Answer:
beginning WIP 800
Question: which are the physical units in the beginning work in process inventory?
Explanation:
The beginning WIP and the started and completed untis will be the total transferred units.
<u><em>We first, solve for the start and completed: </em></u>
Unit Stated 25,200
Ending WIP(incomplete)<u> 2,000 </u>
start and complete 23,200
<em><u>Now, we solve for the WIP: </u></em>
<em><u /></em>
Transferred units 24,000
start and complete<u> (23,200) </u>
beginning WIP 800
Answer:
A) the marginal benefits are greater than the marginal costs.
Explanation:
When you are trying to evaluate an investment project, marginal benefits and marginal costs are actually incremental benefits and incremental costs.
Incremental benefits are the benefits that a company earns by taking a particular action or making a particular decision, always compared to not taking that particular action or making that decision.The same applies to incremental costs.
So a good manager should decide to invest or not in a certain investment project if the revenues that the project will generate are greater than its costs, and are greater than the benefits that could be generated by other similar investments (opportunity cost).
Answer:
c. debit Manufacturing Overhead, $6,000; credit Accounts Payable, $6,000
Explanation:
The journal to record indirect labor utilized of $6,000 will include a Debit to an Expense Account - Manufacturing Overhead and a Credit to Liability Account - Accounts Payable at the value of $6,000.
Answer:
Present value (PV) = $100,000
Number of years (n) = 12 years
Future value (FV) = $240,000
FV = PV(1 + r)n
$240,000 = $100,000(1 + r)12
<u>$240,000</u> = (1 + r)12
$100,000
2.4 = (1 + r)12
12√2.4 = 1 + r
1.0757 - 1 = r
0.0757 = r
r = 0.0757 = 7.57% = 8%
Explanation:
In this case, we need to apply the formula for future value of a lump sum (single investment). The present value, future value and number of years have been provided in the question with the exception of interest rate. Thus, interest rate becomes the subject of the formula,which implies that we will solve for interest rate.
