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marta [7]
3 years ago
7

Warila Inc. has provided the following data for the month of September. There were no beginning inventories; consequently, the d

irect materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work in Process Finished Goods Cost of Goods Sold Total
Direct materials $2,620 $17,280 $44,130 $64,030
Direct labor 1,810 16,140 42,340 60,290
Manufacturing-
overhead applied 2,135 10,200 30,365 42,700
Total $6,565 $43,620 $116,835 $167,020

Manufacturing overhead for the month was underapplied by $1,200.
The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts.
Required:
The work in process inventory at the end of September after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to $_____. (Round intermediate calculations to two decimal places.)
Business
1 answer:
oee [108]3 years ago
8 0

Answer:

$6,625

Explanation:

The computation of total Cost of WIP inventories is shown below:-

Manufacturing overhead under-applied = $1,200 × $2,135 ÷ $42,700

= $60

Total Cost of WIP inventories = Direct materials + Direct labor + Manufacturing overhead applied + Manufacturing overhead under-applied

= $2,620 + $1,810 + $2,135 + $60

= $6,625

Therefore for calculating the total Cost of WIP inventories we simply applied the above formula.

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You own a portfolio that is 32 percent invested in Stock X, 20 percent invested in Stock Y, and 48 percent invested in Stock Z.
Gnesinka [82]

Answer:

The current portfolio has three stocks X, Y and Z and expected returns are are 6 percent, 19 percent, and 15 percent respectively.

Explanation:

The formula to calculate expected returns of the portfolio is:

Weighted return = Probability * Expected Return

The sum of weighted return is the expected return of the portfolio

Weighted return = (32% x 6% = 1.9%) + (20% x 19% = 3.8%) + (48% x 15% = 7.2%)

Expected return on portfolio = (1.9% + 3.8% + 7.2% = 12.9%)

The expected return of the portfolio is 12.9%

6 0
3 years ago
Suppose that a monopoly firm finds that its MR is $56 for the first unit sold each day, $55 for the second unit sold each day, $
zysi [14]

Answer:

Explanation:

the file attached shows the solution to the three questions asked i hope it helps. thank you

Download docx
6 0
3 years ago
Mike is the director of human resources for a 120-employee family-owned manufacturing firm. Mike has been quite busy the last ye
nikitadnepr [17]

Answer:

Failing to match the communication medium (or channel) with the intended outcome.

Explanation:

Communication can be defined as the process of sending information. It involves sending of clear and concise messages from one person to another or from one group to another, messages could be represented in the form of signs or symbols.

Communication medium can be described as a means of transmitting information to the receiver. Some communication channels include:

1) Through the use of documents passed by series of reports and presentation.

2) Through the use of messages passed by emails and letters.

3) Through the use of images passed by graphical representation.

In the scenario above, Mike failed to use the right communication channel to inform the employees about their new benefit offering.

6 0
3 years ago
Dwayne's mortgage application was denied because the credit report noticed several late payments to his credit cards over a 2 ye
Irina-Kira [14]

Answer:

. No, he has not proven he is financially responsible with money previously borrowed.

Explanation:

Dwayne is a high-risk customer.

Most lenders will want to stay away for customers who are perceived as high-risk.  A high-risk customer is one whose probability of defaulting on a loan is above the market average.

Dwayne has missed loan repayments in the recent past. Banks interplate this as an indicator that he is highly likely to default on future loan repayments.  

For Dwayne to qualify for a loan, he has to improve his credit score. He can do that by prompt repayments of debts. He has to find out why he is missing or getting late in meeting his obligations. Most likely, he is taking loans for the wrong reasons.

4 0
3 years ago
If Bangladesh is open to international trade in oranges without any restrictions, it will ___________ tons of oranges. Suppose t
azamat

Question Completion:

Assume that the price per ton of oranges in the international market is $810 and equilibrium is established at the price of $900 for 120 tons.

Answer:

If Bangladesh is open to international trade in oranges without any restrictions, it will ____import____ tons of oranges. Suppose the Bangladeshi government wants to reduce imports to exactly 120 tons of oranges to help domestic producers. A tariff of ____$90____ per ton will achieve this.  A tariff set at this level would raise $___10,800______ in revenue for the Bangladeshi government.

Explanation:

A tariff of $90 per ton will raise the price of a ton of oranges to $900 ($810 per ton as indicated on the question).  When the price is raised to $900 in the domestic market, the quantity demanded will equalize with the quantity supplied at 120 tons.

5 0
3 years ago
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