Answer: Ranking game
Explanation: XX and YY
definitely we can X+Y........1
We can have Y+X ..............2
So for the player that wins we would name it ----A
So for the loser, we would have B..........
So to connect the Winner and Loser the equation = A+B 0r A-B
Explanation:
1. Cost of goods manufactured schedule
Beginning work-in-process inventory $15,000
Add:
Direct materials $63,100
Direct labor $50,900
Manufacturing overhead $42,900
Total manufacturing cost $156,900
Less: ending work-in-process inventory -$16,500
Cost of goods manufactured $155,400
2. The income statement is presented below:
Sales revenue $216,500
Less: Cost of goods sold
Beginning finished goods inventory $13,200
Cost of goods manufactured $155,400
Less: Ending finished goods inventory -$9,800 -$158,800
Gross profit $57,700
3. The balance is presented below:
Raw materials $7,300
Work-in process $16,500
Finished goods $9,800
Total inventory $33,600
Answer:
A) A high interest rate & long time period
Explanation:
A high interest rate means that your principal amount is earning a higher return when deposited in a savings account. The interest amount when compounded frequently like every month, it also earns interest on it as well as the original amount invested. This effect is called compounding. On the other hand, a long time period of investment means that you have a longer time horizon over which your principal earns interest. For example if you start saving when you are 18 years old and wants to retire at 68 years old, you will have 50 years worth of interest earned which is longer investment horizon than when you start saving at 40 years of age.
Answer:
CVP Income Statement
Sales revenue 2,350,000
Less: Total variable cost <u>1,110,000</u>
Contribution margin 1,240,000
Less: Fixed cost <u>663,000</u>
Net Operating income <u>$577,000</u>
Note:
Cost of goods sold 940000
Selling expenses 74000
Admin expense <u>96000 </u>
Total variable cost <u>1110000</u>
Cost of goods sold 464000
Selling expenses 54000
Admin expense <u>145000</u>
Total Fixed cost <u>663000</u>
Answer:
$16,500
Explanation:
Note: Work In Process simply mean the cost of Job which is not complete.
Work In Process = Direct Materials + Direct Labor + Overhead Cost
Work In Process = $3,000 + $4,500 + ($4,500*200%)
Work In Process = $3,000 + $4,500 + $9,000
Work In Process = $16,500
So, the balance in the Work in Process account at the end of September relative to Job A3B is $16,500.