Answer:
the cost to be assigned to the building is $288,000
Explanation:
The Costs of Land, Building and Equipment have to be determined separately due to the fact that their usage is different and hence depreciation charges are different.
The Appraisal value is used to apportion the cost of $450,000 to the Land, Building and Equipment as follows :
PPE Item Appraised Value
Land $100,000
Building $320,000
Equipment $80,000
Total $500,000
Apportionment of Cost to Building :
Building = $320,000/ $500,000× $450,000
= $288,000
Answer: D) Cash and carry wholesaler
Explanation: Cash and carry wholesaler is function that place in the wholesale field.It differs from the regular mechanism of retail, in this sector the goods are traded from wholesale field by paying extra payment for delivery, opting self- transportation etc.
The Rosy Sweets Treat's workers visit the Widget suppliers warehouse on monthly basis because they have opted for self transportation to carry the goods from warehouse to restaurant due to less space available for keeping the goods in restaurants and meet the huge amount of merit-in sales.
Other options are incorrect because agent is someone representing on behalf of other company, broker is the individual that sells and buys items for other party and drop shippers don't keep stock items with them rather ship them .Thus, the correct option is option(D).
Answer:
Cost of jobs completed in February=
Direct materials issued to production+
Direct labor costs+
Manufacturing overhead applied
=(96000+113000+119000)
=$328000(B).
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