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
FinnZ [79.3K]
3 years ago
14

The Work in Process Inventory account had a beginning balance of $16,200 on April 1. During April, the cost of direct materials

used was $408,000 and direct labor cost assigned to production was $56,000. A total of $72,000 of overhead was assigned to production in April. If the cost of finished goods manufactured was $523,500, what was the balance in the Work in Process Inventory account on April 30?
Business
1 answer:
zhenek [66]3 years ago
4 0

Answer:

$28,700

Explanation:

We know that

Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of finished goods manufactured

where,

Total manufacturing cost = cost of direct materials used + direct labor cost + overhead  cost

= $408,000 + $56,000 + $72,000

= $536,000

So, the ending work in process inventory would be

= $16,200 + $536,000 - $523,500

= $28,700

You might be interested in
When an economy suffers from low production, a country cannot
Mumz [18]

A country cannot enjoy a steady rate of economic growth if an economy suffers from low production.

There would be no way to keep up with demand, take advantage of economies of scale, etc. This would make it difficult to sustain growth into the future.

8 0
3 years ago
Read 2 more answers
On December 31, 2020, McDaniel Company had $1,200,000 of short-term debt in the form of notes payable due February 2, 2021. On J
icang [17]

Answer:

Current Liabilities:Notes Payable 250,000

Long-term Debt:Notes Payable 950,000

Explanation:

Calculation to Show how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet.

Hattie McDaniel Company

Partial Balance Sheet

December 31, 2017

CURRENT LIABILITIES

Notes Payable 250,000

($1,200,000-$950,000)

LONG-TERM DEBT

Notes Payable 950,000

Therefore how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet is:

Current Liabilities:Notes Payable 250,000

Long-term Debt:Notes Payable 950,000

4 0
3 years ago
At the beginning of January of the current year, Little Mikey's Catering ledger reflected a normal balance of $70,000 for accoun
inysia [295]

Answer:

end of January  balance in the accounts receivable account should be $65900

Explanation:

given data

accounts receivable = $70,000

customers on account = $18,400

account totaling = $14,300

services to be provided  = $6,800

to find out

balance in the accounts receivable account

solution

balance in the accounts receivable account will be find as

Balance of Accounts Receivable = Beginning balance + Revenue from earned services - Collections during the period     ........................1

put here value

Balance of Accounts Receivable  = 70000 + 14300 - 18400

Balance of Accounts Receivable  = $65900

so  

end of January  balance in the accounts receivable account should be $65900

7 0
2 years ago
Question 6 of 10
AlexFokin [52]

Answer:

C. A price reduction that a producer gives to resellers to encourage

them to promote products

Explanation:

bcuz that's what advertising allowance is

3 0
2 years ago
You are told that standing up during the Cowboys football game will give you a better view of the field. However, if everyone st
Mars2501 [29]

Answer:

I think the answer is e. Because you the variable that if everyone stands up you cant see is omitted.

6 0
3 years ago
Other questions:
  • Need help with this problem asap!!
    5·1 answer
  • Suppose an institution has purchased a $250,000 mortgage loan from the loan originator and wishes to create a mortgage pass-thro
    15·1 answer
  • Costs that can be eliminated in whole or in part if a particular business segment is discontinued are called:
    5·1 answer
  • A department store decides to use "secret shoppers" at unannounced times to test for service quality among its personnel. Store
    15·1 answer
  • Matt broderick company began operations on january 2, 2013. it employs 9 individuals who work 8-hour days and are paid hourly
    14·1 answer
  • The Deluxe Store is located in midtown Madison. During the past several years, net income has been declining because of suburban
    14·1 answer
  • what is the rate of return when 40 shares of stock A, purchased for 15$/ share, are sold for $690? The commission on the sale is
    14·1 answer
  • All of the following statements about decision style are true EXCEPTA) autocratic styles are authority-based.B) decision styles
    10·1 answer
  • Hyperion, inc. currently sells its latest high-speed color printer, the hyper 500, for $350. its cost of goods sold for the hype
    15·1 answer
  • Differences between productive and service orientated profession​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!