Answer:
$13,000
Explanation:
Calculation for what The ending balance of the Work in Process Inventory account for the Fabricating Department is:
Beginning Balance 10,000
Add Direct Materials 76,000
Add Direct Labor 24,000
Add Factory Overheads 12,000
(50% *24,000)
Less Work Transferred (109,000)
Ending Balance $13,000
Therefore The ending balance of the Work in Process Inventory account for the Fabricating Department is:$13,000
Answer:
It the company buys the units, the effect on income will be an $8,000 decrease.
Explanation:
Giving the following information:
Production costs:
Direct materials= $13.2
Direct labor= 20.8
Variable manufacturing overhead= 3.00
Avoidable fixed manufacturing overhead= 4.5
Unitary cost= $41.5
Outside supplier offer= 10,000 units for $42,3 each
We need to calculate the relevant total cost of each option.
Make in-house:
Total relevant cost= 10,000*41.5= $415,000
Buy:
Total relevant cost= 10,000*42.3= $423,000
It the company buys the units, the effect on income will be an $8,000 decrease.
Answer:
$800
Explanation:
Pedro's tuition costs of $6,000 is a personal expense and does not qualify as a charitable contribution.
Pedro's donation to the church of $1,000 is charity, but he has to deduct the registration fee of $200 from it. Thus, his total charitable contribution is $1,000 - $200 = $800
Answer:
$11,400 and $27,600
Explanation:
The computation of the dividend distributed are as follows
Given that
6% noncumulative, nonparticipating, preferred stock = $190,000.
Common stock outstanding = $590,000.
In the first year, no dividend paid by the company.
The preferred stock is noncumulative that means no dividend will be a carryover.
Second year dividend paid by company = $39,000
Now based on the given information, the dividend distributed are as follows
For preffered stock
= $190,000 × 6%
= $11,400
And for common stock
= $39,000 - $11,400
= $27,600
This is the correct answer but the same is not provided in the given options
First we have to paid preferred stockholders and then equity stockholders
