Answer:
$ 365,800
Explanation:
Revenues of 190,000
balance before closing is 302,000
190,000
+302,000 =
492,000
Expenses is 106,200
Dividends is 20,000
106,200
+ 20,000 =
126,200
then you subtract 126,2000 from 492,000 which will equal to $365,800
Answer:
Lakeland Chemical
Equivalent Units of Direct Materials total 82,000 units.
Explanation:
1. Calculations:
Beginning Work in process Inventory = 15,200 (100% complete)
Direct materials started in May = 66,800 (100% complete)
Equivalent units of direct materials = 82,000 units
2. The equivalent units of direct materials is the sum of equivalent unit of beginning inventory and the units added during the period.
3. The equivalent cost of the direct materials is the sum of the equivalent costs of beginning and the costs of units added during the period.
Answer:
profit sharing
Explanation:
profit-sharing plan can be regarded as retirement plan which is designed to let an employee to have a share in the profits of a firm. In this particular plan some percentage of the profit made by the company,firm can be received by the employee using the quarterly or annual earnings of the employee as the basis.
Answer:
$16.66
Explanation:
Data provided
Direct material = $55,870
Direct labor hour = 475
Wage rate = $11
Machine hour = $556
Number of units = 4,100
Overhead rate = $13
The preparation of job sheet is shown below:-
Direct Material $55,870
Add: Direct Labor $5,225
( 475 × $11)
Overhead $7,228
($556 × $13)
Total $68,323
Number of units 4,100
Cost per unit $16.66
($68,323 ÷ 4,100)
The answer is
"Individual".<span>
<span>Each of these mentioned factors with few variations will
influence the business buying decision process. One or more changes in these
might lead to a different result. These factors can also operate in different
ways varying from person to another person.</span></span>