Credit side of a the balance of revenue account is transferred
Answer:
total cost to be accounted = $297000
Explanation:
given data
beginning work in process inventory = $37,000
ending work in process inventory = $43,000
costs added to production = $260,000
cost of units transferred out = $254,000
solution
we get here total cost to be accounted that is express as
total cost to be accounted = ending work in process inventory + cost of units transferred out ......................1
put here value and we will get
total cost to be accounted = $43,000 + $254,000
total cost to be accounted = $297000
Answer:
$130 Favourable
Explanation:
Given the above information,
Standard hours = 2 × 4770 = 9,540
Actual hours = 8,940
Standard rate = $32.50
Then, Direct labor efficiency variance is computed as
= ( Standard hours allowed for production - Actual hours taken) × Standard rate per direct labor hour
= [(2 × 4,770) - 8,940] × $32.50
= [9,540 - 8,940] × $32.50
= 600 × $32.50
= $130 Favourable
Answer:
B. attribute
Explanation:
Tesla used the attribute base to position itself in the market
Answer:
The correct answer is $9187.5.
Explanation:
According to the scenario, the given data are as follows:
Asset cost = $140,000
Residual value = $42,000
Life period = 8 years
So, Annual depreciation can be calculated by using following method:
Annual depreciation = ( Asset cost - Residual value) ÷ Life period
= ($140,000 - $42,000) ÷ 8
= $12,250
As depreciation is to be recorded till Dec.31
So, total time period = Apr - Dec = 9 months
So, Depreciation expense till Dec.31 = $12,250 × (9 ÷ 12)
= $9,187.5
Hence, Depreciation expense till Dec.31 is $9,187.5.
