File managment is very important today it is not so much paper files but eletronic an example of this would be electronic medical records
Answer:
Y : Z = 3 : 1
Explanation:
Given:
X's share = 2/3
Y's share = 1/4
Z's share = 1/12
Find:
New ratio, when X retires
Computation:
X retires , So remain partners are 'Y' and 'Z'
Y's share = 1/4
Z's share = 1/12
Y : Z = 1/4 : 1/12
By taking LCM:
Y : Z = 3/12 : 1/12
Y : Z = 3 : 1
Answer:
Ending WIP= $25,000
Explanation:
<u>To calculate the ending work in process, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
890,000 = 60,000 + 330,000 + 210,000 + 315,000 - Ending WIP
Ending WIP= 915,000 - 890,000
Ending WIP= $25,000
Answer:
c. $13.20
Explanation:
Estimated factory overhead costs = $198,000
Estimated direct labor hours = 15,000 hours
Predetermined Overhead rate = Estimated factory overhead costs / Estimated direct labor hours
Predetermined Overhead rate = $198,000 / 15000 hours
Predetermined Overhead rate = $13.2 per labor hour
So, the correct option is c. $13.20