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2 years ago

Tyare Corporation had the following inventory balances at the beginning and end of May:

Business

1 answer:

Ivenika [448]2 years ago

8 0

Answer:

The correct answer is option (b) $5400

Explanation:

Solution

Calculation of the cost of direct material on May 1

Now,

The starting work In process inventory = Direct materials Cost + Direct labor Cost + Manufacturing overhead applied on W.I.P

13,500 = Direct materials cost + 4500 + 3600

Thus,

Direct material cost = 13500 - 4500-3600 = $5400

Note: Direct labor cost = 300 * 15 = $ 4500

The manufacturing overhead = 300 hour * $12 = $ 3600

So, only expenses associated to work in process will be considered, hence only direct labor and manufacturing overhead are used to work in process are considered.

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If you were applying for an upper-level management job at Pizza Hut in the Public Relations and Social Media department, working

garik1379 [7]

Answer: Honesty , relationship building skill and social media savvy

Explanation: other important competence requirements include; knowledge and research, multi tasking,attention to details, adaptation to change, strategic thinking, writing well, presentation skill and international mind set.

This above mention skills and requirements are important in considering a candidate for a public relationship and social media officer for Pizza Hut working under Chris Fuller.

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2 years ago

Identify two advantages of dollar-value lifo compared with unit lifo.

Gnom [1K]

Can you please explain more? :)

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3 years ago

A company has designed a new product and tested the prototype. what is the next step in product development?

ohaa [14]

Answer:

A company has designed a new product and tested the prototype. What is the next step in product development ? Test - market the product.

Explanation:

Answer option A) Test - market the product.

5 0

3 years ago

Dowd, Elgar, Frost, and Grant formed a general partnership. Their written partnership agreement provided that the profits would

goblinko [34]

Answer:

The answer is: Edgar will receive $37,000

Explanation:

Dowd's share of the company's losses is $80,000
Edgar's share of the company's losses is $60,000
Frost's share of the company's losses is $40,000
Grant's share of the company's losses is $20,000

But since Grant is not willing to give more money to the partnership to cover his losses, the $9,000 difference must be divided by the remaining three partners. So they will divide Grant's losses as follows:

Dowd's share of the Grant's losses is $3,600

Edgar's share of the Grant's losses is $2,700

Frost's share of the Grant's losses is $1,800

Then you add up all the losses the three remaining partners had:

Dowd' total losses $83,600
Edgar's total losses $62,700
Frost's total losses $21,800

So when the partnership was dissolved, Edgar should have received $100,000 (capital) - $62,700 (total losses) = $37,200

I selected answer A since they probably rounded down Edgar's share to $37,000 (nearest possible choice).

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3 years ago

It takes K’s Boutique an average of 53 days to sell its inventory and an average of 16.8 days to collect its accounts receivable

dezoksy [38]

Answer:

The accounts receivable turnover rate is 21.73

Explanation:

The formula for accounts receivable turnover is

365/Average days to collect.

This way we can find how many times a year does the company collect payments for its accounts receivable, so when we divide the total number of days in a year by the average number of days to collect we can calculate how many times we collect payment for accounts receivable.

In the question we are given the average days to collect which is 16.8

We have to put that into a formula

365/16.8=21.73

5 0

3 years ago