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mafiozo [28]
2 years ago
12

ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP

, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information:
Total Materials (Direct and Indirect) Purchsed = $ 90,000
Indirect Materials Issued to Production = 30,000
Total Materials Issued to Production = 110,000
Beginning Materials Inventory = 50,000
The debit to Work-in-Process Inventory account for materials is:__________
A. $110,000.
B. $30,000.
C. $90,000.
D. $80,000.
E. $50.000.
Business
1 answer:
Elodia [21]2 years ago
3 0

Answer:

D. $80,000

Explanation:

When costs are incurred during manufacture, they are debited to the Work In Process Account.

Note that, ABC charges direct materials to WIP and indirect materials are charged to the Factory Overhead account.

Total Direct Materials = Total Materials Issued to Production - Indirect Materials Issued to Production

therefore,

Total Direct Materials = $110,000 - $30,000 = $80,000

Conclusion :

The debit to Work-in-Process Inventory account for materials is $80,000

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Parliament Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Parliam
ss7ja [257]

Answer:

Note: <em>The complete question is attached as picture below</em>

<em />

We are add the previous month +10% to get that month's amounts

                              Sales Budget

                       January     February    March

Cash sales      $50,000   <u>$55,000</u>    <u>$60,500</u>

Credit sales    $120,000  <u>$132,000</u>  <u>$145,200</u>

Total sales      $170,000 <u>$187,000</u>  <u>$205,700</u>

<u>Workings</u>:

February

Cash sales = 50,000+(50,000*10%) = $55,000

Credit sales= 120,000+(120,000*10%) = $132,000

March

Cash sales = 55,000+(55,000*10%) = $60,500

Credit sales= 132,000+(132,000*10%) = $145,200

7 0
2 years ago
Klean Fiber Company is the creator of Y-Go, a technology that weaves silver into its fabrics to kill bacteria and odor on clothi
natulia [17]

Answer:

Klean Fiber Company

Incremental Analysis for the Special order of 250,500 units of Y-Go undergarments:

Direct materials                                  $2.04         $511,020

Direct labor                                           0.40          100,200

Variable manufacturing overhead       1.04         260,520

Fixed manufacturing overhead            1.02         255,510

Total costs                                         $4.50      $1,127,250

Fixed manufacturing overhead           1.02          255,510

Incremental costs                             $3.48         $871,740

Explanation:

a) Data:

Full Capacity = 1,031,000

The per unit and the total costs at full capacity for Y-Go:

                                                 Per Undergarment       Total

Direct materials                                  $2.04         $2,103,240

Direct labor                                           0.40              412,400

Variable manufacturing overhead       1.04           1,072,240

Fixed manufacturing overhead            1.44           1,484,640

Variable selling expenses                    0.34            350,540

Totals                                                  $5.26       $5,423,060

b: In her decision to accept or reject the special order for 250,500 units of Y-Go undergarments by the U.S. Army, the Klean Fiber Company will only consider the relevant incremental unit cost of $3.48 and not the whole unit cost of $5.26.  The $3.48 cost excludes the fixed overheads or the selling and administrative expenses.

8 0
3 years ago
Clay Corporation manufactures two styles of lampslong dasha Bedford Lamp and a Lowell Lamp. The following per unit data are​ ava
mote1985 [20]

Answer:

$ 10

Explanation:

Given:

For Bedford lamp

Sales price = $ 26

Variable cost = $ 16

Machine hours required per unit = 1

Now,

the contribution margin per unit = Sales price - Variable cost

= $ 26 - $ 16

= $ 10

therefore,

the contribution margin per machine hour is calculated as:

= contribution margin / machine hours

or

= $ 10 / 1

or

= $ 10

hence,

the contribution margin per machine hour for the bedford lamp is $ 10

4 0
3 years ago
What is the marginal income tax rate of a $5,000 raise for someone who currently makes $95,000 per year?
elena-14-01-66 [18.8K]

24% will be the tax bracket for her. The marginal tax rate is the tax rate you pay on every dollar of additional income. Individuals' federal marginal tax rate in the United States rises as their income rises. As one's income rises, the last dollar earned is taxed at a higher rate than the first.

This method of taxation, known as progressive taxation, aims to tax individuals based on their earnings, with low-income earners paying a lower rate than higher-income earners. Under a marginal tax rate, taxpayers are typically divided into tax brackets or ranges, which determine the rate applied to the tax filer's taxable income.

However, how much of an individual's income is taxed depends on more factors than just their marginal tax bracket. Instead, income taxes are calculated progressively, with a range of income levels subject to a certain rate for each bracket.


To learn more about marginal tax, click here

brainly.com/question/10798743

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5 0
2 years ago
What are the required components of a database function? Check all that apply.
shtirl [24]

Answer:

=

D in front of the command

range

field

criteria

Explanation:

8 0
3 years ago
Read 2 more answers
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