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const2013 [10]
3 years ago
8

The following additional details are provided for the​ year: Direct materials placed in production $ 81 comma 500 Direct labor i

ncurred 191 comma 900 Manufacturing overhead incurred 300 comma 000 Manufacturing overhead allocated to production 297 comma 200 Cost of jobs completed and transferred 500 comma 900 The ending balance in the WorkminusinminusProcess Inventory account is a​
Business
1 answer:
aliya0001 [1]3 years ago
6 0

Answer:

The ending balance in the Work in Process Inventory account $72,500

Explanation:

Direct materials$ 81,500

Direct labor $191,900

Manufacturing overhead $300,000

Manufacturing overhead allocated to production $297,200

Cost of jobs completed and transferred $500,900

Ending Balance of Work in process = Beginning Balance of Work in process +Direct materials + Direct labor Manufacturing overhead -Cost of jobs completed and transferred

Ending Balance of Work in process = $0 + $81,500 + $191,900 + $300,000 - $500,900

Ending Balance of Work in process = $72,500

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Costly Corporation is considering a new preferred stock issue. The preferred would have a par value of $1000 with an annual divi
shutvik [7]

Answer:

28.63%

Explanation:

The computation of the cost of preferred stock is shown below:

Cost of the preferred stock = Dividend ÷ Price of the stock

where,

Dividend is

= $1,000 × $15%

= $150

And, the price of the stock is

= Market value of the stock - flotation cost

= $576 - $52

= $524

So, the cost of preferred stock is

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= 28.63%

We ignored the marginal tax rate i.e 40%

3 0
3 years ago
Suppose someone believes that if a per-unit tax is placed on the producers of good Y, the consumers of good Y will end up paying
Alex_Xolod [135]

Answer:

The correct answer is option (B)  perfectly inelastic

Explanation:

It is a known facts that anytime tax is imposed on any goods at any given time, the tax falls totally on the consumers provided the elasticity of demand is zero.

Since increase in tax doesn't affect the demand for goods and services, and no matter the increment in price from the supplier, the demand remains the same. Therefore, the demand curve for goods Y is said to be perfectly inelastic.

4 0
3 years ago
Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of Procter & Gamble, a maker
AfilCa [17]

Answer:

a. factory overhead cost

b. factory overhead cost

c. factory overhead cost

d. direct labor cost

e. direct materials cost

f. direct labor cost

g. factory overhead cost

h. direct materials cost

i.  direct materials cost

j. factory overhead cost

Explanation:

Direct Material Costs and Direct Labor Costs are easily traceable to the cost object whilst its difficult to trace Factory Overhead Costs to the cost object.

8 0
3 years ago
In order for money to work properly, there can be only a certain amount of it in
tino4ka555 [31]
A.limited supply hope that helps
8 0
3 years ago
During a sales meeting, you use the Google Trends tool to show insights and link back to what the client said about hiring someo
IRISSAK [1]

Answer:

The correct answer is "It explicates to the client that the solution is truly personalized  "

Explanation:

The client immediately will be satisfied and he will feel that he selected the right place; this is the propose of the seller and his company.

4 0
3 years ago
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