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FinnZ [79.3K]
2 years ago
10

Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year:

Business
1 answer:
antiseptic1488 [7]2 years ago
8 0

Answer:

Option (c) is correct.

Explanation:

Given that,

Work in Process, January 1 = $51,600

Work in Process, December 31 = 37,800

Direct materials used = $13,300

Total factory overhead = 6,300

Direct labor used = 27,300

Therefore,

Total manufacturing cost:

= Direct material + Direct labor + Factory overhead

= $13,300 + $27,300 + $6,300

= $46,900.

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If a stock split occurred, when calculating the current year's EPS, the shares are treated as issued:A. At the end of the year.B
son4ous [18]

Answer:

Correct answer is (C)

Explanation:

At the beginning of the year.

Earnings per share (EPS) is the portion of profit earned by the company that is allocated to each outstanding share of its common stock. It is determined by taking the difference between a company's net income and dividends paid for preferred stock and then divided by the average number of shares outstanding. So if stock split occurred when calculating the current year EPS, the shares are treated as issued at the beginning of the year.

7 0
2 years ago
For the year ended December 31, Ion Corp. had cash inflows of $25,000 from the purchases, sales, and maturities of held-to-matur
77julia77 [94]

Answer:

The amount of net cash flow from investing activities that ion should report in its cash flow statement is $65,000.

Explanation:

A cash flow statement is one of the financial statements which will tell how changes in income statement and balance sheet accounts will affect the company's cash inflow and outflow. This statement will break down the analysis in to operating , investing and financing activities.

For taking out the net cash flow in investing activities, purchase activities are added and sale activities are subtracted and from the given information in the question , it is clear that both are purchasing activities, therefore

NET CASH FLOW FROM INVESTING = $25,000 + $40,000

                                                              = $65,000

5 0
2 years ago
When Daniel was hired to work for Bush Refrigeration Company, he was told, "The sales training program is 18 weeks, and we'll pa
Alinara [238K]

Answer:

Straight salary compensation plan

Explanation:

  • The correct answer is Straight salary compensation plan because here Bush company of Refrigeration has placed Daniel on a straight salary compensation plan
  • As the Straight Pay Compensation Scheme is a form of payment that a company hires at a certain point in time that does not affect employee performance.

7 0
3 years ago
During the most recent month, the following activity was recorded: a. Eleven thousand two hundred pounds of material were purcha
VikaD [51]

Complete question:

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below:

Standard Quantity or Hours Standard Price or Rate Standard  Cost

Direct materials 4.6 pounds $ 2.50 per pound $ 11.50

Direct labor 0.2 hours $ 12.00 per hour $ 2.40

During the most recent month, the following activity was recorded:

a. Eleven thousand two hundred pounds of material were purchased at a cost of $2.90 per pound.

b. The company produced only 1,120 units, using 10,080 pounds of material. (The rest of the material purchased remained in raw materials inventory.)

c. Five hundred and forty eight hours of direct labor time were recorded at a total labor cost of $6,576.

Solution:

Direct Material price Variance

= (Actual Price - Standard price) x Actual Quantity

= ($2.90 - $2.50) x 10,080 = $4032 (F)

Standard Quantity = 1,120 x 4.6 = 5,152 pounds

Direct Material Quantity Variance

= (Actual Quantity - Standard Quantity) x Standard Price

= (10,080 - 5,152  ) x $2.50 = $12,320 (U)

7 0
3 years ago
What type of unemployment occurs when people take time to find a job?
Vesnalui [34]

frictional unemployment

3 0
2 years ago
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