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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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Anderson Compounds produces two industrial chemical compounds, Gorp and Gumm, from the same process, which last year, cost $480,
Olin [163]

Answer:

b. 320000

Explanation:

In order to calculate the joint cost of Gorp we need to understand what the method means and how it's used to calculate it. The adjusted sales method is used to allocate joint costs based on the prices the products are sold.

First of all we need to calculate the percentage of Selling price of Gorp to that of the total selling price of both Gorp and Gumm.

I.e: 60 ÷ (60+30) × 100

SP % of Gorp= 66.67%

Now we calculate joint cost allocated to Gorp.

Total joint cost of both Gorp and Gumm = $480000

Joint cost of Gorp = $480000 × 66.67%

Joint cost of Gorp = $320,000

3 0
3 years ago
In EduTech, a software company, the views and suggestions of managers are considered unquestionable and employees never go again
tamaranim1 [39]

Answer:

Power Distance

Explanation:

Power Distance -

It refers to the distribution of the power and strengths within any organisation if referred to as power distance .

In most of the scenario the distribution of power is very unequal and unfair .

Most of the high power people tends to dominate over others and misuse their strengths in a very unfair manner .

Hence , from the given scenario of the question ,

The manager of the company has all the power and tends to dominate over others and others people tends not to go against his order .

Hence , the correct term is power distance .

8 0
3 years ago
When people improve their
DochEvi [55]

Answer:

A

Explanation:

I don't have a explanation

7 0
2 years ago
You have saved​ $120,000 for your child to attend college. If it is in an account earning an annual rate of​ 8%, how much can yo
harkovskaia [24]

Answer:

I will take $36,230.5 to pay for the education of child.

Explanation:

Cash Invested in the saving account will earn a return of 8% each year and this amount could be withdrawn by the me to pay for the education of child.

We will use following formula to calculate the annual payments

P = r ( PV ) /  [ 1 - ( 1+ r )^-n ]

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PV = amount of investment = $120,000

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n = number of period = 4 years

P = 8% ( 120,000 ) / [ 1 - ( 1 + 0.08 )^-4 ]

P = 36,230.5

3 0
3 years ago
Question 1 of 10
Lisa [10]

C. price index

is the correct answer to the questions

Question 1 of 10

A. is a measure of change in the prices of goods from one period to

another

A. sanction

B. quota

оо O

C. price index

D. subsidy

SUBMIT

3 0
3 years ago
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