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ivanzaharov [21]
4 years ago
7

Dolan Company's accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016Raw materials inventory $300,00

0 $250,000Work in process inventory 300,000 160,000Finished goods inventory 190,000 150,000During 2017, $750,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. The total raw materials used to make work in progress inventory during 2017 for Dolan Company is
Business
1 answer:
Dafna11 [192]4 years ago
7 0

Answer:

$700,000

Explanation:

The computation of the total raw materials used is shown below:

= Beginning raw material inventory + purchase of raw material - ending raw material inventory

= $250,000 + $750,000 - $300,000

= $700,000

We simply added the purchase and deduct the ending inventory to the beginning inventory so that the raw material used could come

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Afina-wow [57]

The residual income for the Division A of Magnolia Company for an income from operations of $80,000 will be $32,000.

<h3>What is residual income?</h3>

Residual Income is the total of total income from operations less the minimum acceptable rate of return on the deployed assets for such operations over a financial period.

Using the above information, it can be ascertained that the residual income will be,

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Arbitration is a noncoercive method of resolving a dispute between employer and union.
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A. True is the answer

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Although the lines are blurring, the "many-to-many" media transmission function is largely the domain of ___.
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3 years ago
Terrence Industries charges manufacturing overhead to products by using a predetermined application rate, computed on the basis
puteri [66]

Answer:

See below

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vova2212 [387]

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