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3 years ago

Work in Process Inventory

Business

1 answer:

dedylja [7]3 years ago

8 0

Answer:

e. $8,360.

Explanation:

The started and completed units cost $42,250

Completed and transferred out $ 50,610

The cost of completing the units in the beginning Work in Process inventory

= Completed and transferred out $ 50,610 minus The started and completed units cost $42,250 =

=$ 50,610-$42,250 = $8,360.

The completed units would not require any work in process and the started units only require work in process which is equal to $8,360.

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Many firms consider wage costs to be variable costs. Why do academic book publishers usually consider their wage and salary cost

noname [10]

Answer: This could be explained as follows

Explanation: Fixed cost are the cost which do not change with level of output and variable cost are those which does change with the level of output.

Wage sand salary cost are considered to be fixed as most of the firms pay their employees on monthly basis rather than on hourly or per unit basis.

Travelling cost can be both fixed or variable as per the situation as sometimes the travel is frequent and sometimes it is to be done for special purposes.

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4 years ago

Which of the following items is not needed to prepare a sales budget by product line?

Illusion [34]

Answer:

D) Expected purchase price of each product.

Explanation:

According to my research a "Sales Budget" is a companies estimation of sales for any given financial period of the year. This being the case we can say that the item that is NOT needed would be the expected purchase price of each product. This is because they already have the overall expenses for that period, and in a sales budget they just need to calculate the selling price and units expected to sell in order to estimate the profit.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

4 years ago

When radio is used as an advertising medium, which of the following statements is usually true. a.Local customers embrace radio

devlian [24]

Answer:

a. Local customers embrace radio advertising.

Explanation:

Advertising is any paid form of non personal presentation and promotion of goods and services which is aimed at promoting immediate sales.

There are several forms of advertisements which are radio, television, news papers and magazines, direct mails, fairs and exhibition, window display, outdoor advertising etc.

Radio advertising is one of the important forms of advertising because it covers wider range and all listeners. Local customers also embrace radio advertisement because they might not have immediate access to other forms like newspaper and magazines.

However, one of the disadvantages of radio advertising is high advertising cost. The messages are also very short and one could barely hear those messages atimes.

7 0

3 years ago

M. Bot Corporation has 15,000 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2017. No divi

Allushta [10]

Answer:

$95,000

Explanation:

The computation of the amount of dividends will common stockholders receive is shown below:

But before that first we have to determine the preference shareholder for 3 years i,e 2015, 2016 and 2017

= 15,000 shares × 9% × $100 × 3 years

= $405,000

Now the amount of dividends will common stockholders receive is

= $500,000 - $405,000

= $95,000

6 0

3 years ago

Canyon Tours showed the following components of working capital last year: Beginning of YearEnd of Year Accounts receivable$ 25,

Scilla [17]

Answer:

a. - $3,200

b. $15,200

Explanation:

The computation of the working capital for both the years is shown below:

Beginning of Year

= Accounts receivable + inventory - accounts payable

= $25,400 + $12,700 - $15,200

= $22,900

End of year

= Accounts receivable + inventory - accounts payable

= $23,700 + $13,900 - $17,900

= $19,700

So, the change in net working capital

= $22,900 - $19,700

= - $3,200

b. The computation of the cash flow for the year is shown below:

= Sales - costs - change in working capital

= $36,700 - $24,700 - (-$3,200)

= $15,200

4 0

3 years ago