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Helen [10]
4 years ago
10

In August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $24,000 and endin

g work in process inventory of $13,000. During the month, $283,000 of costs were added to production. In the department's cost reconciliation report for August, the total cost to be accounted for would be: Multiple Choice a. $37,000 b. $307,000 c. $590,000. d. $614,000
Business
1 answer:
Ipatiy [6.2K]4 years ago
3 0

Answer:

b. $307,000

Explanation:

Costs to be accounted in cost reconciliation report = Opening balance of work in process + Cost of production added during the month

= $24,000 + $283,000

= $307,000

Cost reconciliation report shows what costs need to be accounted for in a month and the manner in which they are actually accounted for.

It is a step in preparation of production report which shows how beginning work in process inventory and the costs which are added to production during the period are recorded.

Hence in cost reconciliation report pertaining to the month of Aug, opening work in process and costs added to production during the month are recorded.

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3 years ago
(c) the limits of the terms of trade are determined by the comparative cost conditions in each country before trade: 1a
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The limits of the terms of trade are determined by the comparative cost conditions in each country before trade:

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

What is comparative cost ?

Comparative costs refers to comparing, using a comparative costs approach, the costs of signing into a privatized contract to the expenses of the state maintaining to provide the services that are the subject of the contract.

Therefore,

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2 years ago
The Whistling Straits Corporation needs to raise $70 million to finance its expansion into new markets. The company will sell ne
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Answer:

2,557,065 shares

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= 2,557,065.217

≈ 2,557,065

Therefore number of shares to be issued will be = 2557065 shares

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