1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Westkost [7]
3 years ago
5

Wright maintains an ending inventory for each month in the amount of one and one-half times the expected sales in the following

month. The ending inventory for February (March’s beginning inventory) reflects this policy. Materials cost $5 per unit and are paid for in the month after production. Labor cost is $9 per unit and is paid for in the month incurred. Fixed overhead is $13,000 per month. Dividends of $20,200 are to be paid in May. The firm produced 7,000 units in February.

Business
1 answer:
Harlamova29_29 [7]3 years ago
5 0

<u>Explanation:</u>

In the above problem the cash payments of wright corporation is given. From which the production schedule and summary of payments for the month of March, April and May are calculated.

The inventory of the given month is taken as 1.5 times the projected sales for the next month.  Material cost and labor cost is given per unit cost on the projected sale for last month.

You might be interested in
Flynn Industries has three activity cost pools and two products. It expects to produce 2,200 units of Product BC113 and 1,430 of
netineya [11]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the allocation rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine setup= 19,608 / 38= $516 per set up

Machining= 123,650 / 4,945= $25 per machine hour

Packing= 33,530 / 479= $70 per  order

<u>Now, we can allocate to each product:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product BC113:

Machine setup= 516*21= $10,836

Machining= 25*1,122= $28,050

Packing= 70*192= $13,440

Total= $52,326

Product AD908:

Machine setup= 516*17= $8,772

Machining= 25*3,824= $95,600

Packing= 70*287= $20,090

Total= $124,462

<u>Finally, the unitary cost:</u>

Product BC113= 52,326 / 2,200= $28,79

Product AD908= 124,462 / 1,430= $87.04

3 0
3 years ago
In 2018, borland semiconductors entered into the transactions described below. In 2015, borland had issued 215 million shares of
Ilya [14]

Answer:

Kindly check attached picture

Explanation:

In 2018, borland semiconductors entered into the transactions described below. In 2015, borland had issued 215 million shares of its $1 par common stock at $47 per share.

Required: Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions:

a. On january 2, 2018, borland reacquired 11 million shares at $45.00 per share.

b. On march 3, 2018, borland reacquired 11 million shares at $50 per share.

c. On august 13, 2018, borland sold 1 million shares at $55 per share.

d. On december 15, 2018, borland sold 2 million shares at $50 per share.

Kindly check attached picture for detailed explanation

6 0
3 years ago
Which of the following is a way to make your mission statement the best it can be?
NeX [460]
Revise the mission statement as conditions change and the business climate evolves.
3 0
3 years ago
Organization that offer products to their customers to earn a profit are known as?
Alexus [3.1K]

An organization that offer goods and services to customers to earn a profit are known as, for profit organizations. A for profit organization is a organization that has a goal to earn profit from their customers.

7 0
3 years ago
Read 2 more answers
Write a short paragraph that explains the central idea of the article. Use at least two details from the article to support your
melamori03 [73]
What article how would we know the answer without the article
8 0
3 years ago
Other questions:
  • Elk Creek Company’s most popular product requires specialized labor. The employees are highly productive, but also highly paid.
    7·1 answer
  • Which of the following is NOT one of the common types of caught-in and caught-between hazards?
    15·1 answer
  • Soltura Products Inc. has a training program for customer service representatives that tests trainees on their knowledge of comp
    5·1 answer
  • Steven, the vice president of Clair Ltd., has always been able to delegate tasks effectively and inspire his subordinates. He li
    7·1 answer
  • The equilibrium price is often called the market-clearing price because:
    8·1 answer
  • Which marketing metric measures the percentage of the target market that has been exposed to a promitonal message at least once
    8·1 answer
  • Other things the same, the effects of an increase in transfer payments on the government's budget deficit will lead to
    15·1 answer
  • Cost flow relationships The following information is available for the first year of operations of Creston Inc., a manufacturer
    5·1 answer
  • the true statement from the list below, regarding the Contribution Format Income statement. Multiple Choice The Contribution For
    10·1 answer
  • The risk encountered by a firm of classifying a production process as ""out of control"" when it is truly in control is often ca
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!