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3 years ago

PA7.

Business

1 answer:

Anuta_ua [19.1K]3 years ago

8 0

Answer:

cost of manufactured goods: $ 685,375

Explanation:

Missing information attached:

we have to determinate the overhead rate:

expected overhead 270,000

expected labnor hours: 24,000

270,000 / 24,000 = $ 11.25 MO rate

then, we calculate the cost added during the month:

labor: 85,000

MO: 23,500 x 11.25 = 264,375

Raw materials:

solve using inventory identity:

$$$Beginning Inventory + Purchase = Ending Inventory + Used$

30,000 + 350,000 - 28,000 = 352,000

total cost added: 701,375

cost of manufactured goods:

$$$Beginning WIP + added = Ending WIP + COGM$

51,000 + 701,375 - 67,000 = 685,375

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Transportation rates:

nydimaria [60]

Answer:

(B) are established primarily through negotiation.

Explanation:

Transportation rates can be referred to as the cost paid by users for transportation services. They are the negotiated economic cost of moving a traveler or a unit of freight between a specific origin and location. Rates are often visible to the consumers since transport service providers must provide this information to secure transactions.

In transportation, the scale of operations change by:

Adding more vehicles to the fleet
Adding more cars to a train
Increasing the size of vehicles
Operating in a larger network

7 0

3 years ago

On January 2, 2019, Kaiman Corporation acquired equipment for $700,000. The estimated life of the equipment is 5 years or 80,

disa [49]

Answer:

$272,000

Explanation:

Accumulated depreciation is the sum of depreciation expense.

Depreciation is a method of expensing the cost of an asset.

Depreciation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life

($700,000 - $20,000) / 5 = $136,000

The straight line depreciation method Deprecation allocates the same deprecation expense each year of the useful life of an asset.

The depreciation expense in 2019 and 2020 would be $136,000 x 2 = $272,000

I hope my answer helps you

8 0

2 years ago

XYZ Co. is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121,000 and 10

stira [4]

Answer:

the predetermined overhead rate is $12.10

Explanation:

The computation of the predetermined overhead rate is shown below:

The Predetermined overhead rate is

= (Estimated total fixed manufacturing overhead ÷ Estimated direct labor hours)

= ($121,000 ÷ 10,000)

= $12.10

hence, the predetermined overhead rate is $12.10

6 0

3 years ago

Which of the following would most likely cause a budget surplus for government?

kupik [55]

The answer to this answer is B.lower spending
Lower spending means that the government used less money to be allocated into the government programs (such as welfares, infrastructure, etc)
By doing this, the government will have larger chunk of the budget at the end of the fiscal year, which cause a budget surplus for the governemnt

8 0

3 years ago

As a result of a thorough physical inventory, Horace Company determined that it had inventory worth $320,000 at December 31, 201

zimovet [89]

Answer:

The correct answer is option b) $367,000

Explanation:

Here for calculating the correct amount of inventory that Horace should report can be calculated through, by adding the inventory worth $320,000 at 31 December, 2015 with consignment given to Herschel worth $47,000, SO

Correct amount of inventory =

Amount of inventory on 31 December

Consignment given to Herschel

= $320,000 + $47,000

= $367,000

Here we are taking Herschel consignment in to account and that too at the historical purchase cost because Horace company has give the Herschel to sell the goods on his behalf but the transfer of ownership has not taken place here , the right to ownership here remains with the Horace and the amount at which they should be recorded is at purchase cost not selling cost.

We will also not include goods worth $ 22,000 in to the calculation because the Horace company has not received the goods physically yet, we will include those goods in to inventory on January 3 not before that.

3 0

3 years ago