9 labels or advertisements for products which use circles in their name or logo

Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory accou

kotykmax [81]

Answer:

1. Overhead rate = Overhead costs / Direct material costs

Overhead rate = $684,000 / $1,900,000

Overhead rate = 0.36

Overhead rate = 36%

2. How much direct labor cost and overhead cost are assigned to this job?

Total cost of job in process $71,000

Less: Overhead applied $7,920

($22,000 * 36%)

Less: Material cost of job in process $22,000

Direct labor cost $41,080

Hence, direct labor cost is $41,080 and Overhead cost is $7,920

8 0

3 years ago

Wayne Company's beginning and ending inventories for the month of June were as follows:

ipn [44]

Answer:

d. $487,750

Explanation:

Cost of goods manufactured

Consider only the manufacturing costs

Cost of goods manufactured = $145,000 + $200,000 + $ 170,000 + ($5.75 x 25,000) - $171,000

= $487,750

Note : Only overheads applied $143,750 ($5.75 x 25,000) are added to cost of goods manufactured instead of actual overheads.

Conclusion

the amount of cost of goods manufactured is $487,750

5 0

3 years ago

The market price of xyz corporation common stock is $55 and its quarterly dividend is $0.60. what is the stock's current yield?

eduard

The market price of XYZ corporation common stock is $55 and its quarterly dividend is $0.60. 4.36% is the stock's current yield.

A stock's current yield is determined by dividing the annual dividend by the stock's current market price. In this example, the stock's annual dividend is found by multiplying the quarterly dividend of $0.60 by 4. This equals $2.40. So the current yield is 4.36% ($2.40 ÷ $55).

Common stock is a class of stock that represents ownership of a company. Holders of common stock, called shareholders, are entitled to: Voting rights to elect directors. Normally a shareholder can cast one vote for each share he owns.

Learn more about common stock at

brainly.com/question/25765493

#SPJ4

4 0

2 years ago

Alpha Products maintains a capital structure of 40 percent debt and 60 percent common equity. To finance its capital budget for

ad-work [718]

Answer:

its weighted cost of capital for the coming year is 9.64%

Explanation:

WACC is the minimum return expected from a project. It shows the risk of the company.

Calculation of WACC.

Capital Source Weight Cost Total

Debt 40% 6.60% 2.64%

Common Equity 60% 11.67% 7.00%

Total 100% 9.64%

Cost of Debt = Market Interest Rate × ( 1 - tax rate)

= 11%×(1-0.40)

= 6.60%

Cost of Equity = (Next year`s dividend/Current Market Price of a share)+Expected growth rate

= ($1.40/$30)+0.07

= 11.67%

8 0

2 years ago

Income Statement Imaging Services was organized on March 1, 2018. A summary of the revenue and expense transactions for March fo

IrinaVladis [17]

Answer:

Total Expense: $ 347,000

Income: $ 135,000

Explanation:

Income Statement Imaging Services

For the Month Ended March 31, 2018

Fees earned $482,000

Wages expense $ 300,000

Rent expense $41,500

Supplies expense $3,600

Miscellaneous expense $1,900

Total Expenses $ 347,000

Income $ 135,000 Wages, rent , supplies and miscellaneous expenses are totaled and deducted from the fees earned. Fee earned is the revenue and the expenses are deducted from it. By deducting expenses from revenue we get the income.

7 0

2 years ago

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