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Elodia [21]
3 years ago
8

Cullumber Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures we

re $2,052,000 on March 1, $1,200,000 on June 1, and $3,072,650 on December 31. Compute Cullumber weighted-average accumulated expenditures for interest capitalization purposes.
Business
1 answer:
dimulka [17.4K]3 years ago
8 0

Answer: $2,410,000

Explanation:

Date: March 1st

Expenditure: $2,052,000

Capitalization period: 10/12 months

Weighted Average Accumulated Expenditure: $1,710,000

Date: June 1st

Expenditure: $1,200,000

Capitalization period: 7/12 months

Weighted Average Accumulated Expenditure: $700,000

Date: December 31st

Expenditure: $3,072,650

Capitalization period: 0

Weighted Average Accumulated Expenditure: $0

The Weighted Average Accumulated Expenditure will now be:

= $1,710,000 + $700,000 + $0

= $2,410,000

Note that Weighted Average Accumulated Expenditure for each date was gotten as:

= Expenditure × Capitalization period

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Whispering Winds Corp. uses the periodic inventory system and reports the following for the month of June.
vesna_86 [32]

Answer:

a 1) FIFO

Closing Inventory = $1,760

Cost of Goods sold = $11,264

2) LIFO

Closing Inventory = $1,056

Cost of Goods sold = $11,968

b) FIFO gives the higher ending inventory than LIFO because the oldest items and lowest costs are allocated to the cost of goods sold.

c) LIFO results in higher cost of Goods sold because latest cost are allocated to the cost of goods sold and latest cost may include price increases.

Explanation:

FIFO

Closing inventory = 176 units * $10= $1760

Cost goods sold = 352 units + 704+528 -176 =1,408 units sold

from opening $2,112

12 June   = $5632

23 June   = ( 528-176) =352 units * 10 =3,520

total sold = $11,264

LIFO

Closing inventory = 176 units * 6 = $1,056

Cost goods sold =  352 units + 704+528 -176 =1,408 units sold

23 June = $5,280

12 June = $5,632

1 June  = (352-176) = 176 *6 = $1,056

Total = $11,968

4 0
3 years ago
The definition of Not Utilizing Staff Talent in the Eight Wastes refers to a. making more than the customer wants or more than y
motikmotik

Answer:

d. not encouraging employee ideas or undermining their efforts.

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.

The definition of Not Utilizing Staff Talent in the Eight Wastes refers to not encouraging employee ideas or undermining their efforts.

6 0
3 years ago
Mervon Company has two operating departments: mixing and bottling. Mixing occupies 23,045 square feet. Bottling occupies 18,855
fiasKO [112]

Answer:

Mixing= $112,000

Bottling= $91,800

Explanation:

Giving the following information:

Mixing occupies 23,045 square feet

Bottling occupies 18,855 square feet.

Total sq= 41,900

Indirect factory costs include maintenance costs of $204,000.

First, we need to calculate the proportion of square feet for each department:

Mixing= 23,045/41,900= 0.55

Bottling= 18,855/41,900= 0.45

Now, we can allocate overhead:

Mixing= 0.55*204,000= $112,000

Bottling= 0.45*204,000= $91,800

7 0
3 years ago
Explain how the accounting for a fair value hedge differs for the hedged item and for the hedging item compared to the accountin
igomit [66]

A cash flow hedge is accounted for differently than a fair value hedge.

<h3>What is a Fair Value Hedge?</h3>

Fair price hedges may be used to mitigate the danger of modifications withinside the truthful marketplace price of liabilities, belongings, or different company commitments. Generally, truthful price hedges pass withinside the contrary route of the hedged object so they may be used to cancel out your losses. As a result, derivatives like alternatives and futures are fantastic examples of truthful price hedges.

<h3>What is a Cash Flow Hedge?</h3>

Cash go with the drift hedges can assist to mitigate the dangers which are related to surprising modifications in coins flows of belongings or liabilities, instead of the asset or legal responsibility itself. There are many various factors that could result in those kinds of modifications, inclusive of increases/decreases in forex rates, modifications in hobby rates, modifications in asset prices, and so on.

<h3>What’s the distinction among Cash Flow Hedge and Fair Value Hedge?</h3>

As you could see, the important thing distinction among a coins go with the drift hedge and a truthful price hedge is the hedged object. With a coins go with the drift hedge, you’re hedging the modifications in coins influx and outflow from belongings and liabilities, while truthful price hedges assist to mitigate your publicity to modifications withinside the price of belongings or liabilities. So, at the same time as truthful price hedges are first-rate acceptable to constant price items, the blessings of coins go with the drift hedges lead them to perfect for variable price items.

Learn more about Hedging on:

brainly.com/question/22282124

#SPJ4

4 0
2 years ago
You are to write a main() program in c++ implementing the test cases that were created for task 1. Your main() program will use
kirill [66]
The first test case should fail. When all the test results are completed, you will save the test case results
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3 years ago
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