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2 years ago

5

Mr. West bought merchandise totaling $3,500. His overhead was $1,200. He sold the merchandise for $5,000. Find his percent of

profit based on the cost, to the nearest whole percent.

2 answers:

jonny [76]2 years ago

4 0

<span>i think it is $9,700</span>

SpyIntel [72]2 years ago

3 0

What do u mean by percent i think its 2,300 idk if im wrong sorry hope this helped tho :p

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Waupaca Company establishes a $440 petty cash fund on September 9. On September 30, the fund shows $193 in cash along with recei

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Answer:

petty cash fund 440 debit

cash 440 credit

--stablishment of the fund--

freight-in 46 debit

postage expenses 78 debit

miscellaneous expenses 111 debit

cash shortage loss 12 debit

Cash 247 credit

--reimbursement of the fund--

petty cash fund 50 debit

Cash 50 credit

--incerase of the fund to 490--

Explanation:

The petty fund will be stablish using cash, so we decrease cash and create the petty fund.

Then, the expenditures will be against cash, so we don't have to use the petty fund account.

Lastly, to increase the fund we take from the cash account the 50 dollars increase.

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3 years ago

Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 $ 41,000 Di

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1. The calculation of the predetermined overhead rate applied to jobs during August is <u>75% of direct labor costs</u> ($90,000/$120,000).

2. The balance in the Work in Process account at the end of August is $61,000.

3. The amounts of direct material cost and applied overhead recorded for Job 248 as of August 31 are $19,000 and $18,000, respectively.

<h3>Data and Calculations:</h3>

Work In Process Balance, August 1 $ 41,000

Direct materials used 75,000

Direct labor 120,000

Manufacturing overhead applied (based on direct labor cost) 90,000

Total costs incurred = $326,000

<h3>Finished Jobs during August: </h3>

Job # Cost of Jobs Completed

234 $ 58,000

237 65,000

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246 67,500

Total costs of finished jobs = $265,000

Work in process balance = $61,000 ($326,000 - $265,000)

<h3>Job in Process: Job 248:</h3>

Direct labor cost incurred = $24,000

Applied overhead = $18,000 ($24,000 x 0.75)

Direct materials = $19,000 ($61,000 - $24,000 - $18,000)

Thus, the work-in-process balance represents Job 248 (Direct labor $24,000, Direct materials $19,000, and Applied Overhead $18,000).

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2 years ago

Rico Petricelli Industries invests $960,000 in plant assets with an estimated 10-year service life and no salvage value. These a

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The payback period for this Rico Petricelli Industries' investment is 6 years.

Data and Calculations:

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Estimated useful life = 10 years

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2 years ago

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Answer:

b. <u>job centered</u>

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Answer:

None of the above

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Thus all the statements in the question are valid and are part of discrimination policy.

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