Answer:Inventory on hand Balance at the end = $4620
Explanation:
The question is unclear with regards to the requirements. however having dealt with questions of this nature in the past, I will assume the question requires us to calculate the cost of inventory on hand.
Opening Inventory balance = 180 x $28 =$5040
Purchased inventory = 290 x $30 = $8700
Cash sale (330 x $44) = $14520
Purchase inventory (230 x 34 ) = $7820
Cash sale (55 x $44) = $2420
Inventory on hand Balance = 5040+ 8700 - 14520 + 7820 - 2420
Inventory on hand Balance at the end = 4620 = $4620
A vocational school<span>, sometimes called a </span>trade school<span> or </span>vocational<span> college, is a type of educational institution, which, depending on country, may refer to secondary or post-secondary education designed to provide </span>vocational<span> education, or </span>technical <span>skills required to perform the tasks of a particular and specific job</span>
The monetary base is a liability, whereas Treasury notes are assets.
tables that represent the financial position of the federal reserve and commercial banks after this open-market operation:
A $ 300, B $ 300, C $ -300, D $ 300
a negative sign use for reduced values.
<h3>What do we mean by asset?</h3>
A resource having economic worth that a person, business, or nation owns or manages with the hope that it will someday be useful is referred to as an asset. A company's balance sheet lists assets. They are acquired or produced to raise a company's value or improve the operations of the company. Physical commodities like equipment, real estate, raw materials, and inventories are considered assets. Intangible objects like patents, royalties, and other forms of intellectual property are also considered assets.
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Answer:
$16,100 favorable
Explanation:
The computation of the direct labor efficiency variance for June is shown below:
= Standard rate × (standard hours - actual hours)
= $23 × (1.3 × 35,000 - 44,800)
= $16,100 favorable
hence, the direct labor efficiency variance for June is $16,100 favorable
The same should be considered and relevant
Answer:
$94.10 per unit
Explanation:
Total direct labor-hours 10,000
Total fixed manufacturing overhead cost $33,000
Variable manufacturing overhead per direct labor-hour $2.50
Job K332:
Number of units in the job 70
Total direct labor-hours 140
Direct materials $455
Direct labor cost $5,320
total variable overhead = $2.50 x 140 = $350
prorated fixed overhead = (total fixed overhead / total direct labor hours) x direct labor hours used = ($33,000 / 10,000) x 140 = $462
total product cost = direct labor + direct materials + variable overhead + prorated fixed overhead = $5,320 + $455 + $350 + $462 = $6,587
product cost per unit = $6,587 / 70 units = $94.10 per unit
