1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shkiper50 [21]
3 years ago
6

The Fabricating Department started the current month with a beginning Work in Process inventory of $11,100. During the month, it

was assigned the following costs: direct materials, $77,100; direct labor, $25,100; and factory overhead, 70% of direct labor cost. Also, inventory with a cost of $114,500 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is:
a.$16,370.

b.$113,300.

c.$83,839.

d.$198,339.

e.$68,970.
Business
1 answer:
MaRussiya [10]3 years ago
8 0

Answer:

a.$16,370.

Explanation:

beginning WIP cost:      11,100

cost added during the period

materials                       77,100

direct labor                  25,100

overhead 70% of DL = 17,570

total added                  119,770

Total cost to be accounted for: 130,870

Cost assignned to

transferred out       114,500

ending WIP               16.370‬

Total cost assigned to 130,870

As the cost to be accounted and the cost assigned to should match we contruct that and solve for the ending WIP

You might be interested in
Titan State Bank offers to pay you 6% interest, compounded quarterly. The 6% interest rate is known as the: ANSWER Unselected re
VARVARA [1.3K]

Answer:

nominal interest rate

Explanation:

Titan State Bank offer of 6% interest is a quoted interest rate. A quoted interest rate is also annual payable rate (APR)  and in this case, it is compounded quarterly. Additionally, since this quoted rate does not take into account the inflation rate, it is referred as a Nominal interest rate. However, when that nominal rate of 6% is adjusted for inflation, the rate you earn is the Real interest rate which you calculate using the Fisher equation.

3 0
3 years ago
6. Asset 1 has an expected mean return of µ1 =9%, standard deviation of its return is σ1 = 6%. Asset 2 has an expected mean retu
Paraphin [41]

Answer:

Weight w1 = 0.65

Weight w2 = 0.35

Expected return =10.75%

Explanation:

w1 + w2 = 1 ........... (1)

w1 = SD of asset 2/(SD of asset 1 + SD of asset 2)

w1 = 11 ÷ (6 + 11) ⇒ 0.65

∴ w2 = 1 - w1 ⇒ 1 - 0.65

w2 = 0.35

Expected return = Weighted average

[0.65 × 9] + [0.35 × 14] ⇒ 10.75%

4 0
3 years ago
The larger the coefficient of price elasticity of demand for a product, the: larger the resulting price change for an increase i
patriot [66]

Answer:

The correct answer is smaller the resulting price change for increase or rise in supply.

Explanation:

Coefficient of price elasticity is the one which is defined as measuring or evaluating the elasticity of price of the demand in coefficient. In retaliation to the change or variation in the price, demand for the product could be inelastic, elastic, perfectly inelastic or the perfectly elastic grounded on the coefficient.

When the coefficient of price elasticity of demand for the product is larger, then it will result in the smaller price change for the rise or increase in the supply.

5 0
3 years ago
The​ ________ is the discount rate that equates the present value of the cash inflows with the initial investment.
Alla [95]
The D. internal rate of return (IRR) <span>is the discount rate that equates the present value of the cash inflows with the initial investment. 
This term refers to the profitability of a potential investment, meaning that it will show you how much an investment costs, and how much money you can possibly earn by predicting its future price and cost. It can also show you whether it is sensible to invest in something. </span>
3 0
3 years ago
Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchase
Elena-2011 [213]

Answer:

the gross domestic product or GDP would be 1.382,675 Rupees

Explanation:

3 0
3 years ago
Other questions:
  • _____ occurs when an advertiser underwrites the total cost of a program.
    10·1 answer
  • Tamarisks Hardware reported cost of goods sold as follows. 2019 2020 Beginning inventory $ 23,000 $ 33,500 Cost of goods purchas
    15·1 answer
  • The classic quote from the movie Field of Dreams, "If you build (produce] it
    6·1 answer
  • All of these are examples of subsidy except ____________________.
    11·2 answers
  • Let’s assume that we are about to appraise a house using the cost approach. The home was originally constructed in the early 190
    12·1 answer
  • If a firm with a positive net worth is operating its fixed assets at full capacity, if its dividend payout ratio is 100%, and if
    9·1 answer
  • Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $61,000. and Martin's capital balance $58,000.
    11·1 answer
  • Advice Florence and her team on how they can convince the staff using john kotter's theory to lead change
    9·1 answer
  • Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has bud
    7·1 answer
  • quantum mechanics shop sells a bicycle to reniel, a costumer who uses a local card(a national credit card, but not issued by an
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!