Answer: A.The cumulative customerminus−level operating income of the top eight customers represents about 105.1105.1% of operating income
Explanation:
The Cumulative total of the first 8 customers is,
= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00
= $17,355.70
The Cumulative total of the Operating Income is,
= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00 - 168 - 676
= $16,511.70
Dividing both figures gives,
= 17,355.70 / 16,511.70 * 100
= 1.0511051 * 100
= 105.1105.1%
Option A is therefore correct.
Answer: <em>Cost of Goods Manufactured = $ 660,000</em>
Explanation:
Direct Material Used $ 240,000
Direct labor $ 250,000
Manufacturing overheads applied $ 150,000
Total manufacturing Cost $ 640,000
Add: Work in process $ 40,000
Total Manufacturing cost $ 680,000
Less: Work in process $ 20,000
Cost of Goods Manufactured $ 660,000
Answer:
Total= $292,520
Explanation:
Giving the following information:
Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.
Cash budget for June:
Sales= [(400*1.03)*750]*0.3= 92,700
Sales from May= (400*750)*0.7= 210,000
Salary= (4,000)
Commision= [(400*1.03)*750]*0.02= (6,180)
Total= $292,520
Answer:
bigger is the correct answer.
Explanation:
Answer:
Year-end WIP 62,200
jounral entry for completed jobs:
-------------------------------------
Finished Good Inventory 1,149,800 DEBIT
WIP inventory 1,149,800 CREDIT
-------------------------------------
Explanation:
<u>WIP </u>
Beginning $ 72,000
Materials $ 390,000
Labor $ 500,000
Overhead <u>$ 250,000</u>
Total WIP $ 1,212,000
<u />
<u>Finished Jobs:</u>
Job 210 $ 200,000
Job 224 $ 225,000
Job 216 $ 288,000
Job 230 <u>$ 436,800</u>
Total $ 1,149,800
the jobs complete will move to finished good and credit WIP inventory
WIP year-end:
1,212,000 - 1,149,800 = 62,200
