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3 years ago

The following events took place at a manufacturing company for the current year:

Business

1 answer:

mr Goodwill [35]3 years ago

3 0

Answer:

The ending Work-in-Process Inventory is:

= $89,600.

Explanation:

a) Data and Calculations:

Purchases of direct materials = $95,900

Materials used (80% of $95,900) $76,720

Direct labor incurred = 56,900

Overhead costs:

Indirect labor incurred = 14,500

Other overhead costs 107,900 122,400

Total production costs $256,020

Cost of goods completed = 166,413

Ending Work in Process = $89,607

Cost of goods completed = $166,413

Cost of goods sold = 85% of $166,413 = $141,451

Ending Finished goods inventory = $24,962

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iren [92.7K]

Answer:

True

Explanation:

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3 years ago

New Jersey raises its minimum wage while neighboring Pennsylvania does not. Economists compared the labor market in both states

ollegr [7]

Answer:

Natural experiment

Explanation:

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4 years ago

Many gas stations with convenience stores sell gas at, or close to, cost. In these organizations, profit comes from the convenie

OLga [1]

Answer: build traffic.

Explanation:

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4 years ago

Suppose that the full employment level of nominal GDP rises in one year from $13.8 to $14.2 trillion. The long-run equilibriu

vovikov84 [41]

Answer: The answer is that, AD has shifted to exactly $0.35 trillion.

Explanation:

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3 years ago

If an existing asset is sold at a gain, and the gain is taxable, then the after-tax proceeds from this transaction would be equa

Zinaida [17]

Answer:

If an existing asset is sold at a gain, and the gain is taxable, then the after-tax proceeds from this transaction would be equal to:

Net proceeds from the sale less the taxes paid on the gain.

Explanation:

An illustration is given below. Company A received $70,000 from the sale of an Office Equipment with a tax basis of $40,000. The capital gains tax rate is 20%. How much would be the after-tax proceeds? The net proceeds minus the tax basis would result in the capital gains of $30,000. Then, the capital gains tax equals $6,000 ($30,000 * 20%). Therefore, the after-tax proceeds would be $70,000 minus $6,000, which is equal to $64,000.

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3 years ago