Answer:
$254,700
Explanation:
Data provided in the question
Land Purchased = $250,000
Property taxes = $1,500
Attorney fees = $1,000
Land graded = $2,200
The calculation of the cost for the land is shown below:-
Cost for the land = Land Purchased + Property taxes + Attorney fees + Land graded
= $250,000 + $1,500 + $1,000 + $2,200
= $254,700
Answer:
Correct statement:
income will be $15000 less if Product A is made
Explanation:
<u>Contribution if all units made are Product A:</u>
5,000 machine hours / 2 hours per unit: 2,500 units
2,500 units x $14 per unit: $ 35,000
<u>Contribution if all units made are Product B:</u>
5,000 machine hours / 3 hours per unit: 1,666.67 units
1,666.67 units x $30 per unit: $ 50,000
There is a difference of 50,000 - 35,000 = 15,000 in favor to produce B
Answer:
The list of items are as follows:
1. Salaries for assembly line inspectors - direct labor or manufacturing overhead
2. Insurance on factory machines - manufacturing overhead
3. Property taxes on the factory building - manufacturing overhead
4. Factory repairs - manufacturing overhead
5. Upholstery used in manufacturing furniture - direct materials
6. Wages paid to assembly line workers - direct labor
7. Factory machinery depreciation - manufacturing overhead
8. Glue, nails, paint, and other small parts used in production - manufacturing overhead
9. Factory supervisors’ salaries - manufacturing overhead
10. Wood used in manufacturing furniture - Direct materials
Answer: Technician B is correct.
Explanation:
When checking for oil in the engine. One should only Locate the oil dipstick which will give a correct measurement to know how much is in the engine.
Technician A gave wrong information which can lead to environmental hazards if one heeds to his advice
Technician B gave the right answer by saying that oil on the DIPSTICK that catches fire when lit is a sign of fuel in the oil and not the entire oil as proposed by Technician B
Answer:
$18.3 million
Explanation:
Financing activities: It includes those activities which comes under the long term liabilities and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption, dividend, and the purchase of treasury stock is an outflow of cash.
The computation of the amount reported as a net cash flows from financing activities is shown below:
Cash flow from Financing activities
Issuance of common stock $38.6 million
Less: Purchase of treasury stock -$20.3 million
Net Cash flow from Financing activities $18.3 million