Answer:
The total cost to be accounted for under the weighted-average method would be $184,000
Explanation:
Given information ,
Beginning work in process inventory = $22,000
Ending work in process inventory = $27,000.
The cost of units transferred out from the department = $157,000
Under weighted average method, the beginning Work in process inventory is not considered. So, the total cost would be displayed below.
Total cost = The cost of units transferred out from the department + Ending work in process inventory
= $157,000 + $27,000
= $184,000
Thus, the total cost to be accounted for under the weighted-average method would be $184,000
Personally, I would choose to save that money. The reason why is you never know - maybe something bad is going to happen and you will need that extra cash. So instead of splurging it on material things, it's better to save it for a rainy day, in my opinion. Investing is not safe, given that you may lose a lot more than you invest.
Answer:
Work in process inventory at April 30 is $4,700
Explanation:
In this question, we apply the cost of goods manufactured formula which is shown below:
Cost of goods manufactured = Opening balance of work in progress + total manufacturing cost - ending balance of work in progress
where,
Total manufacturing cost = Direct material + direct labor + overhead
= $27,000 + $30,000 + $8,000
= $65,000
So, the ending balance work in progress equal to
= $9,000 + $65,000 - $69,300
= $4,700
Answer:
The discount rate on overnight loans is lowered.
Explanation:
The action that is most likely results in an increase in the money supply is (C) which is the discount rate on overnight loans is lowered.
Discount rates are used to determine today's value of money paid or received. In other words the discount rate for financial institutions is the rate of return that they will experience when they re-paid the loans that they granted to other institutions. The discount rate allows the central bank of a country to control money supply in circulation this is done by either lowering the interest rate or increasing it.
Answer: $172,000
Explanation:
Its a little bit of a trick question throwing in the Debs that they want to sell for the month.
That figure is irrelevant because we are dealing with fixed costs so the company will still incur them regardless of what they sell.
The components of total budgeted fixed selling and administrative expenses are,
Advertising
Executive Salaries
Depreciation on office equipment and,
Others
Those are the only figures that should concern you. Adding them up would give us,
= 50,500 + 60,500 + 20,500 + 40,500
= $172,000
The total budgeted fixed selling and administrative expenses for February is $172,000
