1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Amanda [17]
2 years ago
12

Compute the Work-In-Process transferred to the finished goods warehouse on April 30 using the following information:

Business
1 answer:
Marina CMI [18]2 years ago
8 0

Answer:

$910

Explanation:

Computation for the Work-in-Process transferred to the finished goods warehouse on April 30

Using this formula

Work-in-Process transferred to finished goods warehouse=Work-In-Process Inventory, April 1+(Direct materials used in production+Direct labor costs incurred +Manufacturing overhead costs)-Work-In-Process Inventory, April 30

Let plug in the formula

Work-in-Process transferred to finished goods warehouse=$270 + ($195 + $370 + $320) - $245

Work-in-Process transferred to finished goods warehouse=$270 +$885-$245

Work-in-Process transferred to finished goods warehouse= $910

Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 is $910

You might be interested in
Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month with the following unit cost
patriot [66]

Answer:

Following are the responses to the given question:

Explanation:

For question 1:

Calculating the cost per unit:

\text{Direct material}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$5\\\\\text{Direct labor} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \$3\\\\\text{Variable overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$1.5\\\\\text{Fixed overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$7\\\\\text{Cost per unit}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$16.5\\\\

For question 2:

Calculating the ending inventory units:

= \text{Beginning inventory + units produced - ending inventory}\\\\= 0+40,000-38,400\\\\= 1600\ units\\\\

Calculating the cost for the Ending inventory:

=1600\ units \times \$16.5\\\\=\$26,400\\\\

For question 3:

Calculating the absorption costing for the income statement:

Particular                                             Amount

Sales (38,400\times \$24)\ \ \ \ \ \ \ \ \ \   \ \ \ \ \ \ \ \ \ \ \ \ \ \$921,600

-COGS(38,400\times \$16.5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \  \$633,600

Gross profit                                          \$288,000

Cost of variable marketing  (\$1.2\times 38,400)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \$46,080

marketing and administrative costs are fixed \$130,500

Net income                                            \$111,420

6 0
3 years ago
Telecom Company is preparing its annual budgeted income statement. What is the best place to locate the amount of interest expen
anyanavicka [17]

Answer: d. Cash Budget

Explanation:

The Cash budget is used to project the company's expected position in terms of the cash it holds in the future. As such, the budget contains both cash receipts and cash disbursements.

Some of the disbursements include expenses and loan payments. The loan payments are where the interest expense will be found for the coming year.

5 0
3 years ago
Suppose that the government has raised by​ $10 a​ per-carat tax rate it imposes on diamonds in an effort to influence production
RSB [31]
I think we should use macroeconomic analysis to analyze it. 
Macroeconomic analysis is used to analyze the policies that affect the economy on nation-wide level.
The tax rate that imposed by the government will definitely affect the total Gross Domestic Product for diamonds and affect the nation's economic scale.
8 0
3 years ago
Use the following information to answer this question.
serg [7]

Answer:

21.08 times

Explanation:

Calculation to determine the cash coverage ratio for 2017

Using this formula

Cash coverage ratio=(Earnings before interest and taxes+Depreciation)/Interest paid

Let plug in the formula

Cash coverage ratio= ($1,640+$320)/$93

Cash coverage ratio=$1,960/$93

Cash coverage ratio = 21.08 times

Therefore the cash coverage ratio for 2017 is 21.08 times

5 0
2 years ago
15.2 Calculating Flotation Costs: The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, Wiley received $
Marina CMI [18]

Answer:

23.16%

Explanation:

net amount of money received by Wliey Oakley = 7,750,000 stocks x $21.39 per stock = $165,772,500

total flotation costs including direct and indirect costs = [($26.30 - $21.39) x 7,500,000] + $1,350,000 + $210,000 = $38,385,000

flotation costs as a percentage of funds raised = $38,385,000 / $165,772,500 = 0.2316 = 23.16%

4 0
3 years ago
Other questions:
  • Wooten & McMahon Enterprises produces a product with the following per-unit costs: Direct materials $13.00 Direct labor 8.80
    15·1 answer
  • The unemployment due to changes in the types of skills employers require is called
    9·2 answers
  • Corporate Communications director Mark Schurman describes how Herman Miller employees are assigned to teams not necessarily high
    12·1 answer
  • Purchasing office supplies on account will: Multiple Choice Not change assets. Increase assets and decrease liabilities. Increas
    5·1 answer
  • Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $490,000. In addition to the purchase price, FVI makes the followi
    9·1 answer
  • In the multiplex industry, Vibrant Movies Inc. is an upscale multiplex that focuses on superior customer experience. The firm ch
    6·1 answer
  • Most Apple retail stores have a Genius Bar staffed with highly trained personnel who can help customers with their purchases of
    14·1 answer
  • What change is taking place on this graph?
    10·2 answers
  • Mary Delany, owner of Delany Salsas, is curious to know whether the new packaging for her line of salsas is being noticed by sup
    7·1 answer
  • ErgoWorld Inc. manufactures office furniture. The company is considering adopting a modular production system. A modular system
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!