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Rus_ich [418]
4 years ago
7

The following information is available for completed Job No. 402: Direct materials, $120000; direct labor, $180000; manufacturin

g overhead applied, $110000; units produced, 4000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is _______ .
Business
1 answer:
Korvikt [17]4 years ago
5 0

Answer:

ending inventoryt (inventory at hand)  <u> 102,500</u>

Explanation:

First we calculate the total cost for the Job:

Materials     120,000

Labor           180,000

Overhead  <u>  110,000  </u>

Total cost    410,000

Then we distribute over the units produced to calculate the unit cost:

Units Produced 4,000

total cost 410,000 / units produced 4,000 =<u> 102.5 unit cost</u>

Now we calcualte the value fo the units at hand:

<u>unit at hand refers to ending invnetory</u>

we produce 4,000 we sale 3,000 ending inventory 1,00

ending inventory : 1,000 x 102.5 = 102,500

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A pharmaceutical company announces that it has received Federal Drug Administration approval for a new allergy drug that complet
Black_prince [1.1K]

Answer:

B) The stock price will not change, because the market had already incorporated the information about the FDA approval announcement in the stock price.

Explanation:

As explained in the question, the stock market consensus has been that even after the new drug was released, the stock price, and the earnings per share of the pharmaceutical company will remain the same, therefore, there will no volatility.

3 0
3 years ago
A recent Samsung Galaxy ad highlighted the advantages of its smartphone relative to Apple’s iPhone. What type of product adverti
siniylev [52]

Answer:

comparative

Explanation:

7 0
2 years ago
The process of asking questions of a speaker based upon responses with the goal of uncovering the truth is:
solniwko [45]

Answer:

d. Socratic questioning

Explanation:

Socratic questioning -

After the work of Socrates , Socratic questioning was developed .

According to this ,  

As socrates developed an educational method , which focus to develop and discover answer by asking various students , some questions ,

Hence , by this method of asking question,

The person can get ideas about various new factors and ability of the person.

Hence , from the question,

The correct option is d. Socratic questioning .

6 0
3 years ago
If businesses follow regulations, financial disasters are far less likely.
lys-0071 [83]

Answer:

True

Explanation:

All businesses, regardless of type or size, must abide by statutes and regulations. Laws comes from all levels of government. Some laws apply to specific sectors, but the majority addresses the entire industry.

Regulations deal with business registration, licensing, and employee compensation. Laws related to professional bodies such as lawyers or doctors must be adhered to by relevant businesses.  Governments impose regulations on taxation, statutory deduction, and safety in the workplace.

Following regulations protects the customers, employees, and businesses.  An employee who follows the law knows what is expected of them. Following rules will save the company from lawsuits. Employees will feel confident and motivated when they work for a company that follows the law.

Not following the law will cause problems with the tax authorities.  It may lead to misrepresentation of financial records or expose employees to hazardous work environments.  Such a business will most likely face may lawsuits that come along with huge costs. Not following the law may lead to the collapse of a company.

6 0
4 years ago
The balance sheet of Hidden Valley Farms reports total assets of $810,000 and $945,000 at the beginning and end of the year, res
pogonyaev

Answer:

$131,625

Explanation:

The computation of the net income for the year is shown below:

As we know that

Return on assets = net income ÷ average assets

0.15 = net income ÷ ($810,000 + $945,000) ÷ 2

0.15 = net income ÷ $877,500

So, the net income is

= $877,500 × 0.15

= $131,625

hence, the net income for the year is $131,625

We simply applied the above formula

3 0
4 years ago
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