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valentina_108 [34]
3 years ago
9

Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $9,280 and equipment depr

eciation of $2,300 for 640 hours of production. The department actually completed 600 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. Round your labor rate to nearest cent.
Business
1 answer:
andriy [413]3 years ago
4 0

Answer:

$11,000

Explanation:

Fabricating Department budgeted direct labor = $9,280

Depreciation remains constant at any level of production.

Budgeted labor rate = Budgeted direct labor ÷ Hours of production

                                  = $9,280 ÷ 640

                                  = $14.5 per hour

Direct labor cost = completed hours of production × Budgeted labor rate

                            = 600 × $14.5

                            = $8,700

Budget for the Fabricating Department at 600 hours of production:

Budgeted cost = Direct labor cost + Equipment depreciation

                         = $8,700 + $2,300

                         = $11,000

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Tanya [424]

Answer:

$200

Explanation:

When Supplies inventory are purchased, a debit is posted to Supplies inventory and a credit to cash account or accounts payable.

As the inventories are used, debit Supplies expense and credit Supplies inventory account.

Given that $1,000 was the debit in the books and $800 per count, it means the books balance needs to be written down to the physical balance. The difference to be posted

= $1,000 - $800

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This will be done by

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Being entries to record inventory used in July

4 0
3 years ago
Jasper is interested in making a lot of money. He is a very good salesperson. People tell him he could sell sand in the Sahara D
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2 years ago
You purchased 500 shares of Barden Enterprises stock for $55.43 per share at the beginning of the year. The stock is currently p
krok68 [10]

Answer:

Dividend yield is 2.91 %.

Explanation:

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<em>where,</em>

Annual Dividend per Share = Total Dividends ÷ Total Number of Shares

                                              = $835 ÷ 500

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Dividend yield = $1.67 / $57.48 × 100

                        = 2.905 or 2.91 %

4 0
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Television is a popular advertising medium among companies selling products and services that are consumed by mass markets becau
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Answer:

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3 years ago
Following is a partial process cost summary for Mitchell Manufacturing's Canning Department. Equivalent Units of Production Dire
ira [324]

Answer:

The total conversion costs transferred out of the Cranning Department = $196000  

Explanation:

We have been given with the equivalent units of production with direct materials and conversion.  In order to find the total conversion costs transferred out of the Cranning Department, we need the conversion units which are 50,000 units along with cost per equivalent unit for conversion which is $3.92 per EUP.

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