Answer: The correct answer is "B. current costs plus cost of beginning Work-in-Process Inventory".
Explanation: The weighted average method of process costing takes into account the costs of the initial inventory since this method calculates the unit cost of the units by means of the number of units and the total cost of them. Therefore the weighted average will drag the costs of the initial inventory.
Answer:
future savings
Explanation:
because at the end of the 5year saving she will be able get more interest on her saving
Answer:
$140 per hour
Explanation:
The computation of labor charge per hour is shown below:-
Labor charge per hour = (Total of Wheels 'N Spokes Repair Shop ÷ labor hours) + Profit margin
= ($500,000 ÷ 5,000 hours) + $40 per labor hour
= $100 per hour + $40 per hour
= $140 per hour
Therefore for computing the labor charge per hour we simply applied the above formula.
Answer:
Please see balance sheet below.
Explanation:
Wolfpack construction balance sheet.
Dec 31
Assets $
Cash 6,000
Land 18,000
Equipment 26,000
Total assets 50,000
Liabilities.
Accounts payable 3,000
Notes payable 20,000
Total liabilities 23,000
Equity
Common stock 11,000
Retained earnings 16,000
Total stockholders equity. 27,000
Total liabilities and stockholder's equity(23,000 + 27,000) 50,000