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3 years ago

Compute ending work in process inventory for a manufacturer with the following information.

Business

1 answer:

vivado [14]3 years ago

7 0

Answer:

the ending work in process is $41,100

Explanation:

The computation of the ending work in process is given below:

= Direct material used + direct labor used + total manufacturing cost + opening work in process - cost of goods manufactured

= $82,600 + $55,000 + $108,300 + $29,200 - $234,000

= $41,100

Hence, the ending work in process is $41,100

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Firefly Inc. sold land for $225,000 cash. The land has been purchased five years earlier for $275,000. The loss on the sale was

mel-nik [20]

Answer:

Cash inflow of $225,000

Explanation:

Land is a non-current asset and the proceeds from sale of non-current assets form part of investing activities. Firefly Inc. has a cash inflow of $225,000 from the sale of land. So the cash received from sale of land will be added to cash flow from investing activities in the head: Purchase or Sale of an Asset.

5 0

3 years ago

Use the ________ key to more easily define a selection that may be difficult to select by dragging the mouse or touchpad.

VashaNatasha [74]

Use the ( Shift) key to more easily define a selection that may be difficult to select by dragging the mouse or touchpad.

8 0

4 years ago

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra

Crank

Answer:

0.6

Explanation:

Variable Expense Ratio is calculated by taking Variable Expense and dividing it by Sales. This ratio indicates how much of the variable expense is incurred by company for each $1 Sales.

So, variable expense ratio is .6 or 60% (33,000 / 55,000).

Such questions also require the calculation of Contribution Margin Ratio which is calculated by taking Contribution Margin and Dividing it by Sales. This ratio tells us how much the company generates after covering variables expenses when the sales are $1.

So, Contribution Margin Ratio is .4 or 40% (22,000 / 55,000).

7 0

3 years ago

im supposed to ask at least 20 people this question . so what is tge highest price that you are willing to pay for a haircut

liraira [26]

40 dollars if a new haircut 10 for a tape up or fix up.

6 0

4 years ago

Zola borrows $1000. To repay the amount, she makes 12 equal monthly payments of $95. Compounding is done monthly. Determine nomi

Verdich [7]

Answer:

Effective monthly rate 2.076%

Yearly nominal rate: 24,912%

Explanation:

In excel we have to specify the number of period. The amount we borrow and the payment we are doing This should be negative as represent a cash outflow.

This is solving for the rate of the annuity for 95 of 12 months that discounted at X rate gives 1,000 as the present value:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

$95 \times \frac{1-(1+r)^{-10} }{rate} = 1000\\$

we write on A1

=RATE(12;1000;-95)

and we will receive 2.076% as answer

Now to convert into nominal:

2.076 x 12 = 24,912%

4 0

4 years ago