Answer:
$910
Explanation:
Computation for the Work-in-Process transferred to the finished goods warehouse on April 30
Using this formula
Work-in-Process transferred to finished goods warehouse=Work-In-Process Inventory, April 1+(Direct materials used in production+Direct labor costs incurred +Manufacturing overhead costs)-Work-In-Process Inventory, April 30
Let plug in the formula
Work-in-Process transferred to finished goods warehouse=$270 + ($195 + $370 + $320) - $245
Work-in-Process transferred to finished goods warehouse=$270 +$885-$245
Work-in-Process transferred to finished goods warehouse= $910
Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 is $910
The season that comes after winter is:
Spring
When a company earns income, it becomes larger because net assets have increased. Even if a portion of the profits is later distributed to shareholders as a dividend, the company has grown in size as a result of its own operations.
Answer:
The book value of the machine at the end of year 2 is $35,000
Explanation:
Straight line method depreciates the asset on its useful life after deducting salvage value from the cost of the asset.
Depreciation per year = ( Cost of Machine - Residual Value ) / Useful life
Depreciation per year = ( $42,000 - $7,000 ) / 10 years
Depreciation per year = $3,500 per year
Book value of machine at the end of year 2 = $42,000 - ( $3,500 x 2 )
Book value of machine at the end of year 2 = $42,000 - $7,000
Book value of machine at the end of year 2 = $35,000
B.) Rule of 72; just had this question on Apex and was trying to find the answer but guessed since I couldn’t find it. Posting to save a life!