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2 years ago

Chavez Corporation reported the following data for the month of July:

Business

2 answers:

Alchen [17]2 years ago

8 0

Answer:

Direct Material Cost for July=$60,600

Explanation:

The direct materials cost for July is is calculated as:

Raw Material in the beginning=$34000

Additional Raw materials purchases=$69500

Total Raw material Available=Raw Material in the beginning+Additional Raw materials purchases

Total Raw material Available=$34000+$69500

Total Raw material Available=$103500

Ending Raw material=$33500

Raw material used in production=Total Raw material Available-Ending Raw material

Raw material used in production=$103500-$33500

Raw material used in production=$70000

Indirect materials included in manufacturing=$9400

Direct Material Cost=Raw material used in production-Indirect materials included in manufacturing

Direct Material Cost=$70000-$9400

Direct Material Cost=$60,600

soldier1979 [14.2K]2 years ago

3 0

Answer:

The direct materials cost for July is $ 70,000

Explanation:

Direct Materials

Raw Materials Opening Inventory =$ 34,000

Add Purchases Raw Materials = $ 69,500

Less Ending Inventory Raw Materials= <u>$ 33,500</u>

Direct Materials cost available for use = $ 70,000

(Assume all raw materials are direct materials.)

Add Direct Labour = $ 94,500

Add Manufacturing Overheads = $ 53,100 ( 62,500- 9,400)

Opening Work In Process = $ 19,500

Less Ending Work In Process = <u>$ 24,000</u>

Work In Process $ 213,100

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Amanda [17]

Answer:

Explanation:

The adjusting entries are shown below:

1. Prepaid insurance expense A/c Dr $280

To Prepaid insurance A/c $280

(Being prepaid insurance is adjusted)

2. Supplies expense A/c Dr $3,005 ($3,970 - $965)

To Supplies A/c $3,005

(Being supplies adjusted)

3. Depreciation Expense A/c Dr $190

To Accumulated depreciation $190

(Being depreciation expense is adjusted)

4. Unearned service revenue A/c Dr $4,680 ($11,700 × 2 ÷ 5)

To service revenue $4,680

(Being unearned service is adjusted)

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3 years ago

Give an example of a successful or unsuccessful transformational leader. What if anything about the context (e.g., industry, mar

Tanzania [10]

Answer:

Explanation:

One transformational leader that we can talk about was Martin Luther King Jr. who was an Activist and Minister who fought for American Civil Rights in the United States in the early 1950s. MLK jr. was both assisted and hindered by the time in history in which his efforts took place. This is because at the time African American Rights were almost non-existant and the Civil Rights movements were at an all time high. This means that MLK jr. was able to amass many followers as he was fighting to make the world a more equal place for everyone, but at the same time it was a time in history where racism was at an all time high as well. This hindered his efforts greatly and ultimately led to his death in 1968. Regardless, Martin Luther King Jr. made one of the biggest impacts in the Civil Rights movements in history as a transformational leader.

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2 years ago

Owens Corning has total assets of $800,000, long-term debt of $240,000, stockholders' equity of $350,000, and current liabilitie

Artyom0805 [142]

Answer:

$50,800

Explanation:

Increase in assets = Current Assets * Percentage change in sales = $800,000 * 20% = $160,000

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2 years ago

JKL has 3 million shares of common stock outstanding and 80,000 bonds outstanding. The bonds pay semi-annual coupons at an annua

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Answer:

54.48%

Explanation:

The computation of the weight of equity is given below;

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Answer:

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3 years ago

Read 2 more answers