Answer:
$296,640
Explanation:
The ending inventory cost is valued using the material cost and the conversion cost.
Where the conversion is yet to be completed, the value of the work in progress is added to that of the raw materials to get the ending inventory value.
Hence,
ending inventory balance = ($4 × 30900) + ($8 × 30900 × 0.7)
= $296,640
Answer:
$27,656.00
Explanation:
Information given;
Amount in $
Bank balance 34,351.00
Deposit in transit 4,240.00
Service charge 39.00
Interest earned 95.00
Outstanding checks 10,935.00)
NSF check deposit 650.00
Book balance 28,250.00
Considering the above, the transactions yet to be captured and to be adjusted in the books as at April 30 are as shown below.
Amounts in $
Book balance 28,250.00
NSF Check (650.00)
Interest earned 95.00
Service charge (39.00)
Adjusted book balance <u>27,656.00</u>
Answer:
a) 187,200 applied overhead
b( Overhead T-account
Overhead
<u> Debit Credit </u>
187,200
225,000
<u> 37,800 </u>
225,000 225,000
Balance: 0
c)
Cost of goods sold 37,800 debit
Factory overhead 37,800 credit
Explanation:
78,000 machine hours x 2.40 dollar per hour = 187,200 applied overhead
incurred overhead: 225,000
applied overhead 187,200
as the actual overhead is above the applied amount we underapplied we need to increase it by the difference:
225,000 - 187,200= 37,800
Answer:
The correct answer is letter "A": two organizations agree to purchase each other's products.
Explanation:
In the corporate world, reciprocity is a term used when two firms engage in an agreement of purchasing goods and services between them. The agreement does not include both parties are exclusive providers of one another but establishes a fiduciary relationship between the companies which can lead to them providing more tailored products.
<em>Buyers with more technical knowledge and expertise tend to make reciprocity agreements with other entities.</em>
Answer:
Option d (reduction in the rate of inflation) is the appropriate option.
Explanation:
- Disinflation seems to be a decline throughout the pace of price growth that happens traditionally throughout a recession because this availability of commodities exceeds the threshold value for themselves.
- Although unlike deflation, whenever consumer prices inevitably decline, disinflation income levels don't collapse, perhaps the inflation rate appears zero.
Some other choices being made aren't connected to the circumstance offered. So the answer above is the right one.