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lakkis [162]
3 years ago
14

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending

work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $148,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:a. $31,000 b. $119,000 c. $132,000 d. $166,000
Business
1 answer:
inessss [21]3 years ago
6 0

Answer:

d. $166,000

Explanation:

Under the weighted average method,  cost to be accounted =

cost ending work in process inventory of $18,000 + cost of unit to be transfer out of $148,00

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Item 8 In a movie's opening weekend, 879,575 tickets are sold in 755 theaters. The average cost of a ticket is $9.50. What is th
Digiron [165]

Answer:

the average amount of money is 1,165

Explanation:

The computation of the average amount of money i.e. earned by each theater is shown below:

= Total number of tickets sold ÷ number of theaters

where,

The Total number of tickets sold is 879,575

And, the number of theaters is 755

Now place these values to the above formula

So, the average amount of money is

= $879,575 ÷ 755

= 1,165

hence, the average amount of money is 1,165

4 0
3 years ago
After the elimination period, a totally disabled insured qualified and started receiving benefits from his disability income pol
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A premium will be waived
7 0
3 years ago
Cairns owns 80 percent of the voting stock of Hamilton, Inc. The parent’s interest was acquired several years ago on the date th
tensa zangetsu [6.8K]

Answer:

hello your question has a missing journal entry table attached below is the entry journal table completely filled

Explanation:

Amount of bonds acquired = 40% of original bond

i) Bonds payable = 40% * 1,300,000

                           = $520000

purchase price of bonds = $520000 * 96% ( FACE VALUE )

                                         = $499200

hence the annual amortization

(bonds payable - purchase price of bonds ) / 10 years - 2 years

(520000 - 499200 ) / 8  = $20800/8 = $2600

ii) premium on bonds payable

$20800 - $2600 = $18200

cash amount = $520000 * 8% = $41600

intra entity expense and income table is attached below

from the table

iii) intra-entity interest expense = $39000 and the

iv) intra-entity interest income = $44200

v) investment in bonds

purchase price of bonds + annual amortization

= $499200 + $2600 = $501800

the book value on bonds as at 1st January 2011

=$1300000 * 105% = $1365000

Premium on bonds as at January 1st 2011

= $1365000 - $1300000 = $65000

amortization of premium as at January 1st 2011

=( ($65000) / 10 years ) * 2 years

= $13000

hence the controlling interest in bonds payable = $540800

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attached below is the journal entry on 31st December 2013

5 0
3 years ago
Most economists believe that prices are:
BaLLatris [955]

Answer: Most economist believe that prices are flexible in the long run but many are sticky in the short run.

Explanation:

Prices are sticky in the short run because producers and buyers take time to adapt to new situations. If there is a shortage of butter, lets say, the economic theory says that the prices will rise because there is less butter ( ceteris paribus = all the other factors remain constant). Actually, buyers and suppliers need time to adapt to the new situation. However, in the long run buyers and suppliers have time to adapt to new situations so prices become more flexible.

8 0
3 years ago
The manufacturer of Brand A automobile tires claims that its tire can save 120 gallons of fuel over 60 comma 000 miles of​ drivi
ivolga24 [154]

Answer:

By choosing tire A, the consumer will save $0.006 USD ($0.6 cents) per mile.

Information:

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Explanation:

Total saving in 60,000 miles = 120gl * $3/gl = $360

Total saving in 1 mile = $360/60,000 = $0,006

5 0
3 years ago
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