The founder of Alchemy Products Inc. discovered a way to turn gold into lead and patented this new technology. He then formed a
1 answer:
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Answer:
b. $42,600
Explanation:
First, we calculate the total cost of college:
Now, we calculate the net income she would receive, if she didn't go to the college:
Finally, the opportunity cost of going to college is the result of adding the total cost of college plus the net income that she would receive if she works instead of going to college.
Answer:
A. $5,250
Explanation:
As for the provided details we have,
The total cost of work in process on 31 March = $14,000
In this amount included as cost of direct labor = $5,000
This means the remaining amount $14,000 - $5,000 = 9,000 relates to cost of direct material and cost of manufacturing overheads.
Also provided that manufacturing overheads are applied using the predetermined rate of 75% of direct labor.
Thus, amount charged to work in process inventory for manufacturing overheads shall be $5,000 direct labor cost 75% = $3,750
Thus, direct material cost in work in process = $14,000 - $5,000 - $3,750 = $5,250