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serg [7]
3 years ago
9

For external reporting purposes, U.S. GAAP allows companies to use:

Business
1 answer:
Advocard [28]3 years ago
7 0

Answer:

For external reporting purposes US GAAP allows companies to use

The variable costing format.

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The following events took place at a manufacturing company for the current year: (1) Purchased $96,300 in direct materials. (2)
andrezito [222]

Answer:

$90,139.00

Explanation:

ending Work in process inventory = Beginning WIP + Direct Materials + Direct labor + Material Overhead - Cost of goods manufactured

Beginning Work In Progress = 0

Direct Materials = 0.80*$96,300

                           = $77,040

Direct labor = $57,300

Material Overhead = indirect labor + other manufacturing head

                                = $14,900 + $108,300

                                = $123,200

ending Work-in-Process Inventory

= beginning inventories + direct material + direct labor + material overhead

= (0 + $77,040 + $57,300 + $123,200)*0.35

= 257,540*0.35

= $90,139

Therefore, The value of the ending Work-in-Process Inventory is $90,139.

3 0
3 years ago
Google Maps is a web mapping service that provides street maps and directions. A Google Maps component can be added to a busines
Hoochie [10]

Answer:

(C) Service-oriented architecture

Explanation:

Service-oriented architecture -

It is a type of software which is designed , to provide the services to other components via application components via a communication protocol in a network .

The principle of SOA does not depend on technologies , products , vendors .

<u>The properties of SOA are as follows - </u>

1. It is a black box for the consumers .

2. It may consist of other underlying services .

3. It is self-contained .

4. It represents the activity of business with a specified outcome .

6 0
3 years ago
Which of the following is true regarding the contribution margin ratio of a company that produces only a single product? Multipl
Artist 52 [7]

Answer

The contribution margin ratio multiplied by the selling price per unit equals the contribution margin per unit.

Explanation:

What happens to the contribution margin ratio of a company that produces only a single product is that the contribution margin ratio multiplied by the selling price per unit equals the contribution margin per unit

5 0
3 years ago
The _____ curve represents the full employment capacity of the economy and depends on the amount of resources available for prod
julia-pushkina [17]

The Long-Run Aggregate Supply curve represents the full employment capacity of the economy and depends on the amount of resources available for production and the available technology.

<h3>What is Long-Run Aggregate Supply Curve?</h3>

The Long-Run Aggregate Supply (LRAS) Curve depicts the relationship between price level and real GDP that would exist if all prices, including nominal wages, were completely flexible. Along the LRAS, prices can move, but production cannot since it represents the output of full employment.

To learn more about LRAS visit:

brainly.com/question/27064601

#SPJ4

5 0
2 years ago
A company using the periodic inventory system has inventory costing $152 on hand at the beginning of a period. During the period
BabaBlast [244]

Answer:

A. $288

Explanation:

The cost incurred to produce or purchase the product which is being sold is called cost of goods sold.

Cost of Goods Sold = Beginning Inventory + Purchases in the period - Ending Inventory

Cost of Goods Sold = $152 + $492 - $356

Cost of Goods Sold = $288

7 0
3 years ago
Read 2 more answers
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