Answer:
$36.24
Explanation:
The computation of unit product cost is shown below:-
Unit product cost = Direct material + Direct labor + Manufacturing overhead) ÷ Unit completed
= ($59,400 + (1254 × $11) + (1254 × $37)) ÷ 3,300
= ($59,400 + $13,794 + $46,398) ÷ 3,300
= $119,592 ÷ 3,300
= $36.24
Therefore for computing the units product cost we simply applied the above formula.
Answer:
<em>Ending WIP = 29,700</em>
Explanation:
![Beginning \: WIP+ Cost \: added= Ending \: WIP + COGM](https://tex.z-dn.net/?f=Beginning%20%5C%3A%20WIP%2B%20Cost%20%5C%3A%20added%3D%20Ending%20%5C%3A%20WIP%20%2B%20COGM)
Beginning WIP 26,500
Direct Materials used 74,300
Direct Labor used 55,000
Factory Overhead 95,700
Cost added during the period 225,000
Cost of Goods manufactured 221,800
![Beginning \: WIP+ Cost \: added= Ending \: WIP + COGM](https://tex.z-dn.net/?f=Beginning%20%5C%3A%20WIP%2B%20Cost%20%5C%3A%20added%3D%20Ending%20%5C%3A%20WIP%20%2B%20COGM)
26,500 + 225,000 = Ending WIP + 221,800
26,500 + 225,000 - 221,800= Ending WIP
<em>Ending WIP = 29,700</em>
We need the materials used in production, <u>the purchases is not the value we need, it is irrelevant.</u>
Answer:
Improve your budgeting skills
Explanation:
When your expenses each month exceeds your income, it probably means that your budgeting skills are ineffective or you don't have non at all. If you spend more than what you earn, then chances are high that you will need to borrow to service your excess expenditure. If you continue borrowing to meet your budget, then you might end up in perpetual debt where you are unable to pay back you loan. This often leads to a default, which can have some serious consequences to your credit. Luckily, there are various steps that one can take to meet their expenditure and also to put them on the right track towards financial independent.
The best way towards financial freedom is improving ones budgeting skills through the following methods;
1. Track your spending: most of the time people spend without necessarily knowing where their money goes. Expenditure tracking is a way in which you can record where your money goes. One will be surprised at how small cutting down on wants rather than needs can help in the long run.
2. Plan ahead: financial success needs one to plan ahead. Planning helps one avoid any surprises that might pop up. A plan is always like a map of showing you how much and when to spend your money.
3. If possible look for alternative sources of income: if there is a part-time job that you can do to an extra income, this could cover the excess expenditure above your income and elevate you from debt.
Answer:
a.partnership
Explanation:
A partnership is when at least two people come together to start a business.
A partnership has unlimited liabilities. It means the personal assets of partners can be used to pay off the debts of the business.
A limited liability company is a company in which the liability of partners is limited to the amount invested in the business.
A corporation is a business where investors can become owners of the company by purchasing shares of the company. A corporation has limited liability. S corporation and corporation subchapter are types of corporation with at most 100 shareholders. The s corporation and corporation subchapter are taxed like a partnership.
Answer:
$50,000
Explanation:
The theatre should record the securities at the date of donation for $50,000 because for donated securities, they are usually recorded at the fair value upon receipt. Also, for contribution - which is a gift, usually measured at the fair value when received to the not for profit organization , same applies to securities.