When there is no room for growth within a company, an employee cannot _________

Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun

marusya05 [52]

Answer:

(a) $54796 (b) $58,800 (c) $ 15100 (d) $117916 (e) $ 352916 (f) $ 374216

(g) $326316 (h) $ 82824.18 (i) $ 64276.82 (j) $234500 (k) $1900

Explanation:

The calculations are as follows.

Case A Case B Case C

Direct materials used $ (a) 54796 $91,200 $69,000

Direct labor 52,200 143,800 (h) 82824.18

Manufacturing overhead applied 42,804 (d)117916 (i)64276.82

Total manufacturing costs 149,800 (e) 352916 216,100

Working

The following formula is used to find the missing values :

Total MFG Cost= DM + DL+ MFG OH

a) 149800- 42804-52200= 54796

d) Ratio of MfgOH to DL= 42,804/52,200= 0.82

Mfg Overhead for Case 2= 0.82* 143,800= 117916

e) 91,200+ 143,800+ 117916= 352916

h+i) Conversion Costs for Case 3= 216100-69000=147100

Mfg OH is 82% of DL

Total Conversion Cost will be 1.82

1.82x= 147100

x= 147100/1.82

x= 82,824.18

h)DL= 82824.18

i) MFG OH= CC- DL= 147100- 82824.18= 64276.82

Work in process 1/1/14 (b) 58,800 21,300 18,400

Total cost of work in process 208,600 (f) 374216 (j)234500

Working

The following formula is used to find the missing values

Total WIP Cost- Total MFG Cost= Opening WIP

b)Total WIP Cost- Total MFG Cost= 208600-149800= 58,800

f) Total MFG Cost+ WIP= 352916 + 21,300 =374216

j) Total MFG Cost+ WIP=216,100 + 18,400= 234500

Work in process 12/31/14 (c) 15100 11,900 (k)1900

Cost of goods manufactured 193,500 (g) 326316 232,600

Working

The following formula is used to find the missing values

Total WIP-CGS= Ending WIP

c) Total WIP-CGS= 208600-193500 = 15100

g) Total WIP- Ending WIP= 374216- 11,900 = 326316

k) Total WIP-CGS=234500- 232,600 = 1900

After filling in the blanks:

Case A Case B Case C

Direct materials used $ (a) 54796 $91,200 $69,000

Direct labor 52,200 143,800 (h) 82824.18

Manufacturing overhead applied 42,804 (d)117916 (i)64276.82

Total manufacturing costs 149,800 (e) 352916 216,100

Work in process 1/1/14 (b) 58,800 21,300 18,400

Total cost of work in process 208,600 (f) 374216 (j)234500

Work in process 12/31/14 (c) 15100 11,900 (k)1900

Cost of goods manufactured 193,500 (g) 326316 232,600

6 0

3 years ago

the fair value of Carley is estimated to be $720,000. The carrying value of Carley’s net identifiable assets, including the good

zhannawk [14.2K]

Answer:

A.$200,000

B.Dr Loss on impairment $30,000

Cr Goodwill $30,000

Explanation:

(a) Computation of the amount of goodwill acquired by Vinson

Purchase price$900,000

Fair value of net assets $700,000

(Fair value of assets $950,000-

Fair value of liabilities $250,000)

Value assigned to goodwill $200,000

($900,000-$700,000)

(b) Preparation of Vinson’s journal entry to record impairment of goodwill.

Based on the information given we were told

the fair value of Carley is the amount of $720,000 while the implied fair value of goodwill is the amount of $170,000 and we were also told that carrying value of Carley’s net assets as well include the goodwill which is the amount of $750,000 which means that their is loss on impairment because the fair value amount is lower than carrying value which means that the journal entry to record impairment of goodwil will be ;

Dr Loss on impairment $30,000

($200,000 − $170,000)

Cr Goodwill $30,000

7 0

3 years ago

What is the option to sell shares of stock at a specified time in the future called? a stock exchange a call option a future a p

MrRa [10]

Answer:

A put option

Explanation:

An option is a finantial instrument that allows you to chose wether you buy (a call option) or sell (a put option) an specific good or intrument in a specific time in the future, at a specific price.
When talking about an option, you<u> can choose</u> if you are going to exercise your right to buy (if it is a call option) or sell (if it is a put option).
This is a difference between a future and an option: a future is a compromise to buy or sell an specific commodity or finantial instrument, while the option makes it optional (to buy or sell).
A stock exchange is a simple exchange of stocks, but without a compromise to do it at a specific time in the future or prices. There is no option or obligation to buy or sell in a common stock change case.
In this case, we are talking about a put option (an option to sell), and the finantial instrument that is linked to the option are shares of stocks.
Then, in a specified time in the future you will be able to sell shares of stock using a put option.

3 0

4 years ago

Read 2 more answers

Raw materials purchased $265,000 Direct labor 300,000 Actual factory overhead 198,000 Applied factory overhead 200,000 Inventori

ehidna [41]

Yes I’m gonna give him my internet homework and then he will give

6 0

3 years ago

Your team consists of 12 members, each in different locations, who are collaborating on a detailed committee report. Your team i

elena-14-01-66 [18.8K]

Answer: A. Google Docs

Explanation:

Google Docs will be the best solution in this case because it is a cloud computing tool that enables people to work on a document simultaneously across the world. As others are working on the documents, the saves that they make are instantly saved on the document and reflected across all users who have access to the document at the time.

7 0

4 years ago

When there is no room for growth within a company, an employee cannot __________.