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erma4kov [3.2K]
3 years ago
10

Beckett, Inc. reports the following cost information for​ March: Cost of Goods Manufactured $ 73 comma 000 Manufacturing Overhea

d 18 comma 900 Finished Goods​ Inventory, March 1 8 comma 000 Finished Goods​ Inventory, March 31 2 comma 000 ​Work-in-Process Inventory, March 1 9 comma 680 ​Work-in-Process Inventory, March 31 1 comma 000 Direct Materials Used 25 comma 140 What is the amount of direct labor incurred by​ Beckett, Inc. in​ March?
Business
1 answer:
pentagon [3]3 years ago
7 0

Answer:

Beckett, Inc.

Cost of Goods Manufactured Statement

Direct Materials Used      25, 140

Direct Labor $ 20,280

Manufacturing Overhead 18 ,900

Total Manufacturing Costs  $ 64,320

March 1 ​Work-in-Process Inventory,  9, 680

Cost of Goods Available for  Manufacture $ 74,000 ​

March 31 Work-in-Process Inventory, 1, 000

Cost of Goods Manufactured $ 73,000

March 1 Finished Goods​ Inventory, 8, 000

Cost of Goods available for sale $81,000

March 31 Finished Goods​ Inventory,  2, 000

Cost of Goods Sold $ 79,000

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On September 1, Capitol Maintenance Company contracted to provide monthly maintenance services for the next seven months at a ra
Aleonysh [2.5K]

Answer:

Debit Unearned Revenue, Credit Service Revenue for $9,200

Explanation:

Date      Account Titles                      Debit     Credit

Sept 1    Cash                                     $16,100

                   Unearned service revenue           $16,100

Dec 31    Unearned service revenue $9,200

                     Service Revenue                          $9,200

                     ($2300 * 4 months)

5 0
2 years ago
You have just won the lottery and will receive $530,000 in one year. You will receive payments for 25 years, and the payments wi
polet [3.4K]

Answer:

Present value= $3,642,651.54

Explanation:

Giving the following information:

You have just won the lottery and will receive $530,000 in one year. You will receive payments for 25 years, and the payments will increase by 4 percent per year. The appropriate discount rate is 10 percent.

First, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual payment= 530,000

i= 0.04 + 0.10= 0.14

n= 25

FV= {530,000*[(1.14^25)-1]}/0.14

FV= 96,391,538.43

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 96,391,538.43/ (1.14^25)

PV= $3,642,651.54

7 0
3 years ago
The following cost data pertain to the operations of Rademaker Department Stores, Inc., for the month of March. Corporate headqu
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Answer:

The answer is c. $40,700.

Explanation:

The direct costs of the Cosmetics Department are all the costs which are incurred for the operations & revenue generating activities of the Cosmetics Department only; which may be incurred at the Department itself or at other Department(s)/Store(s) which the purposes are for serving the Cosmestic Department.

Thus, these costs include the following cost items:

Cosmetics Department sales commissions--Northridge Store +  Cosmetics Department cost of sales--Northridge Store + Cosmetics Department manager's salary = $5,160 + $31,300 + $4,240 = $40,700.

So, the answer is c. $40,700

3 0
3 years ago
What do you think would be the implication of these personalities in the interpersonal relationships and task performance of emp
prisoha [69]

Explanation:

In working environment interpersonal relationship plays a paramount role in developing and stimulating

Trust and positive feelings and images among workers. This can be result in higher performance

and satisfaction of employees.

4 0
2 years ago
Pipes & Culverts Company orders six irrigation pumps from Quality Plumbing, Inc. The pumps are stored in Restorers Warehouse
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Answer: Title to the goods passes to Pipes when <em><u>Quality gives Pipes & Culverts a warehouse receipt for the drives.</u></em>

Here, in this case the condition states that Quality must give Pipes a warehouse receipt for the goods

<u><em>Therefore, the correct option to this question is (d)</em></u>

7 0
3 years ago
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