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
larisa [96]
3 years ago
14

Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Pro

cess inventory account was $29,000 at the beginning of the month and $20,500 at the end of the month. During the month, the Corporation incurred direct materials cost of $56,400 and direct labor cost of $30,100. The actual manufacturing overhead cost incurred was $53,700. The manufacturing overhead cost applied to Work in Process was $52,400. The cost of goods manufactured for June was: Garrison 16e Rechecks 2017-09-15 Multiple Choice $140,200. $138,900. $148,700. $147,400.
Business
1 answer:
maw [93]3 years ago
5 0

Answer:

$147,400

Explanation:

The computation of the cost of goods manufactured is shown below:

= Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work-in-process inventory - ending work-in-process inventory

= $56,400 + $30,100 + $52,400 + $29,000 - $20,500

= $147,400

We considered the applied manufacturing overhead cost instead of actual manufacturing cost

You might be interested in
Reagan is a new HR manager for a large company. She is concerned about the number of employees leaving the company and the lack
Kamila [148]

Answer:

The correct word for the blank space is: attrition.

Explanation:

Attrition is a state in which individuals are motivated to look for environments that match their personal values. If those individuals are in environments that are not related to their ethical behavior or that grants poorly a level of morality desired, they simply leave.  

<em>The person-organization values congruence supports these actions with the excuse to minimize internal role conflict.</em>

8 0
3 years ago
Wilson’s is reviewing a project with an internal rate of return of 13.09 percent and a beta of 1.42. The market risk premium is
maria [59]

Answer:

Accepted and rejected

Explanation:

Since the internal rate of return is 13.09% and the WACC is 12.68%

As we can see that the internal rate of return is higher than the WACC as WACC is considered as the discount rate

So the project should be accepted

And, if CAPM is used

So, the expected rate of return is

If CAPM is used

Risk-free rate of return + Beta × market risk premium

= 2.9% + 1.42 × 8.1%

= 2.9% + 11.502%

= 14.40%

And, The Internal rate of return  = 13.09%

Since the internal rate of return is less than the expected rate of return therefore the project should be rejected

5 0
3 years ago
The ledger of Rios Company contains the following balances after adjustments: Retained Earnings $30,000; Dividends $2,000; Servi
ch4aika [34]

Answer:

Service Revenue 50,000 debit

    Income summary  50,000 credit

--to close revenues accounts--

Income summary        34,000 debit

  Salaries and Wages Expense 27,000 credit

  Supplies Expense                      7,000 credit

--to close expenses accounts--

Income summary        2,000 debit

  Dividends                          2,000 credit

--to close dividends account--

Income summary       14,000 debit

  Retained Earnings          14,000 credit

Explanation:

To close the temporary accounts which are, revenues, expenses and dividends we will use an auxiliary account called Income Summary

Then, once all are closed we transfer their balance into retained earnings:

  Income summary

DEBIT           CREDIT

                    50,000

34,000

<u>  2,000                          </u>

       Balance 14,000

7 0
3 years ago
mark and shirley, married filing jointly with a modified adjusted gross income (magi) of $92,300, adopted their son, matthew in
kap26 [50]

Answer:

$14890 is the correct option because if any parent adopts a child in 2022  there is a federal adoption tax credit of up to $14,890 per child.

<h3>Claiming the Federal Adoption Tax Credit for 2022</h3>

A federal adoption tax credit of up to $14,890 per child is available for adoptions that are finalized in 2022. The adoption tax credit for 2022 is not transferable.

Parents who wish to receive the credit must:

have adopted a child who is not a stepchild - The child must be less than 18 or incapable of caring for themselves due to physical or mental impairment.

abide by the income restrictions - How much of the credit parents can claim depends on their income. Families earning less than $214,520 in modified adjusted gross income in 2022 are eligible for the full credit. People who earn between $223,410 and $263,410 can receive a partial credit; people who earn more than $263,410 cannot.

To know more about 'Adoption tax credit', visit :brainly.com/question/15410304

#SPJ4

6 0
2 years ago
Tater and Pepper Corp. reported free cash flows for 2015 of $39.1 million and investment in operating capital of $22.1 million.
lara [203]

Answer:

$76.5 million

Explanation:

For computing the EBIT, first we have to do the following calculations

Free cash flow = Operating cash flow – Investment in operating capital  

$39.1 million = Operating cash flow -$ 22.1million

So, operating cash flow is

= $39.1 million + $22.1 million

= $61.20 million

Now

Operating cash flow  = EBIT – Taxes on EBIT + Depreciation  expenses

$61.2 million = EBIT- $28.9 million + $13.6 million

So, the EBIT is

= $61.2 million + $28.9 million - $13.6 million

= $76.5 million

5 0
3 years ago
Other questions:
  • A joint production process at Berry Lane Farm results in two​ products, blackberry syrup and blackberry jam. The following cost
    12·1 answer
  • Read the sentence.
    11·1 answer
  • The ultimate test of the value of a corporate-level strategy is whether the:______.
    11·2 answers
  • Identify the component present in a smart card that can process instructions and store data for use in various applications Sele
    13·1 answer
  • Free pointsvguf dhscjbf hcjn
    11·2 answers
  • Pauline received a postcard from a local antique mall. The card invited her to attend an invitation-only open house at the mall
    5·1 answer
  • It is necessary to balance your checking account each month<br><br> true<br> false
    7·2 answers
  • O’Brien Brewery and Delgado Vintage Wines both decided to write off a specific customer’s uncollectible account as a bad debt ex
    7·1 answer
  • in a printing job, the cost of producing a thousand brochures was GH3500.The publisher decided to sell these brochures at 125% g
    7·1 answer
  • Please help!! This is for economics
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!