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olga2289 [7]
2 years ago
5

The accounts of Melissa Manufacturing showed the following balances at the beginning of​ December: Account Debit Raw Materials I

nventory $ 56 comma 000 WorkminusinminusProcess Inventory 81 comma 000 Finished Goods Inventory 30 comma 000 Manufacturing Overhead 22 comma 000 The following transactions took place during the​ month: December​ 2: Issued direct materials $ 27 comma 000 and indirect materials $ 7 comma 000 to production. December​ 15: Incurred $ 7 comma 000 and $ 2 comma 000 toward​ factory's direct labor cost and indirect labor​ cost, respectively. What should be the balance in the WorkminusinminusProcess Inventory following these​ transactions?
Business
1 answer:
Rudik [331]2 years ago
4 0

Answer:

$115,000

Explanation:

Data provided as per the question is below:-

Beginning balance = $81,000

Direct material issued = $27,000

Direct labor incurred = $7,000

The computation balance Process Inventory is shown below:-

Balance in the​ Work-in-Process Inventory = Beginning balance + Direct material issued + Direct labor incurred

= $81,000 + $27,000 + $7,000

= $115,000

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Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $25,000. The estimated useful life was
tatiyna

Answer:

The correct answer is Double-declining-balance.  The highest net income in year 2 is 6000.

This higher net income don´t mean the machine was used more efficiently under this depreciation method.

Explanation:

In the file attached you will find a depreciation schedule for each of the alternative methods.  

Each method need different calculus.  

Straight-line

depreciation expense=(Original Value  -Residual Value)/Useful life=

depreciation expense=4400

Units-of-production

estimated productive life  10000

Units of Production Rate=(Original Value  -Residual Value)/estimated productive life=2,2

Double-declining-balance.

Depreciation rate = 1/useful life *100= 20,00%

Download xlsx
4 0
3 years ago
Data concerning Follick Corporation's single product appear below: Selling price per unit $ 270.00 Variable expense per unit $ 7
kumpel [21]

Answer:

Break-even point (dollars)= $219,000

Explanation:

Giving the following information:

Selling price per unit $270

Variable expense per unit $78.30

Fixed expense per month $ 155,490

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 155,490/ [(270 - 78.3)/270]

Break-even point (dollars)= $219,000

8 0
3 years ago
describe what ETL (Extraction, Transformation, and Load) stands for. Solomon (2015) classified ETL technologies into four catego
Anna71 [15]

Answer:

Scheduled data integration, or ETL, is an important aspect of warehousing because it consolidates data from multiple sources and transforms it into a useful format

Explanation:

ETL are three separate but crucial functions combined into a single programming tool that helps in preparing data and in the management of databases. Extract, Transform, Load each denotes a process in the movement of data from its source to a data storage system, often referred to as a data warehouse

3 0
3 years ago
(q.d) have you been an appointee or employee of any regulator at any point over the past two years?
Anna [14]
<span>I have not been an appointee of employee of any regulator at any point in the past two years. I have worked as an independent contractor for a computer company for the last 5 years. Since a regulator company is one that usually involves systematic schemes and benefits to the employee, my emoployer would not fall into the category.</span>
4 0
3 years ago
To build wealth is a gamble; the wealthy people are lucky and become rich overnight. True or false
klasskru [66]

This seems like a rather subjective question. Wealth is built over a lifetime with income. Inheritance is definitely one way to become wealthy, so I would say <u><em>True </em></u>

5 0
2 years ago
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