Answer:
a. $129,500
Explanation:
Conversion costs includes all those costs which are used to convert the raw material into the finished goods. All the manufacturing costs excluding material costs are included in the conversion cost.
Total Conversion Cost is calculated as follow:
Direct Labor cost $84,000
Add: Applied Factory overheads <u>$45,500</u>
Total Conversion cost <u>$129,500</u>
Answer:
Based on this information, the purchase contract is probably <u>Void/Voidable</u> under the Truth in Lending Act (TILA) of 1968 is a United States
Answer:
A.20per ton
B.141,600
C.389,400
Explanation:
A.
($856,800+$97,200-$108,000+$216,000)/53,100 tons
=$1,062,000/53,100
= 20per ton
(b)
Resources removed totaled 26,550 tons
Less company sold 19,470 tons.
Balance 7,080 tons
Hence
Inventory 20*7,080
=141,600
(c)
20* 19,470 tons
=389,400
Answer:
the answer is because it would never be equal
Explanation:
Answer:
$10,800 underapplied
Explanation:
Calculation for If overhead is applied based on machine hours, the overapplied/underapplied overhead is:
Overhead machine hours=[($1,044,000/24,000)×23,600]-1,037,400
Overhead machine hours=($43.50 x 23,600) - 1,037,400
Overhead machine hours=$1,026,600- 1,037,400
Overhead machine hours= $10,800 underapplied
Therefore If overhead is applied based on machine hours, the overapplied/underapplied overhead is:$10,800 underapplied