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
-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

You might be interested in
The rationing function of prices refers to the fact that government must distribute any surplus goods that may be left in a comp
natulia [17]

Answer: false

Explanation: The rationing function of price describes the way in which the use of price is done for rationing of several scarce resource. This is done automatically by the market forces of demand and supply as when the demand for a commodity exceeds its supply the price of the commodity rises leading to decrease in demand.

Thus, rationing function states to ration the goods and distribute them carefully and not to distribute the surplus amount.

4 0
2 years ago
Ann is a teacher who became interested in helping adults in some of the poorer neighborhoods learn how to read. She plans to sta
garik1379 [7]

Answer:

correct answer is nonprofit organization

Explanation:

  • The nonprofit organization primarily represents organizations based on scientific, educational, research and religious concerns.
  • The nonprofit organization represents voluntary and association type organizations that do not pay income tax.
  • In question, Ana is a professional teacher and she wants to help a poor student in her studies and open a center known as a non-profit organization.

so correct answer is nonprofit organization

5 0
3 years ago
In a matrix organization, each employee reports to a functional and a(n) __________ manager.
Fofino [41]
The answer is project. <span>In a matrix organization, each employee reports to a functional and a(n) project manager. you can look it up on quizlet.</span>
7 0
2 years ago
Economics: Which items make up the marketing mix?
Degger [83]

Answer: Price, Product, Promotion and Place.

Explanation:

7 0
2 years ago
Read 2 more answers
A farmer raises wheat and pays a portion of it as a tax that is collected by government agents and sent to a central storage fac
Olegator [25]

Answer:

REDISTRIBUTION                      

Explanation:

Redistribution of assets and income can be defined as social mechanism like taxes, education, healthcare, government services, political reform, fiscal policy, confiscation, separation or tort rule is the redistribution of wealth and income from some persons to others.

The phrase's meanings differ, based on private experiences, political philosophies and limited statistical usage. In politics, it is often said, probably referring to supposed transfers of wealth from those with more to those who have less.

3 0
3 years ago
Other questions:
  • The following is a partial year-end adjusted trial balance. Account Title Debits Credits Sales revenue $ 460,000 Loss on sale of
    13·1 answer
  • Matt Shaw buys 100 shares of common stock for $8,000 in January. The value of the stock fluctuates in a narrow range (averaging
    12·1 answer
  • When assessing the value of a business, is most important.
    12·2 answers
  • Which of the following is NOT a role of production and distribution in a company?
    12·1 answer
  • A preliminary prospectus_____________.
    7·1 answer
  • Definition: The total value of all the goods and services produced within a country in a given year
    10·1 answer
  • Using too few balanced scorecard​ measures: A. will not balance desired outcomes with performance drivers of those outcomes. B.
    8·1 answer
  • The clerical and editorial employees in a publishing house need to be at their desks by 8:00 AM and follow a set of precise proc
    15·1 answer
  • A campus has a policy that requires all chalkings to be removed each friday by designated staff. Is this policy content-neutral?
    14·1 answer
  • Here is economic calendar for the United Kingdom for August 2013, Examine indicators like PMI (Market UK PMI Manufacturing), emp
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!