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
ki77a [65]
3 years ago
14

Given the following data: Work in process, beginning $14,000 Work in process, ending 20,000 Direct labor costs 4,000 Cost of goo

ds manufactured 8,000 Factory overhead 8,000 Direct materials used is
a.$4,000
b.$8,000
c.$14,000
d.$2,000
Business
1 answer:
Natali [406]3 years ago
7 0

Answer:

correct option is d.$2,000

Explanation:

given data

Work in process, beginning =  $14,000

Work in process, ending = 20,000

Direct labor costs =  4,000

Cost of goods manufactured = 8,000

Factory overhead  =  8,000

solution

we get her first Total manufacturing cost that is getting by Cost of goods manufacture formula that is express as

Cost of goods manufacture = Total manufacturing cost + beginning Work in process - ending Work in process     .....................1

put here value and we will get

Total manufacturing cost =  $20,000  - $14,000 + $8,000

Total manufacturing cost = $14,000

now we get here Direct material used that is express as

Direct material used = Total manufacturing cost - Factory overhead - Direct labor costs     ................2

put here value we get

Direct material used = $14,000 - $8,000 - $4,000

Direct material used = $2,000

so correct option is d.$2,000

You might be interested in
An example of a population is all people who shop at Target while a sample is only those people who buy orange juice at Target.
Mekhanik [1.2K]

Answer:

True

Explanation:

A population in statistics is defined as the total items that is of interest to the scientist and from which studies are conducted to draw conclusions.

It is from population samples are drawn.

Sample is defined as a part of a population that is studied and used to draw inference or conclusion about the whole population.

In the given scenario all people who shop at Target are the population that is of interest.

To draw conclusion about the population only those people who buy orange juice at Target. A are used as a sample to draw conclusions

5 0
3 years ago
Functions of the jse in details
Nookie1986 [14]
Functions of the JSE include: *serves as a link between investors and entrepreneurs. *serves as an indicator of economic conditions. *Provides a regulated vehicle for trading shares.
4 0
3 years ago
On January 1, 2005 Franz Company purchased a truck that cost $22,000. The truck had an expected useful life of 5 years and a $4,
allochka39001 [22]

Answer: The amount of depreciation expense recognized in 2006, using the double declining balance method is $5,280.

And the journal entries required are:

Debit Depreciation expense                     $5,280

Credit Accumulated depreciation             $5,280

Explanation: The double-declining method is otherwise known as reducing balance method. It is usually derived by using the formula below:

Double-declining depreciation = 2 X SLDP X BV

Where SLDP = straight-line depreciation percentage

           BV = Book value of the asset (Cost minus depreciation)

So using the straight-line depreciation method, we need to remove the salvage value from the cost and then divided by 5 years. That is, ($22,000 - $4,000) / 5 years = $3,060 yearly depreciation expense.

However, under the double-declining method, we need to divide the 100% by the useful life of the asset first to get the SLDP then multiply by 2, that is, 100%/5 years = 20% x 2 = 40%.

So 40% x $22,000 in year 1 (December 31, 2005) is $8,800

In year 2 (December 31, 2006), 40% x $13,200 ($22,000 - $8,800) = $5,280 and so on. The depreciation expense would stop immediately it falls below the salvage value of $4,000.

So the book value of the asset at the end of year 2 is $7,920 ($13,200 - $4,000 accumulated depreciation).

5 0
3 years ago
Read 2 more answers
A share of common stock just paid a dividend (D0) of $1.50. If the expected long-run growth rate for this stock is 5%, and if in
skelet666 [1.2K]

Answer:

Current stock price = $24.23

Explanation:

Stock price under Discounted Model:

P0 = D1 \div(Ke - g)

P0 = Current Market price of the share

g = Growth rate = 5.0%

Ke = Cost of equity = 11.5% p.a

D1 = Expected dividend = $1.50 (1 + 0.05)= $1.575

P0 = $1.575 / (11.50% - 5.0%)

Current stock price = $24.23

8 0
3 years ago
Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitmen
Kaylis [27]

Answer:

Total dollar Annual Cost = $300,000

Explanation:

  • Total loan Commitment = 9000000
  • Borrowed Fund (Used Portion) = 6000000
  • Unused Portion (9000000 - 6000000) = 3000000
  • Annual Commitment Fee for unused Portion = 0.50%
  • Commitment Fee = 3000000 x 0.05% = 15000
  • Borrowed Fund (Used Portion) = 6000000
  • Interest Rate (3.25% + 1.5%) = 4.75%
  • Interest Cost (6000000 x 4.75%) = 285000

Total dollar Annual Cost (15000 + 285000) = $300,000

5 0
3 years ago
Other questions:
  • Lists and arrays can be valuable tools for the programmer. 1. provide an example of a ‘list' and explain how it would be used as
    12·1 answer
  • Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $254,800, and the
    9·1 answer
  • What action can a supervisor take to reinforce the desired change and create a work environment that nourishes successful people
    5·1 answer
  • Assume France and Mali can both produce grain and dates, and that the only limited resource is the farming labor force, meaning
    10·1 answer
  • In a market system, how are the terms of exchange established?
    11·1 answer
  • In times of rising prices, inventory profits (or phantom profits) are said to occur under the FIFO cost flow assumption. This oc
    8·1 answer
  • Cross Town Express has sales of $137,000, net income of $14,000, total assets of $98,000, and total equity of $45,000. The firm
    9·1 answer
  • Ryan wants to sell personal website services to American soldiers in Afghanistan. Because of the difficulty of communicating wit
    13·1 answer
  • Which will help you when you file a claim for home insurance??
    7·2 answers
  • You get a $3,000 loan at 9% interest for 120 days. The lender uses a 365-day year. How
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!