Answer:
$910
Explanation:
Computation for the Work-in-Process transferred to the finished goods warehouse on April 30
Using this formula
Work-in-Process transferred to finished goods warehouse=Work-In-Process Inventory, April 1+(Direct materials used in production+Direct labor costs incurred +Manufacturing overhead costs)-Work-In-Process Inventory, April 30
Let plug in the formula
Work-in-Process transferred to finished goods warehouse=$270 + ($195 + $370 + $320) - $245
Work-in-Process transferred to finished goods warehouse=$270 +$885-$245
Work-in-Process transferred to finished goods warehouse= $910
Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 is $910
Answer:
b. Manufacturing overhead applied to Work in Process for the month was $66,000
Explanation:
In posting the journal entries for a manufacturing company, the total of the amount on the credit side of the Manufacturing Overhead account represents the amount applied to and to be posted to the debit side of the Work in Process to complete the double entries.
Therefore, the correct option form the question is b. Manufacturing overhead applied to Work in Process for the month was $66,000.
Answer:
0.3797 or 37.97%
Explanation:
According to the scenario, computation of the given data are as follow:-
Wants Rate on return on investment = 50%
Expected value of return on investment = invested amount × (1+g)^t
= $1,000,000 × (1+50%)^5
= $1,000,000 × 7.59375
= $7,593,750
Similar venture would achieve valuation of $20,000,000 for $2,000,000. We can expect that company would achieve similar valuation of $20,000,000 in 5 years from now.
Investor’s share value at 5 years = $7,593,750 ÷ $20,000,000
= 0.3797 or 37.97%
That he will forever stay by the position