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lorasvet [3.4K]
3 years ago
7

Tonneau Corporation had the following information available for October 2018: Work in Process, October 1 $20,000 Materials place

d into production, October 27,500 Direct labor, October 37,500 Factory overhead rate is 150 percent of direct labor costs. Job cost sheets had the following balances: Job Z1 $32,500 Job Z2 55,000 Job Z3 35,000 Job Z4 18,750 Jobs Z3 and Z4 were not completed at the end of December. What is the cost of goods finished during October for Tonneau Corporation
Business
1 answer:
Harlamova29_29 [7]3 years ago
6 0

Answer:

The cost of goods finished during October for Tonneau Corporation is 487,500.

Explanation:

Only two jobs,  Z1 & Z2 are finished during october. so, the cost of goods finished is given by:

cost of goods finished = Cost of Job Z1 + Cost of Job Z2

                                     = $32500 + $55000

                                     = $87,500

Therefore, The cost of goods finished during October for Tonneau Corporation is 487,500.

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All of the following might be determined by the Franchiser in franchise agreement except.
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3 0
3 years ago
Read 2 more answers
Neon Light Company of Kansas City ships lamps and lighting appliances throughout the country. Ms. Neon has determined that throu
FromTheMoon [43]

Answer:

A. $7,275,000

B. $436,500

C. YES

Explanation:

A. Calculation for how many dollars will the cash management system free up

First step is to calculate for Additional collections

Using this formula

Additional collections=Daily collections× Numbers of days to speed up

Let plug in the formula

Additional collections= $2,250,000 million per day × 3 days speed up

Additional collections=$6,750,000

Second step is to calculate for delayed disbursements using this formula

Delayed disbursements= Daily disbursement × Numbers of Days for slow down

Let plug in the formula

Delayed disbursements= $1,050,000 million per day ×0.5

Delayed disbursements= 525,000

Last step is to calculate for the freed up fund using this formula

Freed up fund=Additional collections+Delayed disbursements

Let plug in the formula

Freed up fund=$6,750,000 + 525,000

Freed up fund=$7,275,000

Therefore the amount of dollars that the cash management system will free up is $7,275,000

B. Calculation for how much will the income be using this formula

Income =Freed up fund× Interest rate

Let plug in the formula

Income=$7,275,000×6%

Income=$436,500

Therefore the income amount will be $436,500

C. YES it should be implemented reason be that the income amount of $436,500 is $36,500 ($435,600- $400,000) higher than New system total cost of the amount of $400,000

3 0
3 years ago
Explain why each of the following statements is a rationale for conducting active or passive policy: Economic circumstances can
Vladimir79 [104]

Answer:

The rationale for conducting active policy is the interest of Congress to alter the state of the economy through a deliberate change in established policies.

But in the case of Passive policy, the government permits the status quo.

Active policy relies on the government to enforce it while passive policy does not need the government's interference to work in stabilizing the economy.

Explanation:

The following statements applies passive policy because the economy is expected to stabilize on it's own without the deliberate act of congress influencing it:

  • Economic circumstances can change dramatically between the time that an economic downturn begins and the time when policy actions have an effect on the economy.
  • Fluctuations in economic output have been less severe since World War II.

The following statements is a rationale for conducting active policy since the government's intervention is required:

  • Economists are not very accurate forecasters.
  • Increases in government spending generate increases in economic output.
6 0
3 years ago
Marco, a real estate agent, receives a dozen emails in his inbox. Six of the emails are inquiries to a new condo listing he has
denis23 [38]

Answer:

Yes because Marco discriminated by ignoring the email due to its appearance of being linked to someone of a different national origin

Explanation:

Real estate agents are not allowed to discriminate against buyers of property. Of they do they can lose their Liscence.

Discrimination is the act of behaving differently

and withholding benefits from people based on their race, colour, religion, sex, or gender.

In this scenario Marco ignores communicating with one of his clients because the email address has a last name in it that appears to be Irish.

He did not consider the application at all resulting in the client losing the opportunity to obtain the new condo.

As a result of this discriminatory action Marco stands the risk of losing his liscence

4 0
3 years ago
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