Answer:
The answer is $112,038,000
Explanation:
The total equity will be equity brought forward, the net income(retained earnings) and the newly issued shares.
Book value equals asset minus liability which this formula is the same as equity. So in order words book value is also the same as total equity.
Therefore, the book value is:
$105,038,000 + 3,000,000 + $4,000,000
= $112,038,000
Answer:
The relevant costs to go into this schedule of cost of contract services performed will be those that are directly related to contract work.
Administrative costs are not to be included in the schedule but will instead go to the Income statement.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Standard labor-hours per unit of output 8.6 hours Standard labor rate $ 15.50 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 8,500 hours Actual total labor cost $ 129,200 Actual output 840 units
Actual rate= 129,200/8,500= 15.2
Direct labor price variance= (SR - AR)*AQ
Direct labor price variance= (15.5 - 15.2)*8,500= $2,550 favorable
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (7,224 - 8,500)*15.5= $19,778 unfavorable
Answer: $844,000
Explanation:
Given that,
Beginning work in process inventory = $270,000
Cost of goods manufactured = $866,000
Beginning finished goods inventory = $332,000
Ending work in process inventory = $310,000
Ending finished goods inventory = $354,000
Cost of goods sold = Beginning finished goods inventory + Cost of goods manufactured - Ending finished goods inventory
Cost of goods sold = $332,000 + $866,000 - $354,000
= $844,000
∴ Cost of goods sold = $844,000
I think the primary solution is to reduce prices in stores that consumers will buy more.
