Enter the following transactions in the cash book of Sudhir & sons

During March, the production department of a process operations system completed and transferred to finished goods 35,000 units

kotegsom [21]

Answer:

Direct Labor Equivalent unit cost : $5,415463

Explanation:

$\left[\begin{array}{ccccc}\\ &$Units to be assigned costs:&&Equivalent Units&\\&&$Whole Units&Materials&Conversion\\&$Beginning&35000&35000&17500\\&$Started and completed&71000&71000&71000\\&$transferred&106000&106000&106000\\&$ending&39000&39000&11700\\&$Total units to be assigned costs&145000&145000&117700\\\end{array}\right]$

Transferred units:

beginning + started - ending = transferred

35,000 + 71,000 - 39,000 = 71,000

Labor cost: 581,000 + 56,400 = 637,400

equivalent units for conversion: 117,700

(trasnferrred + percentage of completion ending WIP)

Equivalent unit cost:

637,400 / 117,700 = 5,415463

7 0

3 years ago

Manziel Corporation constructed a building at a cost of $10,000,000. Average accumulated expenditures were $4,000,000, actual in

stira [4]

Answer:

$237,500

Explanation:

Cost of building $10,000,000

Avoidable Interest $300,000

Less;Salvage value ($800,000)

Depreciation Cost $9,500,000

Depreciation per year $9,500,000/40=$237,500

7 0

4 years ago

Which is correct? please help

choli [55]

Answer:

c

Explanation:

because if you have all new employees people won't see you as a serious company

4 0

3 years ago

Read 2 more answers

Consider two of the income security programs in the United States: Temporary Assistance for Needy Families (TANF) and the Earned

Harrizon [31]

Answer:

a. When a woman with children and very low income earns an extra dollar, she receives less in TANF benefits. This feature of TANF will cause the labor supply of low-income women to be LOWER. One of the most important characteristics of TANF is that as the beneficiary starts to earn money, they start losing benefits. The more money they earn, the less benefits they receive.

b. The EITC provides greater benefits as low-income workers earn more income (up to a point).

True

This feature of EITC will decrease the labor supply of low-income workers. b. False

Earned income tax credit (EITC) is a refundable tax credit aimed at low income workers (and low middle income workers) with children. The tax credit received by the beneficiaries of this program depend on their income levels and number of children. E.g. during 2020, the EITC for joint filers earning up to $52,493 and having 2 children is $5,828. This program increases the labor supply of low income workers, it doesn't decrease it. If you do not work, you do not receive EITC.

4 0

3 years ago

Balancing life in college will require paying attention to which aspects of your life in order

soldi70 [24.7K]

Answer:

finance , social life , academics and personal life

3 0

3 years ago