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The answer is
C. How much a currency is worth when it's exchanged with another country's currency.
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Answer:
$855,000
Explanation:
The Raw Materials T - Account can be used to determine the cost of direct materials used in production using the missing balance technique as follows :
Raw Materials T - Account
Debit :
Beginning Balance $279,000
Purchases $828,000
Total $1,107,000
Credit :
Ending Balance $252,000
Transferred to Production (<em>Balancing figure</em>) $855,000
Total $1,107,000
Answer:
First quarter: <em>amount </em>$0 <em>date: </em>-
Second quarter: <em>amount </em>$606.60 <em>date:</em> July 31
Third quarter: <em>amount </em>$0 <em>date: </em>-
Fourth quarter: <em>amount </em>$537 <em>date:</em> January 31
Explanation:
As per IRS, in part 5 of Form 940, Peterson Company will report FUTA tax liability by Quarter only if Total FUTA Tax after Adjustments is more than $500. So, Peterson Company is not required to pay FUTA tax until FUTA tax liability is more than $500 and if in any particular quarter the FUTA tax liability is less than $500 then the cumulative amount will be taken with the next quarter until the FUTA tax liability reaches more than $500. So first quarter will add up with quarter 2 and the FUTA tax liability will be $606.60 & third quarter will add up with fourth quarter and the FUTA tax liability will be $537.
As far as due dates are concerned, the due date of the first quarter is the month after the end of first quarter. So, for the quarter from January to March the Due Date will be April 30, from April to June the Due Date will be July 31, from July to September the Due Date will be October 31, from October to December the Due Date will be January 31.
Answer:
30,633 units
Explanation:
The number of equivalent units of production for conversion costs for the period using the FIFO method is shown below:
= Beginning work in process units × remaining percentage + units started and completed units × percentage of completion + ending work in process inventory units × percentage of completion
= 4,200 units × 24% + 28,900 units × 100% + 2,500 units × 29%
= 1,008 units + 28,900 units + 725 units
= 30,633 units
The units started and completed units are come from
= 33,100 units - 4,200 units
= 28,900 units
Answer: The answer is EOQ = 591.61 unit.
Explanation:EoQ =
√2DS/H
Where
D= demand in unit
S = ordering cost
H= Holding Cost
Demand =1,400
× 400 = 560,000 per year
Order Cost $25
Holding Cost = 20% of unit cost
20/100× 400 = $80 per item per year
√2DS/H
√2×560,000×25/80
√28,000,000/80
=√350,000
= 591.61
EOQ = 591.61 unit
If the owner orders 300 or more
300×400
=120,000
The discount will be
55/100×120,000
=66,000
120,000 - 66,000
=54,000
He should take the discount
