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Zinaida [17]
3 years ago
13

Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased $ 124,800 Di

rect materials used 74,300 Direct labor used 55,000 Total factory overhead 95,700 Work in process inventory, beginning of year 26,500 Cost of goods manufactured 221,800
Business
1 answer:
aalyn [17]3 years ago
3 0

Answer:

<em>Ending WIP = 29,700</em>

Explanation:

Beginning \: WIP+ Cost \: added= Ending \: WIP + COGM

Beginning WIP 26,500

Direct Materials used 74,300

Direct Labor used 55,000

Factory Overhead 95,700

Cost added during the period 225,000

Cost of Goods manufactured 221,800

Beginning \: WIP+ Cost \: added= Ending \: WIP + COGM

26,500 + 225,000 = Ending WIP + 221,800

26,500 + 225,000 - 221,800= Ending WIP

<em>Ending WIP = 29,700</em>

We need the materials used in production, <u>the purchases is not the value we need, it is irrelevant.</u>

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If the labor force grows at a faster rate than the number employed, it means that
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the number employed, the unemployment rate will rise.

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Tu Corporation is investigating automating a process by purchasing a machine for $423,000 that would have a 9 year useful life a
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Answer:

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Explanation:

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simple rate of return on the investment

solution

we get here simple rate of return on the investment that is express as

simple rate of return = \frac{annual\ incremental\ net\ operating\ income}{initial\ investment}    .............................1

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