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-Dominant- [34]
3 years ago
14

The Fabricating Department started the current month with a beginning Work in Process inventory of $10,000. During the month, it

was assigned the following costs: direct materials, $76,000; direct labor, $24,000; and factory overhead, 50% of direct labor cost. Also, inventory with a cost of $109,000 was transferred out of the department to the next phase in the process.
The ending balance of the Work in Process Inventory account for the Fabricating Department is:

A. $13,000.B. $56,000.C. $59,000.D. $110,000.E. $165,000.
Business
1 answer:
san4es73 [151]3 years ago
5 0

Answer:

A.$13,000

Explanation:

The computation of ending balance is shown below:-

Factory overhead = $24,000 × 50%

= $12,000

Total cost = Direct material + Direct labor + Factory overhead + Current period cost + Opening work in progress

= $76,000 + $24,000 + $12,000 + $10,000

= $122,000

Ending work in progress = Total cost - Cost of units transferred

= $122,000 - $109,000

= $13,000

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In may, the price of a pair of jeans was 250% of its wholesale cost. in june, the price was reduced by 25%. after an additional
Lorico [155]
We have to go backwards:
After the discount in July ( 50 % ), the cost of jeans is $25.50
So the price before this discount was 2 * $22.50 = $45
In June, the price was reduced by 25%.
45 ------------------75%
x --------------------100 %
45 : x = 75 : 100
45 * 100 = 75 x
4,500 = 75 x
x = 4,500 : 75
x = $60
Finally, in May the price was 250% of its wholesale cost.
60 ----------------- 250%
x -------------------100 %
60 : x = 250 : 100
6,000 = 250x
x = 6,000 : 250
x = $24
Answer: The cost of the jeans in the wholesale was $24.

4 0
3 years ago
Read 2 more answers
. Resource utilization charts based on each activity’s latest start time are said to be based on an ____ schedule. a. as-soon-as
Genrish500 [490]

Answer:

The correct answer is letter "B": as-late-as-possible.

Explanation:

Primavera P6 is a Project Management Program useful to plan, schedule, execute, and control projects. In scheduling, there are constraints such as the As-Late-As-Possible (ALAP) which is used to delay a project's start without affecting its completion. For manufacturers using the Just-In-Time (JIT) inventory ALAP will be beneficial since the arrival of the raw materials must be delayed until it reaches the plant.

8 0
3 years ago
A bank has on-balance-sheet assets with a book value of $940 million and a market value of $985 million and on-balance-sheet lia
horsena [70]

Answer:

$45 million

Explanation:

Data provided in the question:

Book value of assets = $940 million

Market value of assets = $985 million

Book value of liabilities = $900 million

Market value of liabilities = $930 million

off-balance-sheet assets = $150 million

Off-balance-sheet liabilities = $160 million

Now,

Stockholders Net worth

= Market value of assets + Off balance sheet assets - Market value of liabilities - Off balance sheet liabilities

= $985 million + $150 million - $930 million - $160 million

= $45 million

8 0
4 years ago
Foreign managers trained in the latest management techniques can often help to improve the efficiency of operations in the host
dezoksy [38]

Answer: Resource Transfer Effects.

Explanation:

These foreign managers are trained with well equipped management techniques whether those techniques are acquired or greenfield developments. These foreign managers bring with them these resources and transfer them within the host country. This Foreign direct investments falls into the category of Resource Transfer Effects.

4 0
3 years ago
$26 per share is the current price for Foster Farms' stock. The dividend is projected to increase at a constant rate of 7.00% pe
ladessa [460]

Answer:

33.94%

Explanation:

The computation of stock's expected price 5 years is shown below:-

Stock price = $26

Required return = 12%

Growth rate = 7%

Current dividend per share = Stock price × (Required return - Growth rate) ÷ (1 + Growth rate)

= $26 × (12% - 7%) ÷ (1 + 7%)

= $26 × 5% ÷ 1.07

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Stock price in 5 years = Expected dividend ÷ (required return - Growth rate)

Expected dividend = $1.21 × (1 + 7%)^5

= $1.21 × 1.402551731

= $1.697

Stock price in 5 years = $1.697 ÷ (12% - 7%)

= $1.697 ÷ 5%

= 33.94%

8 0
3 years ago
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