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fenix001 [56]
3 years ago
14

The Fabricating Department started the current month with a beginning Work in Process inventory of $11,200. During the month, it

was assigned the following costs: direct materials, $77,200; direct labor, $25,200; and factory overhead, 50% of direct labor cost. Also, inventory with a cost of $115,000 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is:
Business
1 answer:
SVETLANKA909090 [29]3 years ago
6 0

Answer:

The ending balance of the Work in Process Inventory account for the Fabricating Department is: $11,200

Explanation:

To determine Ending Balance of Work in Process Inventory, <em>Prepare a Manufacturing Cost Statement</em>.

Opening Work in Process Inventory             $11,200

<em>Add </em>Cost Added During the Period :

Direct materials                                             $77,200

Direct labor                                                   $25,200  

Factory overhead ( $25,200 × 50%)            $12,600

Total Manufacturing Costs                          $126,200

<em>Less </em>Transfer to Next Department            ($115,000)

Closing Work in Process Inventory               $11,200

Conclusion :

Therefore, the ending balance of the Work in Process Inventory account for the Fabricating Department is: $11,200

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MAN FR DOE THIS <a href="/cdn-cgi/l/email-protection" class="__cf_email__" data-cfemail="c6958e86">[email&#160;protected]</a>@ H
AnnyKZ [126]

Answer:

C.

Explanation:

If they had to pay more then the customer will have to pay more

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5 0
3 years ago
Armstrong Valley Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 40,000 parts is
scoundrel [369]

Answer:

It is cheaper to make the part.

Explanation:

Giving the following information:

The cost of producing 40,000 parts is $138,000, which includes fixed costs of $68,000 and variable costs of $70,000. The company can buy the part from an outside supplier for $3.50 per unit and avoid 30% of the fixed costs.

<u>The cost of making the part is $138,000. That will be the cost in the income statement. </u>

We can calculate the effect on income if they buy the part.

Buy:

Selling pirce= 3.5

Savings in fixed costs= (0.3*70,000)= 21,000

Total cost= 3.5*40,000 + 70,000 - 21,000= $189,000

It is cheaper to make the part.

7 0
3 years ago
Parwin Corporation plans to sell 30,000 units during August. If the company has 11,500 units on hand at the start of the month,
raketka [301]

Answer:

Production = 31000 Units

Explanation:

To calculate the production requirement for the month of August to meet the required sales and desired ending inventory, we will use the following formula,

Sales = Opening Inventory + Production - Closing Inventory

Plugging in the values we have for sales, opening inventory and closing inventory, we calculate the production to be,

30000 = 11500 + Production - 12500

30000 + 12500 - 11500 = Production

Production = 31000 Units

6 0
3 years ago
A vendor sells hot dogs at $17.00 /piece. For every hot dog he spends $11.23 in the raw material. Additionally he spends $0.90 f
Gemiola [76]

Answer: $4.87

Explanation:

The question is asking for the Contribution margin which is the amount left of the selling price after the variable costs have been deducted.

Contribution margin = Selling price - variable costs

= Selling price - Raw materials - packing costs

= 17 - 11.23 - 0.90

= $4.87

8 0
3 years ago
Question 1-12
storchak [24]

The change that would encourage GDP growth to slow is the automobile industry reduces hours for factory workers.

<h3>What would cause GDP growth to slow?</h3>

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

If the hours of work for factory workers is reduced, output would be reduced and this would slow GDP growth.

To learn more about GDP, please check: brainly.com/question/15225458

#SPJ1

5 0
2 years ago
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