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3 years ago

Comet Company accumulated the following account information for the year:

Business

1 answer:

Nuetrik [128]3 years ago

7 0

Answer:

$9,200

Explanation:

The computation of the total factory overhead cost is shown below:

= Indirect materials cost + Indirect labor cost + Maintenance of factory equipment

where,

Indirect materials cost is $1,800

Indirect labor cost is $4,800

And, the Maintenance of factory equipment is $2,600

So, the total factory overhead cost is

= $1,800 + $4,800 + $2,600

= $9,200

As we know that the factory overhead records all the indirect cost related to the factory and the same is to be considered

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A company has $1,378 in inventory, $4,827 in net fixed assets, $664 in accounts receivable, $298 in cash, $626 in accounts payab

Nata [24]

Answer:

$7,167

Explanation:

Assets are resources held by an entity as a result of a past event, for which future economic benefits will flow to the entity. it is further classified as current and non-current.

Examples include inventory, cash, accounts receivable, Fixed assets or Property plant and Equipment.

Given

Inventory = $1,378

Net fixed asset = $4,827

Accounts receivable = $664

Cash = $298

Total assets = $1,378 + $4,827 + $664 + $298

= $7,167

4 0

3 years ago

Normand Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the

QveST [7]

Answer:

total equivalent units for materials = 6,310

Explanation:

700 units in beginning work in process:

materials: 70% complete, $8,700, completed 490 equivalent units, not completed 210 units
conversion: 10% complete, $3,700

units started in to production 6,400

units transferred out 5,600

ending work in process 1,500

materials: 80% complete, completed 1,200 equivalent units for materials
conversion: 25% complete

materials added $92,200

conversion costs added $269,600

equivalent units for materials:

beginning WIP equivalent units to be completed = 210
units started and completed = 5,600 - 700 = 4,900
ending WIP = 1,200 equivalent units
total equivalent units for materials = 6,310

4 0

3 years ago

Ruby Company produces a chair that requires 5 yards of material per unit. The standard price of one yard of material is $9.10. D

Marrrta [24]

The price variance for Ruby company is at an unfavorable position that is $19,415, the quantity variance stands at $6,370 (favorable condition) and the cost variance has unfavorable balance that is equal to $13,045.

<h3>What is a variance?</h3>

A variance in accounting is the distinction between a forecasted quantity and the real quantity. Variances are common in budgeting, however, you may have a variance in something which you forecast.

As per the information, we have to calculate:

a) Price variance: (Standard Price - Actual price) * Actual Quantity

Price variance: ($9.10 - $9.65) * 35,300

Price variance: $0.55 * 35,300

Price variance: $19,415 Unfavorable.

b) Quantity variance = (Standard Quantity - Actual Quantity) * Standard Price

Quantity variance = (7,200 * 5 - 35,300) * $9.10

Quantity variance = (36,000 - 35,300) * $9.10

Quantity variance = $6,370 Favorable.

C) Cost variance = $19,415 Unfavorable + $6,370 Favorable

Cost variance = $13,045 U

Hence, The price variance for Ruby company is at an unfavorable position that is $19,415, the quantity variance stands at $6,370 (favorable condition) and the cost variance has an unfavorable balance that is equal to $13,045.

learn more about variance:

brainly.com/question/15858152

#SPJ1

5 0

2 years ago

6) Una escuela tiene un total de 475 estudiantes. Se quiere extraer una muestra de 80. Explica en detalle cómo se obtiene dicha

kap26 [50]

Answer:

Check Explanation

Comprobar Explicación

Explanation:

English Translation

A school has a total of 475 students. We want to extract a sample of 80. Explain in detail how this sample is obtained by random sampling.

Solution

In random sampling, each member of the population has an equal chance of being surveyed or an equal chance of being a member of the sample.

For this Question, it will mean that each of the 475 students would have an equal chance of being part of the sample of 80 students. To use random sampling for this particular scenario, we would give all the students numbers from 1 to 475, we would then use a computer program to generate 80 random student numbers.

We could also put all the number in a bowl and randomly select 80 numbers from 475, that way, the sampling method would be as random as can be.

In Spanish/En español

En el muestreo aleatorio, cada miembro de la población tiene la misma probabilidad de ser encuestado o la misma probabilidad de ser miembro de la muestra.

Para esta pregunta, significará que cada uno de los 475 estudiantes tendría las mismas posibilidades de ser parte de la muestra de 80 estudiantes. Para usar el muestreo aleatorio para este escenario particular, le daríamos a todos los estudiantes números del 1 al 475, luego usaríamos un programa de computadora para generar 80 números de estudiantes al azar.

También podríamos poner todos los números en un tazón y seleccionar aleatoriamente 80 números de 475, de esa manera, el método de muestreo sería lo más aleatorio posible.

Hope this Helps!!!

¡¡¡Espero que esto ayude!!!

7 0

3 years ago

Aloha Bags, Inc. produces student book bags that sell for $20 each. For the coming year, management expects fixed costs to be $2

netineya [11]

Solution :

a). At the break even units, the total contribution margin = fixed expenses

We know that : (Selling price - variable cost) x units sold = fixed expenses

i.e. (20-14)x = 225,000

6x = 225,000

x = 37,500