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
Lemur [1.5K]
3 years ago
5

Recording Issuing of Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 94

5 Fiberglass 78 $20,240 946 Plastic 93 9,890 947 Glue Indirect 1,098 948 Wood 99 3,622 949 Aluminium 108 38,468 a. Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month. Materials transferred to Work in Process
Business
1 answer:
babymother [125]3 years ago
6 0

Answer:

Work in process = $72,220

Factory Overhead = $1,098

Explanation:

DATA

No.      Material     Job No.        Amount

945     Fiberglass     78           $20,240

946       Plastic         93             $9,890

947      Glue            Indirect        $1,098

948     Wood              99           $3,622

949     Aluminium      108         $38,468

Required:  Amount of materials transferred to Work in Process and Factory Overhead?

Solution

Work in process = sum of all direct material cost

Work in process = $20,240 + $9.890 + $3,622 + $38,468 = $72,220

Factory Overhead = sum of all indirect material cost

Factory Overhead = $1,098

You might be interested in
What did surprise you in personalities
hjlf

Personalities


Personalities all vary from person to person. Depending on what the persons backround is and what theyve seen and gone through there personalities differentiate from each other.

5 0
3 years ago
Beale Manufacturing Company has a beta of 1.8, and Foley Industries has a beta of 0.80. The required return on an index fund tha
navik [9.2K]

Answer:

3.5%

Explanation:

We will apply asset pricing model to calculate cost of equity (required rate of return). The capital asset pricing model is stated as below:

Cost of equity = Risk-free rate + Beta x Market risk premium

Putting all the number together, we have:                          

Cost of equity (Beale) = 5.5% + 1.8 x (9% - 5.5%) = 11.8%

Cost of equity (Foley) = 5.5% + 0.8 x (9% - 5.5%) = 8.3%

Cost of equity (Beale) - Cost of equity (Foley) = 11.8% - 8.3% = 3.5%

<em />

<em>Note: You can also do quick calculation as below:</em>

<em>Cost of equity (Beale) - Cost of equity (Foley) = (Beta of Beale - Bete of Foley) x Market risk premium = (1.8 - 0.8) x (9% - 5.5%) = 3.5%</em>

6 0
3 years ago
Reports that trace the entry of and changes to critical data values are called ____ and are essential in every system.
ivanzaharov [21]

Answer:

audit trails

Explanation:

Reports that trace the entry of and changes to critical data values are called <u>audit trails</u> and are essential in every system.

8 0
3 years ago
What is one benefit of declaring bankruptcy?
Naddik [55]
O A. It removes debts that a person or business cannot repay.
7 0
3 years ago
Read 2 more answers
Cost of Merchandise Sold
galben [10]

Answer:

$441,000

Explanation:

The computation of the cost of merchandise sold is shown below:

Cost of merchandise sold = Opening inventory + net purchase - ending inventory

where,

Opening inventory  = $14,500

Net purchase is

= $475,000 - $15,000 - $9,000 + $7,000

= $458,000

And, the ending inventory is $31,500

So, the cost of merchandise sold is

= $14,500 + $458,000 - $31,500

= $441,000

4 0
3 years ago
Other questions:
  • Smith Jewelry Store sells 20 pieces of jewelry per day at an average price of $20 per piece. Assume Smith’s cost for the jewelry
    7·1 answer
  • IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,0
    6·1 answer
  • What other countries received significant monetary assistance from the marshall plan?
    15·1 answer
  • The balance shown in the August bank statement of a company was $22,800. After examining the August bank statement and items inc
    8·1 answer
  • If the marginal cost for oligopolies or cartels suddenly fell due to a new technology, then these firms would also be forced to
    12·1 answer
  • South Carolina Industrial Products' bonds have a 7.00 percent coupon and pay interest annually. The face value is $1,000 and the
    9·1 answer
  • Match the item with the section of the marketing plan it belongs in. To match the items, click the item, and then click the sect
    9·2 answers
  • Danner Company expects to have a cash balance of $51,300 on January 1, 2020. Relevant monthly budget data for the first 2 months
    10·1 answer
  • Please identify a firm using the various variables used in SCM and OHS&amp;S as per legal requirements.​
    11·1 answer
  • both the demand for and the supply of the resource declines in the same proportion. demand remaining constant, supply of the res
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!