Positive wording has an effect on the message getting received, which is the goal.
Ending inventory assuming weighted-average cost would be $694
Solution:
Given,
Dunbar sold 560 units of inventory
Apr. 1 Beginning inventory 550 $2.33
Apr. 20 Purchase 310 2.68
Now,
Ending inventory = 560 -550 = 10
= 310 -10 = 300
Ending inventory = 300 × $2.33 = $694
The part of a market controlled by a certain company or product
Answer:
Explanation:
The Shamrock journal Entry book for 2016, 2017 and 2018 as well as the other steps required to solve this question can be found in the attached file. Please kindly go through it.
Answer:
Allocated overhead= $375
Explanation:
Giving the following information:
Jeremy Corporation estimated manufacturing overhead costs for the year to be $500,000. Jeremy also estimated 8,000 machine hours and 2,000 direct labor hours for the year. It bases the predetermined overhead allocation rate on machine hours.
On January 31, Job 25 was completed. It required 6 machine hours and 1 direct labor hour.
First, we need to calculate the predetermined overhead rate:
predetermined overhead rate= total estimated overhead for the period/ total amount of allocation base
predetermined overhead rate= 500,000/8000= $62.5 per machine hour
Allocated overhead= predetermined overhead rate* actual hours= 62.5* 6= $375
