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marin [14]
2 years ago
7

Wavy Company had a beginning work in process inventory balance of $ 32 comma 900$32,900. During the​ year, $ 54 comma 700$54,700

of direct materials was placed into production. Direct labor was $ 64 comma 100$64,100​, and indirect labor was $ 20 comma 400$20,400. Manufacturing overhead is allocated at 120120​% of direct labor costs. Actual manufacturing overhead was $ 87 comma 000$87,000​, and jobs costing $ 225 comma 500$225,500 were completed during the year. What is the ending work in process inventory​ balance?
Business
1 answer:
vampirchik [111]2 years ago
3 0

Answer:

The ending work in process inventory​ balance is $3,120

Explanation:

Ending work in process inventory =

Beginning Work in progress inventory + Direct materials + Direct labor + Manufacturing overhead (applied) – Cost of goods manufactured

Beginning Work in progress inventory =$32,900

Direct materials = $54,700

Direct labor = $64,100​

Manufacturing overhead (applied) = 120% * $64,100 = $76,920

Cost of goods manufactured = $225,500

Ending work in process inventory = $32,900 + $54,700 + $64,100 + $76,920 - $225,500

= $3,120

Therefore, The  ending work in process inventory​ balance is $3,120

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Answer:

The correct answer is D.

Explanation:

Giving the following information:

The following data pertains to activity and costs for two months:

June July

Activity level in units 10,000 12,000

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Manufacturing overhead 10,000 ?

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First, we need to calculate the unitary variable cost of direct material and direct labor.

Unitary cost Direct material= 16,000/10,000= 1.6 per unit

Unitary cost Direct Labor= 12,000/10,000= 1.2 per unit

Now, we calculate the cost of the prime costs of 12,000 units:

Direct material= 1.6*12,000= 19,200

Direct labor= 1.2*12,000= 14,400

Total= $33,600

Manufacturing overhead= 42,900 - 33,600= $9,300

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Answer:

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Merger offers synergistic gains and achieves economies of scale.

Usually in case of a merger, the business of the other entity is continued as merger usually happens between companies engaged in the same line of business.

In the present case, Rothmans Corporation purchased all assets and assumed all liabilities of Zenco Inc and also retained it's name as the merged entity.

This is a case of a merger.

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