Answer:
Cost of Job 1
Materials $ 950
Factory Labor $ 2300
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4970
Cost of Job 2
Materials $ 1460
Factory Labor $ 1800
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4980
Cost of Job 3
Materials $ 710
Factory Labor $ 1590
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4020
Explanation:
Preparation for the job cost sheets for each of the three jobs.
JOB COST SHEETS
Job1 Job2 Job 3
Materials $950 $ 1460 $710
Factory Labor $2300 $ 1800 $1590
General Factory
Indirect material $ 610 $ 610 $610
Indirect labor $ 1110 $ 1110 $1110
Total $4970 $4980 $4020
Cost of Job 1
Materials $ 950
Factory Labor $ 2300
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4970
Cost of Job 2
Materials $ 1460
Factory Labor $ 1800
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4980
Cost of Job 3
Materials $ 710
Factory Labor $ 1590
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4020
Therefore the job cost sheets for each of the three jobs will be:
Cost of Job 1
Materials $ 950
Factory Labor $ 2300
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4970
Cost of Job 2
Materials $ 1460
Factory Labor $ 1800
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4980
Cost of Job 3
Materials $ 710
Factory Labor $ 1590
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4020
Answer:
There are a few number of things that a businessman should always keep in mind to make his business flourish in the near future. The more competitive a business person is, the easier and faster success he gets.
Explanation:
The list of points that a businessman should follow is as follows:
1. It is necessary to keep a track on your competitor's product value, or the selling price of the same. Keeping this thing in track helps you to determine or set your product's selling price so that the consumers don't find them to be too expensive or cheap.
2. You need to be enough self motivated so that a little loss doesn't make you lose your confidence.
3. It is always advised to discuss your business aspects with an experienced one to take the perfect decision at the right time.
4. Being self-aware is a must while running a business. Don't trust anyone blindly. In case if your rivals are trying to make you lagging behind, you need to use your creative business mind to deal your customers.
5. Prioritizing the customer's needs and maintaining the quality is utmost important.
Answer:
The face value of each bond was $1,100
Explanation:
Hi, well, first we have to assume that all the future cash flows make sense to the owner of the bonds, that is, we are assuming that he paid the fair price for all the bonds and since they were 10, the price of each bond was $9,855.57/10= $985.56.
Now, we need to find the face value of the bond, taking into account that we planned to sell the bonds $50 less than its face value, therefore the equation that we need to solve for "X" (X being the face value of the bond) is:
Where:
Coupon = X * 8%
Yield = owner´s money yield
n = periods of payment
X = Face Value
So, it should look like this:
So, the face value of each bond was $1,100
Best of luck.
<span>If the head of your firm’s accounting department has asked you to find a formula she can use in a computer program to calculate the year-end inventory of gasoline in the company’s tanks, then you should evaluate or solve the integrals.</span>
Answer: $250,000 loss
Explanation:
The bonds' net carrying amount is
=($5,000,000 - $200,000)
= $4,800,000.
The loss on extinguishment is
=($5,000,000 X 1.01) - $4,800,000
= $250,000.