Total manufacturing costs=direct material+direct labor+manufacturing overhead
Calculate direct labor
Let direct labor be x
120%=1.2
1.2x=180000
Divide both sides by 1.2
X=180,000÷1.2
X=150,000 direct labor
Total manufacturing costs=
120,000+150,000+180,000
=450,000...answer
Hope it helps!
Dominique's hotel is a <u>"learning" </u>organization.
A learning organization refers to an organization which is skilled at making, getting, and exchanging information, and at changing its conduct to reflect new learning and bits of knowledge.
In business management, a learning organization is an organization that encourages the learning of its individuals and constantly changes itself.
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Answer:
B) $30,500
Explanation:
Calculation for Kapanga's work in process inventory balance at the end of October
First step is to calculate the Variable Overheads
Variable Overheads = 150% × $5,000
Variable Overheads = $75,000
Now let calculate work in process inventory balance using this formula
Work in process inventory balance = Direct Material + Direct Labor + Variable Overheads
Let plug in the formula
Work in process inventory balance= $ 18,000 + $ 5,000 + $ 7,500 = $ 30,5000
Work in process inventory balance= $30,500
Therefore Kapanga's work in process inventory balance at the end of October will be $30,500
Answer:
D) $28,000,000.
Explanation:
Property plant and equipment are intangible assets held by the business and those are not easily liquidated by the business and there should be an intention to hold the asset more than one year.
The property plant and equipment can be calculate as follow
Buildings and Equipment ________ $23,000,000
Patents Land _________________ <u>$5,000,000 </u>
Total property, plant and equipment <u>$28,000,000</u>
As the aptent on land is also capital cost of the land, so patent of land values must be added in the property, plant and equipment value.