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Morgarella [4.7K]
3 years ago
13

Capri Boat Corporation uses a job order cost system and applies overhead based on a percentage of direct labor cost. Cost flows

through the Work in Process Inventory account during March are given below:
Work in Process

Beginning Balance 0 Transferred Out 195,000

Direct Materials 57,000

Direct Labor 100,000

Overhead 120,000

Ending Balance 82,000

Only Job #007 was still in process at the end of March and this job had been charged with $16,000 in direct materials cost.


The amount of direct materials cost charged to completed jobs during March was:


Multiple Choice


$8,000.


$50,000.


$82,000.


$41,000.
Business
1 answer:
nikklg [1K]3 years ago
4 0

Answer:

$41,000.

Explanation:

The computation of the amount of direct materials cost charged to completed jobs is shown below:

= Direct Material cost - charging cost in direct material cost

= $57,000 - $16,000

= $41,000

By subtracting the charging cost that added in the direct material cost from the direct material cost we can find out the direct material cost charged that is computed above.

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The main mechanism that regulates the market system is
ololo11 [35]

The main mechanism that regulates the market system is the government. It is because they are the one that sets up and regulates the system and allows the mechanism of the system to continue as the government is the one that enforces and controls the demand and supply in the market system.

5 0
3 years ago
Read 2 more answers
On April 12, Hong Company agrees to accept a 60-day, 6%, $6,900 note from Indigo Company to extend the due date on an overdue ac
k0ka [10]

Answer:

Notes payable is debited by $6,900, Interest expense is debited by $69 and cash is credited by $6,969

Explanation:

Interest = Principal Amount * Rate * Number of days  / 360

Interest = $6,900 * 6% * 60/360

Interest = $69

Cash to be paid = Principal Amount + Interest

Cash to be paid = $6,900 + $69

Cash to be paid = $6,969

On the date of maturity, the journal entry to make the payment of note payable is:

Date     Account Title and Explanation      Debit     Credit

June 11  Note payable                                   $6,900  

             Interest expenses                            $69

                     Cash                                                          $6,969

              (To record the payment of notes payable along with interest)

7 0
2 years ago
_____ is an emerging green career dedicated to the discovery of energy using the sun as its source.
Ronch [10]

Answer:

<em>s</em><em>o</em><em>l</em><em>a</em><em>r</em><em>.</em>

Explanation:

<em>s</em><em>o</em><em>l</em><em>a</em><em>r</em><em> </em><em>i</em><em>s</em><em> </em><em>a</em><em>n</em><em> </em><em>e</em><em>m</em><em>e</em><em>r</em><em>g</em><em>i</em><em>n</em><em>g</em><em> </em><em>g</em><em>r</em><em>e</em><em>e</em><em>n</em><em> </em><em>c</em><em>a</em><em>r</em><em>e</em><em>e</em><em>r</em><em> </em><em>d</em><em>e</em><em>d</em><em>i</em><em>c</em><em>a</em><em>t</em><em>e</em><em>d</em><em> </em><em>t</em><em>o</em><em> </em><em>t</em><em>h</em><em>e</em><em> </em><em>d</em><em>i</em><em>s</em><em>c</em><em>o</em><em>v</em><em>e</em><em>r</em><em>y</em><em> </em><em>o</em><em>f</em><em> </em><em>e</em><em>n</em><em>e</em><em>r</em><em>g</em><em>y</em><em> </em><em>u</em><em>s</em><em>u</em><em>n</em><em>g</em><em> </em><em>t</em><em>h</em><em>e</em><em> </em><em>s</em><em>u</em><em>n</em><em> </em><em>a</em><em>s</em><em> </em><em>i</em><em>t</em><em>s</em><em> </em><em>s</em><em>o</em><em>u</em><em>r</em><em>c</em><em>e</em><em>.</em>

8 0
3 years ago
You would like to have the current equivalent in terms of today's buying power of $2,500 in 10 years. How much would you have to
KengaRu [80]

Answer:

D. $2,070

Explanation:

First, convert $2500 real dollar amount at year 10 to  to nominal amount;

If inflation rate is 5% per year, then in 10 years the inflation will compound to the following;

1.05^ 10 = 1.6289

Therefore, the nominal amount of your savings would be

= $2500*1.6289

= $4,072.25

Next, that would be your future value( FV), find its present value using the 7% as the discount rate. On a financial calculator, input the following;

FV = 4,072.25

I/Y = 7%

N= 10

PMT = 0

then compute present value ; CPT PV = $2,070

5 0
3 years ago
The Safety Committee at Office Supply Mart was formed to help make the store a safer place, and some of the committee's suggesti
Trava [24]

Answer:

Goal displacement

Explanation:

Goal displacement is simply defined as the outweighing of a firm's goal by another goal despite the importance of both goals to the firm. It can also said to mean the change in goal of a firm from one to another.

In goal displacement, a firm might have a goal set but due to certain circumstances as seen in the above question, another goals presents itslef as more important.

In the above question, safety was the initial goal of the company but when the Vice president of accounting pointed out the need for increased profits, the goal of the company changed towards profit earning as the aim of any business is to make profits.

That change from a security goal to a profit making goal is called goal replacement

Cheers.

7 0
3 years ago
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