990

7 0

2 years ago

On August 1, Ernie wrote to Elsie offering to sell Elsie his car for $7,600, and he promised to hold the offer open for ten days

Daniel [21]

Answer:

Yes, the contract is still valid.

Explanation:

Let us first clarify some terms first.

A contract is referred to as a legally binding agreement that is recognized, known and governs the rights and duties of the parties involved in an agreement. A contract is legally enforceable because it meets the features and approval of the law. An agreement basically involves the exchange of goods, transactions, services, money, or promises. In the case of breach of contract, the law awards the injured party access to legal remedies which include damages and cancellation.

Letter of revocation is an act by which a person having authority, calls back or in other words annuls a power, gift, or benefit, which had been bestowed upon another.

Yes, the contract still holds. This is due to the reason that the letter had a date mentioned on it which is August 4, a day before the contract was accepted even though the revocation letter arrived late.

Therefore, as regards to the date on the letter, the contract is still valid.

3 0

2 years ago

A salesperson is trying to sell you a phone that has 16gb of memory saying, “that’s enough space to record an hour of high quali

Reptile [31]

A 16GB memory has the capacity to hold much more than an hour of high quality video. The quality of a video determines how much space it will occupies. An average top quality video can not be more than 3.6 GB in size. This means that, a 16 GB memory will hold more than fours hours long video recording. It can be much more than this is the video is of low quality.

5 0

2 years ago

Read 2 more answers

Steven puts aside some of his money for future use. He is a _____ .

gavmur [86]

The answer is A, a saver.

He is putting money aside for later instead of spending it on anything else

4 0

2 years ago

Read 2 more answers

Prior to closing, total revenues were $12,840,000 and total expenses were $9,975,000.

AnnZ [28]

Answer:

Owner's capital account is increased by $2,235,000.

Explanation:

At the end of the period the closing entries are made to close the temporary accounts of Revenue and expenses and transfer the balance to retained earning or owners capital account.

Net income for the year = Total revenue - Total Expenses

Net income for the year = $12,840,000 - 9,975,000

Net income for the year = $2,865,000

Changes in owner's capital account during the period = net income / loss - drawings during the period

Changes in owner's capital account during the period = $2,865,000 - $630,000

Changes in owner's capital account during the period = $2,235,000

8 0

2 years ago