What do different jobs in the marketing career cluster have in common?

Job 590 has a total cost of $29,200. It has been charged manufacturing overhead costs of $7200. The rate is 85% of direct labor.

Gnoma [55]

Answer:

$13,529= Direct material

Explanation:

Giving the following information:

Job 590 has a total cost of $29,200. It has been charged with manufacturing overhead costs of $7200. The rate is 85% of direct labor.

Total cost= direct material + direct labor + allocated overhead

29,200= DM + (7,200/0.85) + 7,200

29,200 - 7,200 - 8471= dm

$13,529= DM

7 0

3 years ago

The current account includes __________. a. the export and import of goods and services. b. all purchases and sales of assets su

umka2103 [35]

Answer:

A. The export and import of goods and services

Explanation:

The current account refers to the trade balance of a country. It is the record of a country's transactions with the rest of the world.

Current account includes imports and exports of goods and services, payments made to foreign investors, and transfers such as foreign aid.

The current account of a country can either be a surplus (positive) or a deficit (negative).

Surplus current account is when a country's export is greater than its import.

Deficit current account is when a country's export is less than its import.

Import refers a situation where a country buys goods from another country.

Export refers to a situation where a country sells to other countries of the world.

The current account is a part of the balance of payments, the other part is the capital or financial account.

Financial/capital account measures cross-border investments in financial instruments and changes in central bank reserves.

6 0

3 years ago

The balance sheet of Cattleman's Steakhouse shows assets of $85,900 and liabilities of $13,500. The fair value of the assets is

cestrela7 [59]

Answer:

$7,120

Explanation:

Given that,

Assets = $85,900

Liabilities = $13,500

Fair value of assets = $90,500

Fair value of its liabilities = $13,500

Amount paid to acquire all of its assets and liabilities = $84,120

Net assets:

= Fair value of assets - Fair value of its liabilities

= $90,500 - $13,500

= $77,000

Goodwill = Purchase consideration - Net assets

= $84,120 - $77,000

= $7,120

8 0

3 years ago

Shamas famous restaurants expects to pay a common stock dividend of $1.50 per share next year (d1). dividends are expected to gr

Tpy6a [65]

The company's external equity comes from those funds raised from public issuance of shares or rights. The cost of external equity is the minimum rate of return which the shareholders supply new funds by purchasing new shares to prevent the decline of the market value of the shares. To compute the cost of external equity, we should use this formula:

Ke = (DIV 1 / Po) + g

Ke = cost of external equity

DIV 1 = dividend to be paid next year

Po = market price of share

g = growth rate

In the problem, the estimated dividend to be paid next year is $1.50. The market price is $18.50 and the growth rate is 4%.

Substituting the given to the formulas, we need to divide $1.50 by $18.50 giving us the result of 8.11% plus the growth rate; this would yield to the result of 12.11% cost of external equity.

8 0

3 years ago

Flounder Corp. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cos

iragen [17]

Answer:

Flounder Corp.

Weighted Average FIFO LIFO

Ending Inventory $1,414 $1,580 $1,280

Cost of goods sold $2,796 $2,630 $2,930

Explanation:

a) Data and Calculations:

Date Explanation Units Unit Cost Total Cost

June 1 Inventory 100 $5 $ 500

June 12 Purchases 385 6 2,310

June 23 Purchases 200 7 1,400

Total units 685 $ 4,210

June 30 Inventory 230

June 30 Units Sold 455 (685 - 230)

Weighted Average Cost = Total costs/Total units bought

= $4,210/685 = $6.146

Weighted Average:

Ending Inventory = $1,414 ($6.146 * 230)

Cost of goods sold = $2,796 ($6.146 * 455)

FIFO:

Ending Inventory = (30 * $6) + (200 * $7) = $1,580

Cost of goods sold = (100 * $5) + (355 * $6) = $2,630

LIFO:

Ending Inventory = (100 * $5) + (130 * $6) = $1,280

Cost of goods sold = (200 * $7) + (255 * $6) = $2,930

The weighted average method is based on an average cost for estimating the cost of ending inventory and cost of goods sold. The FIFO method assumes that goods bought initially are the first to be sold while the LIFO method assumes that goods bought last are the first to be sold.

6 0

3 years ago