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Novak Corporation amended its pension plan on January 1, 2020, and granted $152,280 of prior service costs to its employees. The

m_a_m_a [10]

Answer:

26762.74

Explanation:

Prior service cost amortization for 2020 can be calculated by first calculating the average time until the employee's retirement. After calculating the average time until retirement we will divide the service cost at that time

Workings

average time until retirment = 1880/330

average time until retirment = 5.69 years

prior service cost amortization for 2020 = $152,280/5.69

prior service cost amortization for 2020 = $26762.74

3 0

3 years ago

Department A had no Work-in-Process at the beginning of the period, 1,000 units were completed during the period, 200 units were

statuscvo [17]

Answer:

Materials total cost equal to 2,000 the correct option is C

C. $2,000

Explanation:

Conversion Cost

conversion cost = labor + overhead

CC = 5,000 + 4,400 = 9,400

complete during the period 1,000 units

ending inventory 200 units 50%

Equivalent units:

completed + ending worked portion

1,000 + 200 x 50% = 1,000 + 100 = 1,100

CC equivalent unit cost 9,400/1,100 x 100 = 854.55

Materials

Cost $ 12,000

Equivalent units

completed 1,000

ending 200 at 100%

completed + ending times added portion

1,000 + 200 x 100 % = 1,200

Equivalent unit cost: 12,000 / 1,200 = 10

Ending inventory 200 x 10 = 2,000

5 0

3 years ago

On March 15, a fire destroyed Blossom Company's entire retail inventory. The inventory on hand as of January 1 totaled $5300000.

Svet_ta [14]

Answer:

The value of inventory destroyed=$4,082,000

Explanation:

The value of the inventory destroyed is the difference between the the cost of the total goods available for sale and the cost of goods sold

The value of inventory destroyed = cost of goods available for sale - value of inventory sold

Cost of goods sold = 3540,000 - (20%× 3540,000)= 2,832,000

The cost of goods available for dale = opening inventory + purchases + freight charges

$5300000 + $1432000 + $182000 = 6,914,000

The value of inventory destroyed = 6,914,000 - 2,832,000 = 4082000

The value of inventory destroyed=$4,082,000

7 0

2 years ago

A product found in homes built before 1978 is harmful to children. It can lead to birth defects and is generally hazardous. It s

BabaBlast [244]

Answer:

Asbestos

Explanation:

This environmental hazard is asbestos. Exposure to asbestos especially for a long term period is very detrimental to health. It's fibres can be easily inhaled to the lungs which is dangerous and can cause fibrotic lung disease and also lung cancer. It can lead to defects in birth when inhaled by a pregnant woman and many other health problems. During sales of property it is very important that such hazard is disclosed to the other party.

4 0

3 years ago

In Florida, any driver less than 21 years of age who is stopped by law enforcement and has a breath or blood alcohol level of .0

Umnica [9.8K]

They get it takin away for 6 months

3 0

3 years ago

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