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RUDIKE [14]
3 years ago
12

A manufacturing company reports the following items:

Business
1 answer:
telo118 [61]3 years ago
5 0

Answer:

The answer is $14,000

Explanation:

Cost of goods manufactured equals

Beginning/opening work in process inventory balance + direct materials + direct labor + factory overhead - ending/closing work in process inventory balance

=$1,000 + $5,000 + $7,000 + $4,000 - $3,000

= $14,000

Therefore, the cost of goods manufactured is $14,000

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Company XYZ uses labor hours to allocate its manufacturing overhead. The direct labor cost rate is $8 per direct labor hour. The
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Answer:

A

Explanation:

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Ellie purchases an insurance policy on her life and names her brother, Jason, as the beneficiary. Ellie pays $32,000 in premiums
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Answer:

He does not report any gross income as life insurance proceeds are exempted from tax.

Explanation:

As a rule life insurance proceeds to a beneficiary are not taxable, they are viewed as non taxable inheritance of the deceased to the beneficiary.

However if Ellie had instructed the insurance company to hold the funds for sometime before paying Jason, the interest earned during that period will be taxable.

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Which of the following is included in the cost of constructing a building? a.cost of paving the parking lot b.insurance costs du
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Plus, the insurance cost that is to be incurred during the construction period is also included

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3 years ago
Spalkyn, a footwear company, allows its customers to shop online on its website or mobile app or at its physical stores. At the
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Answer:

Ownership Utility

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Answer:

Answer is explained in the explanation section below.

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Involuntary Turnover:

Workplace Violence: An employer may decide to fire an employee who engages in workplace violence. This is what is known as spontaneous turnover.

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Employment at-will doctrine:

For some reason: This allows the employer to fire an employee for any cause.

Promise: Neither the employer nor the employee has made any commitments to each other.

Refusing to state the reason for the employee's termination: If the employer refuses to state the reason for the employee's termination,

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