Which statement would apply to a consortium?

The June 1 work in process inventory consisted of 5,000 units with $16,000 in materials cost and $12,000 in conversion cost. The

sveticcg [70]

Answer:

Total cost added including beginning inventory

Raw material = $136,000

Overheads = $180,960

Total = $316,960

Explanation:

As provided the opening Work in process units = 5,000 units

Units started during the period = 37,500 questions

Closing work in process = 8,000 units

That means units produced = opening + additions - closing

= 5,000 + 37,500 - 8,000 = 34,500 units

Provided cost of beginning inventory = $16,000 for raw material and $12,000 for overheads

Also it is 100% complete for raw material and 50% complete for overheads

That means raw material per unit = $16,000/5,000 = $3.20

And the overheads 100% = $12,000 $\times$ 2 = $24,000

Overhead per unit = $24,000/5,000 = $4.80

Therefore, cost added during the period

Shall be

Raw material = 100% = 5,000 + 37,500 = 42,500 $\times$ $3.20 = $136,000

Overheads = for 34,500 units 100% and remaining 8,000 = 40%

= 34,500 $\times$ $4.80 + 8,000 $\times$ $4.80 $\times$ 40%

= $165,600 + $15,360

= $180,960

Total = $316,960

7 0

3 years ago

1. Which of the following is not characteristic of a corporation?

Oxana [17]

<span>1. Which of the following is not characteristic of a corporation?

d. Corporations are required to file federal income tax returns.

2. Characteristics of a corporation include

d. Shareholders who have limited liability

3. One of the main disadvantages of the corporate form is the

b. Double taxation of dividends

4. Under the corporate form of business organization

a. Ownership rights are easily transferred.

5. Those most responsible for the major policy decisions of a corporation are the

b. Board of directors.

6. Stockholders' equity

d. Is shown on the income statement

7. The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?

b. Investor expectations of the corporation's earning power

8. Which of the following accounts below is reported in the paid-in capital/stockholders' equity section of the corporate balance sheet?

b. Stock Dividends

9. The excess of issue price over par of common stock is termed a(n)

d. Premium

</span>

8 0

3 years ago

Read 2 more answers

Describe the challenges and opportunities of globalization in a ""flattened"" world.

Ksju [112]

Answer:

The meaning of a 'flattened' world is that ,globalization, which can be described as inventions and various developments in the technology world , has created a level playing ground, where countries considered as small or minors are now competing with the super-power ones.

Explanation:

The major challenge of this is that , the rate competition has increased between countries that have great impacts on the resource area of businesses.

And the opportunities are that, new jobs are created or available especially in the information systems and other jobs or occupations involving services.

Finding better suppliers and at a better price has also been considered as a big benefit because now there were more places to choose from globally.

4 0

3 years ago

Read 2 more answers

A merchandising company's sales budget indicates the following sales: January: $25,000; February: $30,000; March: $35,000. Sales

Svetradugi [14.3K]

Answer:

The total selling expenses for the quarter will be $25,800

Explanation:

The computation of the total selling expenses for the quarter is shown below:

= Salaries + commission + Advertising

where,

Salaries = Expected salaries × number of months in one quarter

= $5,000 × $3

= $15,000

Commission = (January sales + February Sales + March Sales) × Commission percentage

= ($25,000 + $30,000 + $35,000) × 10%

= $9,000

And, the adverting equal to

= Expected advertising expenses × number of months in one quarter

= $600 × 3 months

= $1,800

Now put these values to the above formula

So, the value would be equal to

= $15,000 + $9,000 + $1,800

= $25,800

3 0

2 years ago

Using this feature will fit an image to the size of an image frame.

Aleonysh [2.5K]

Answer:

c option

Explanation:

8 0

3 years ago