Answer:
The correct answer is C.
Explanation:
Giving the following information:
The Tobler Company had budgeted production for the year as follows:
Quarter 1 2 3 4
Production in units 10,000 9,000 13,000 11,000
4 pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 7,000 lbs. The raw materials inventory at the end of each quarter should equal 9% of the next quarter's production needs in materials.
Direct material 2nd quarter:
Production= 9,000*4= 36,000lbs
Ending inventory= (13,000*0.09)*4= 4,680lbs
Beginning inventory= (9,000*0.09)*4= 3,240lbs (-)
Total= 37,440 lbs
Answer:
$34,100
Explanation:
The computation of the net income is shown below:
Net income = Total revenues - Total expenses
where,
Total revenues
= Service revenue + sales revenue
= $145,200 + $27,500
= $172,700
And, the total expenses is expenses incurred i.e $138,600
So, the net income is
= $172,700 - $138,600
= $34,100
As we know that the income statement records only revenues and expenses and the same is considered
<u>Solution:</u>
In order to record the merchandise inventory on LCM with the correct amount, the following Journal entry will be passed in the books of account:
Date account and explanation debit credit
Dec 31 The cost of goods sold (250000-200000) 50000
Merchandise inventory 50000
(To record inventory on LCM)
Therefore, the cost of goods sold will be debited with an amount of $50000 and the Merchandise inventory will be credited with the same amount of $50000.
Yes they should because it takes time to learn new things at a new job
A a lease is like renting something ( example: joe leased his corvette from the Chevrolet dealership he lease his corvette for three year then brung it back and bought a 2018 corvette
I hope that helped
