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Brut [27]
3 years ago
13

KRD Supplies Corporation provided the following information for the year:Beginning Balance—Work-in-Process Inventory $24,000Endi

ng Balance—Work-in-Process Inventory 56,000Beginning Balance—Raw Materials Inventory 83,000Ending Balance—Raw Materials Inventory 60,000Purchases—Raw Materials 362,000Direct Labor 470,000Indirect Labor 18,000Depreciation on Factory Plant and Equipment 24,000Plant Utilities and Insurance 272,000What was the amount of the manufacturing overhead costs?
Business
1 answer:
liberstina [14]3 years ago
8 0

Answer:

The amount of the manufacturing overhead costs is $314,000

Explanation:

The computation of the manufacturing overhead cost is shown below:

= Indirect Labor  + Depreciation on Factory Plant and Equipment + Plant Utilities and Insurance

= $18,000 + $24,000 + $272,000

= $314,000

The manufacturing overhead cost includes only indirect costs other than direct costs like direct labor, direct material, etc. Because of this, we do not considered it

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O'Hara takes temporary family leave from her job at Property Management Company to care for a family member with a serious injur
boyakko [2]

Answer:

A) ​continue it.

Explanation:

The Family and Medical Leave Act of 1993 requires businesses with more than 50 employees to allow employees to take up to 12 weeks of unpaid leave per year in order to take care of a newborn child, or adopt a child, or take care of the spouse or child that suffers from a serious health condition, or if the employee suffers from a serious health condition. If the family member belongs to the military is involved, then the leave time extends to 26 weeks per year.

4 0
3 years ago
You paid $10,000 for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum
coldgirl [10]

Answer:

7.50%

Explanation:

The formula to solve this problem is stated below.

p=\frac{A(1-(1+r)^{-n} }{r} + \frac{F}{(1+r)^{n} }

where p = price paid = $10,000

A = annual coupon payment = $750

n = tenor = 5 years

F = face value paid at maturity = $10,000

r, the unknown = rate of return.

Using extrapolation, the value of r that resolves the problem = 7.5%. The is expected since the price of the bond is the same as face value. As such, the rate of return was the same as \frac{A}{p}=\frac{750}{10,000} = 7.5%.

10,000=\frac{750(1-(1.075)^{-5} }{0.075} + \frac{10,000}{(1.075)^{5} }.

7 0
3 years ago
g sold their home (sales price $960,000; cost $260,000). All closing costs were paid by the buyer. Mitch and Michelle owned and
Llana [10]

Answer:

$700,000

Explanation:

Data provided in the question

Sales price of the home = $960,000

Cost price of the home = $260,000

Based on the above information,

The computation of the amount of gain included in gross income is shown below:

= Selling price of the home - cost price of the home

= $960,000 - $260,000

= $700,000

Hence, the amount of gain i.e $700,000 is included in the gross income

5 0
3 years ago
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses i
alekssr [168]

Answer:

The Gourmand Cooking School

1. Planning Budget for September:

                                         Fixed Cost  Cost per  Cost per  Planning

                                         per Month   Course    Student   Budget

Instructor wages                                $ 2,960                      $11,840

Classroom supplies                                              $ 270       16,740

Utilities                               $ 1,220        $ 75                          1,520

Campus rent                     $ 4,800                                         4,800

Insurance                          $ 2,300                                         2,300

Administrative expenses $ 3,900        $ 44           $ 7          4,510

Total                                                                                      $41,710

2) Flexible Budget for September:

                                         Fixed Cost  Cost per  Cost per  Flexible

                                         per Month   Course    Student   Budget

Instructor wages                                $ 2,960                      $11,840

Classroom supplies                                              $ 270        15,120

Utilities                               $ 1,220        $ 75                          1,520

Campus rent                     $ 4,800                                         4,800

Insurance                          $ 2,300                                         2,300

Administrative expenses $ 3,900        $ 44           $ 7         4,468

Total                                                                                   $40,048

3. The Revenue and Spending Variances for September (based on flexible budget):

                                        Planning  Flexible    Actual     Spending

                                        Budget    Budget                     Variance

Revenue                         $55,180 $46,280   $52,280    $6,000  F

Instructor wages             $11,840   $11,840     $11,120        $720  F

Classroom supplies         16,740     15,120      16,590        1,470  U

Utilities                               1,520      1,520         1,930           410  U

Campus rent                     4,800     4,800        4,800            0     None

Insurance                          2,300     2,300        2,440           140  U

Administrative expenses  4,510     4,468        3,936          532   F

Total                               $41,710 $40,048    $40,816        $768  U

Explanation:

a) Data and Calculations:

Sales price per student = $890

Planned number of courses = 4

Planned total number of students = 62

Actual number of courses ran = 4

Actual total number of students = 56

Data concerning the company’s cost formulas appear below:

                                         Fixed Cost  Cost per  Cost per

                                         per Month   Course    Student  

Instructor wages                                $ 2,960                  

Classroom supplies                                              $ 270  

Utilities                               $ 1,220        $ 75                      

Campus rent                     $ 4,800                                

Insurance                          $ 2,300                                    

Administrative expenses $ 3,900        $ 44           $ 7  

Actual Results:

Actual Revenue $ 52,280

Instructor wages $ 11,120

Classroom supplies $ 16,590

Utilities $ 1,930

Campus rent $ 4,800

Insurance $ 2,440

Administrative expenses $ 3,936                                                                        

4 0
2 years ago
The amount of money left in a checking account after the checks and the service charges have been deducted is called the:
BabaBlast [244]

Answer:probably interest

Explanation:

3 0
2 years ago
Read 2 more answers
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