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Aliun [14]
3 years ago
10

Assume that the following events occurred at a division of Generic Electric for March of the current year:

Business
1 answer:
Crank3 years ago
6 0

Answer:

$192 million; $153.60 million; $38.40 million

Explanation:

Given that,

Direct material purchased = $80 million

Direct labor costs = $51 million

Manufacturing overhead = $77 million

Percent of the work-in-process completed = 80%

(1) Transfers-In:

= Direct materials + Direct labor costs + Manufacturing overhead

= (80% × $80 million) + $51 million + $77 million

= $64 million + $51 million + $77 million

= $192 million

(2) Transfer-out:

= Transfers-In × percent of the work-in-process completed

= $ 192 million × 80 %

= $ 153.60 million

(3) Ending Balance:

= Transfers-In - Transfer-out

= $192 million - $ 153.60 million

= $38.40

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The Wagner Company made the following expenditures for research and development early in 2014: $80,000 for materials, $100,000 f
IrinaVladis [17]

Answer:

$320,000

Explanation:

Research & development expense for 2014 = Materials Expenditure +  Contract services expenditure + Employee salaries + Building expenditure + Overhead

Research & development expense for 2014 = $80000 + $100000 + $80000 +($800000/20) + $20000

Research & development expense for 2014 = $80000 + $100000 + $80000 + $40000 + $20000

Research & development expense for 2014 = $320,000

5 0
3 years ago
How many products are in the average supermarket today
Ber [7]

Answer: 47,000 products

Explanation:Altogether, there are nearly 38,000 supermarkets in the United States. Seventy percent of those are conventional grocery stores, with super centers , gourmet stores, warehouse clubs, and military commissaries making up the remaining 30%. the average supermarket has more than 47,000 products.

6 0
4 years ago
Meade Nuptial Bakery makes very elaborate wedding cakes to order. The company has an activity-based costing system with three ac
pychu [463]

Answer:

Overall margin is $84.15

Explanation:

Given that:

For Haupt wedding, Cost of purchased decorations for cake = $73.45

Charges for the Haupt wedding cake = $718.21

The activity rate for the Size-Related activity cost pool = $1.15 per guest.

The activity rate for the Complexity-Related cost pool = $36.42 per tier

The activity rate for the Order-Related activity cost pool = $86.41 per order

Number of order = 1

Number of guest for Haupt wedding = 254 guest

Number of tiers used for Haupt cake = 5 tiers

Therefore:

Size related cost =  $1.15 per guest × 254 guest = $292.1

Complexity-Related cost = $36.42 per tier ×  5 tiers = $182.1

Order-Related cost = $86.41 per order × 1 order = $86.41

Total cost = Size related cost + Complexity-Related cost + Order-Related cost + Cost of purchased decorations for cake = $292.1 + $182.1 + $86.41 +  $73.45 = $634.06

Overall margin = Charges for the Haupt wedding cake - Total cost = $718.21 - $634.06 = $84.15

Overall margin is $84.15

7 0
4 years ago
When using ABC, costs can be gathered at different levels. These levels are all of the following except:_________.
Aleksandr [31]

Answer:

B. Journal entry-level

Explanation:

When using ABC, costs can be gathered at different levels. These levels are all of the following except "journal entry-level".

Therefore, costs can be gathered in Unit-level, Batch-level, Factory-level and even Product level.

Activity-Based Costing (ABC) is actually a costing method which tends to identify the activities that are carried out in organization and gives the costs of each activity to the products and services by what they actually consume.

3 0
3 years ago
Wims, Inc., has current assets of $4,900, net fixed assets of $27,300, current liabilities of $4,100, and long-term debt of $10,
nexus9112 [7]

Answer:

(a) $17,900

(b) $800

Explanation:

Given that,

Current assets = $4,900

Net fixed assets = $27,300

Current liabilities = $4,100

Long-term debt = $10,200

(a) Total assets = Current assets + Net fixed assets

                    = $4,900 + $27,300

                    = $32,200

Total liabilities = Current liabilities + Long-term debt

                        = $4,100 + $10,200

                        = $14,300

value of the shareholders’ equity:

= Total assets - Total liabilities

= $32,200 - $14,300

= $17,900

(b) Net working capital:

= Current assets - Current liabilities

= $4,900 - $4,100

= $800

7 0
3 years ago
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