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FinnZ [79.3K]
3 years ago
9

he following accounts are from last year's books of Sharp Manufacturing: Raw Materials Bal 0 (b) 156,000 (a) 169,000 13,000 Work

In Process Bal 0 (f) 518,000 (b) 133,000 (c) 170,000 (e) 215,000 0 Finished Goods Bal 0 (g) 470,000 (f) 518,000 48,000 Manufacturing Overhead (b) 23,000 (e) 215,000 (c) 27,000 (d) 158,000 7,000 Cost of Goods Sold (g) 470,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year
Business
1 answer:
arlik [135]3 years ago
3 0

Answer:

$133,000

Explanation:

The amount of direct material used for the year is $133,000 plus the direct material used is also debited to work in process. And the $133,000 is come from work in process account in (B)

All other information i.e to be given is not relevant. Hence, ignored it

And, the direct material used is come from

= Opening inventory + purchase of raw material - ending inventory

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Giles lives in a society where people are expected to solve their own problems. During business meetings, leaders do not waste t
muminat

Answer:

Giles lives in a low humane orientation society.

Explanation:

To begin with, humane orientation is the degree which a society promotes and rewards individuals for being altruistic (not selfish), fair, generous and friendly to others in the society. Any society that posses and encourages such good traits can be said to be a high humane orientation society.  

On the other hand, any society where people are selfish, unfair, not generous and unfriendly is a low humane orientation society. That is exactly the kind of society which Giles lives in.

3 0
3 years ago
Michael works as a financial advisor in a doctors office. The two organizations that Michael most likely belongs to are the..
dybincka [34]

Michael works as a financial advisor in a health practitioner's office. the 2 agencies that Michael maximum possibly belongs to are the: A. AFP and AMA

A monetary adviser or financial advisor is a professional who offers economic services to clients based totally on their monetary state of affairs. In many nations, financial advisors should whole precise education and are registered with a regulatory body in an effort to provide advice.

A financial advisor is a professional who's paid to offer financial recommendations to customers. simply as you would hire an architect to create a plan for your house, you hire a financial marketing consultant to create a plan for your budget. it is all about paying a person for the know-how you need to reach unique goals.

A monetary guide will now not simplest set you up financially. they could help make choices on the most important existence adjustments like how tons maternity go away can you have the funds to take while having a child. They also can help maintain you on target financially while lifestyles throw you curve balls which include redundancy.

Learn more about financial advisor here: brainly.com/question/28405498

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5 0
2 years ago
Wie Corp's sales last year were $315,000, and its year-end total assets were $355,000. The average firm in the industry has a to
irakobra [83]

Answer:

Assets must decrease by 223,750

Explanation:

the total assets turnover is calcualte as follows:

\frac{sales}{assets}

As the new CFO jsut want to reduce assets and not to put the effort to increase sales as it see it less likely It will reduce assets (lower the credit term, lower inventory stocks among other measurements)

our goal is a value of 2.4 with sales of 315,000

\frac{315,000}{Assets}  = 2.4\\Assets = 315,000 \div 2.4\\

Assets = 131.250‬

currently the assets are 355,000

we need to redue it to 131,250 so we need a decrease in the order of:

355,000 - 131,250 = 223,750

7 0
3 years ago
Purchase
USPshnik [31]

Answer:

The total cost to be capitalized for each of these two pieces of equipment:

Purchase equipment = $180,708

Construction equipment = $678,432

Explanation:

a) Data and Calculations:

Purchase

Cash paid for equipment, including sales tax of $7,400 $155,400

Freight and insurance cost while in transit                            2,960

Cost of moving equipment into place at factory                   4,588

Wage cost for technicians to test equipment                       5,920  

Special plumbing fixtures required for new equipment      11,840

Total cost to be capitalized =                                           $180,708

Construction

Material and purchased parts (gross cost $296,000; failed to take 2% cash discount)                                  $296,000

Imputed interest on funds used

during construction (stock financing) 20,720

Labor costs                                          281,200

Allocated overhead costs:

Fixed                                 $29,600

Variable                             $44,400     74,000

Cost of installing equipment                 6,512

Total capitalized costs =                 $678,432

8 0
2 years ago
A budget that allocates increased or decreased funds to a department by using the last budget period as a reference point is cal
dmitriy555 [2]

Answer:

D) incremental budget

Explanation:

An incremental budget is a budget in which the budget is prepared based on the last year budget or the actual performance so that the amounts that are increased or decreased could be added for the current year budget

Here in the given situation, the allocation of the budget is either increased or decreased by using the previous year budget is known as incremental budget

hence, the correct option is D. Incremental budget

8 0
3 years ago
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