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3 years ago

Milner Company is working on two job orders. The job cost sheets show the following.

Business

1 answer:

Korolek [52]3 years ago

7 0

Answer:

Following are the solution to this question:

Explanation:

For point 1:

The stock of work in progress $(7,450 + 8,950)=\$16,400$

inventory of raw materials $\$16,400$

(In order to assign work materials)

For point 2:

The stock of works in progress $(4,200 + 8,250) =\$12,450$

job in the factory $\$12,450$

(The work is assigned)

For point 3:

Inventory job for Inventory works $(5,250+10,050)= \$15,300$

Overhead production $\$15,300$

(Appointment of work overhead)

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<h3>What is the financial model of social responsibility?</h3>

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1 year ago

If a firm has the market price of the firm's common stock of $500 and its annual earnings per share of $50 , then the firm has a

sweet [91]

Answer:

Price / Earning ratio = 10

Explanation:

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3 years ago

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1 year ago

Based on expected production of 6,000 units, a company reports the following costs: direct materials cost of $4 per unit, direct

Akimi4 [234]

Answer:

Net operating income= $32,000

Explanation:

The a<u>bsorption costing method</u> includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

<u>First, we need to calculate the unitary fixed overhead and unitary total cost:</u>

Unitary fixed overhead= 60,000 / 6,000= $10

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<u>Now, the net operating income:</u>

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Net operating income= $32,000

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3 years ago