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IrinaK [193]
2 years ago
13

Star Repairs Co. does all the repair work for a medium-sized manufacturer of handheld computer games. The games are sent directl

y to Star, and after the games are repaired, Star bills the game manufacturer for cost plus a 20 percent markup. In the month of February, purchases of parts (replacement parts) by Star amounted to $97,000, the beginning inventory of parts was $38,500, and the ending inventory of parts was $15,250. Payments to repair technicians during the month of February totaled $52,500. Overhead incurred was $121,000. a. What was the cost of materials used for repair work during the month of February
Business
1 answer:
AveGali [126]2 years ago
4 0

Answer:

The correct answer is "$120,250".

Explanation:

The given values are:

Opening inventory

=  $38,500

Closing inventory

= $15,250

Purchases

= $97,000

Now,

The cost of materials used during the month of February will be:

= Opening Inventory + Purchases - Closing Inventory

On putting the estimated values in the above formula, we get

= 38,500+97,000-15,250

= 120,250 ($)

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b. A and 20000, B and 20000

Explanation:

a. From the information provided, the correct option is option B "The drone option should be chosen because it is the least expensive in terms of both fixed cost and variable cost".

This statement is wrong has the drone has the largest fixed cost and variable cost. It's fixed cost of $100,000 is more than that of $70,000 and $60,000 for others.

b. A and 20000, B and 20000

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3 years ago
Voiles Company reissued 200 shares of its treasury stock. The treasury stock originally cost $25 per share and was reissued for
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Answer:

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Explanation:

By issuing the treasury stock ,asset,cash to be precise increases by $7000($35*200) which implies a debit to the asset ,hence the $7000 seen on the left hand-side of the equation.

This transaction has no liability impact,as a result liabilities is denoted NA,not applicable.

The par value of the treasury is to be credited to treasury stock with $5,000($25*200).

Lastly the difference between the par value and the issue is credited to paid-in capital from treasury stock i.e($35-$25)*200))=$2000,this is depicted by $2000 in the equation

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How does the rate of P2P amongst millennials compare to that of all survey participants? Why do you think millennial usage is so
timurjin [86]

Answer:

Following are the solution to this question:

Explanation:

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The P2P millennial has a wide pool of friends or associates and has a space of practice and use comparison with one another.

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Competition between the firms leads to greater marketing expenses. <br><br> a. True<br> b. False
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True. With competition in a market, firms have to compete to stay ahead of the others
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Bernard is a trainee accountant. His manager asked him to record a loss on the sale of machinery in the business’s temporary acc
Agata [3.3K]

Answer:

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Explanation:

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Hence, in this situation, the correct answer to the question is known to be a GAIN and LOSS ACCOUNT.

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