All categories

3 years ago

Forest Components makes aircraft parts. The following transactions occurred in July.

Business

1 answer:

rjkz [21]3 years ago

4 0

Answer and Explanation:

Answer and explanation attached

Beginning raw materials = ending raw materials +raw materials for production+issued raw materials- raw materials purchased -raw materials returned from production= $79800

Cost of goods manufactured =ending finished goods+cost of goods sold -beginning finished goods= $553000

Beginning work in progress inventory=

Ending work in progress + cost of goods manufactured + materials returned - manufacturing overhead applied- issued raw materials-direct labour wages =$105490

You might be interested in

an employee is found to have grossly mistreated a client, which the employee has never done before. what consequence should be a

Amanda [17]

An employee is found to have grossly mistreated a client, which the employee has never done before is Termination.

A person engaged by an employer to do a certain task is known as an employee. Employers are in charge of deciding how much an employee is paid, when they work, and how they work. Employees receive advantages that contractors do not in return. A person who completes particular responsibilities for a company in exchange for regular payment is called an employee.

Employees and employers often agree on a salary and benefits packages, such as vacation time and overtime pay.

Employers assume the financial risk of the venture in exchange for greater control over the employee's work, which distinguishes them from independent contractors.

An employee may have a temporary, part-time, or full-time job assignment.

Learn more about employee here:

brainly.com/question/13405418

#SPJ4

6 0

2 years ago

Claxton Company purchased a van on January 1, 2018, for $820,000. The estimated life of the van was five years, and its estim

vaieri [72.5K]

Answer:

The depreciation expense for 2020 is $215,100

Explanation:

Given

Claxton Company purchased a van on January 1, 2018, for $820,000.

Useful life = 5 years

Residual value = $103,000

Annual depreciation = ($820,000- $103,000)/5

= $717,000/5

= $143,400

At the beginning of 2020, the asset would have been depreciated for 2 years (2018 and 2019)

Net book value = $820,000 - 2($143,400)

= $533,200

Since the residual value remains the same after a revision of the estimated useful life from 5 years to 4 years

The asset would only have 2 years left for depreciation.

Annual depreciation = ($533,200 - $103,000)/2

= $430,200/2

= $215,100

5 0

3 years ago

There is a need to develop theories about what kind of fraud has occurred.

Mashcka [7]

A fraud in general terms refers to a wrongful or criminal deception intended to result in a financial or personal gain. This kind of acts should be more observe especially to those people that are done by the wrongful act and theories and some investigation should be done in order to counter the next incident that might happen with the same kind of fraud.

4 0

3 years ago

This type of pay is defined as added pay for employees that have reached the maximum of a pay grade and are unlikely to move int

Anna71 [15]

The answer is <span>longevity pay.</span>

5 0

3 years ago

Identify the difference, advantages and disadvantages between Intuition Assessment and Structured Analytical Techniques (SAT).

Oduvanchick [21]

Answer:

Structured analytic techniques (SATs) are the ways which coherent thought are analysed in a systematic and transparent way so as to share and be critiqued by others.

Intuition Assessment on the other hand, is the way a person reacts to his Intuition and chooses to act on them.

SATs are more useful when it comes to analytical or logical decisions while IA is useful in making in the spot decision based on gut feelings.

8 0

3 years ago