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
Scilla [17]
3 years ago
15

Reedy Company reports the following information for 2012:

Business
1 answer:
asambeis [7]3 years ago
4 0

Answer:

Ending WIP= $13,500

Explanation:

<u>First, we need to calculate the factory overhead:</u>

Factory overhead= 25,000*0.75= $18,750

<u>Now, the ending WIP inventory:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

68,250 = 11,000 + 27,000 + 25,000 + 18,750 - Ending WIP

Ending WIP= $13,500

You might be interested in
Lindsay is in 11th grade and wants to be a physical trainer and work with athletes for her career. She wants to help them learn
svetoff [14.1K]
A long term goal is something that a person has that requires planning and most of the time, involves their career or what they want to do in the future, Something that isn't going to come to an end anytime soon. So, the answer is 4.
6 0
3 years ago
One example of a job benefit is:
Elden [556K]

Answer:

c

explanation:

5 0
3 years ago
Read 2 more answers
A firm is a competitive seller of output at amarket price of $3. The only resource itrequires to create its product is labor, wh
bulgar [2K]

Answer:

B. $6

Explanation:

Marginal revenue for the worker = change in wage ÷ change in quantity output

Change in wage = (40×$6) - (36×$6) = $240 - $216 = $24

Change in quantity output = 40 - 36 = 4

Marginal revenue for the worker = $24 ÷ 4 = $6

4 0
3 years ago
Martinez Manufacturing applies overhead based on direct labor hours. The company estimates that their overhead for the year will
aev [14]

Answer:

The correct answer is C: underapplied by $2,500

Explanation:

Giving the following information:

Martinez Manufacturing applies overhead based on direct labor hours.

The company estimates that their overhead for the year will be $180,000 and that they will use 72,000 direct labor hours.

During the year, Martinez Manufacturing used 75,000 direct labor hours and actual overhead costs were $190,000

We need to calculate if the overhead was under or over applied and in what amount.

Predetermined overhead rate= total estimated manufacturing overhead for the period/ total amount of allocation base

Predetermined overhead rate= 180000/72000= $2.5 an hour

Now, we can calculate the amount of overhead allocated:

Overhead allocated= 75000 hours*2.5= $187,500

Over/under applied= actual overhead - allocated overhead= 190,000 - 185,500= $2,500 underapplied

7 0
3 years ago
Vandel Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 5,900 units are p
Fantom [35]

Answer:

Given:

Sales budget = 5,900 units

Variable selling and administrative expense = $11.20 per unit

Fixed selling and administrative expense = $131,570 per month

Depreciation = $16,520 per month

Therefore, we'll compute cash disbursements for selling and administrative expenses using the following formula:

<em>Cash disbursements = Variable selling and administrative expense × Sales budget +  Fixed selling and administrative expense - Depreciation</em>

Cash disbursements = $11.20 × 5,900 + $131,570 - $16,520

<u><em>Cash disbursements = $181,130</em></u>

3 0
3 years ago
Read 2 more answers
Other questions:
  • Matias is developing a pricing strategy for his​ start-up company. Market research tells him that there is no elite segment and
    9·1 answer
  • How do debt and self financing affect the financial statement
    12·1 answer
  • Llano’s stock is currently selling for $50.00. The expected dividend one year from now is $1.50, and the dividend growth rate is
    8·1 answer
  • Sword and Plough hires army veterans to recycle surplus military materials such as parachutes, sleeping bags, and tents, into fa
    8·1 answer
  • For each of the following independent situations, determine whether any of the expenditures qualify as deductible education expe
    14·1 answer
  • Samson Corporation sold the following during the year: Two delivery trucks purchased in March 2016 for $78,000 are sold in June
    6·1 answer
  • Jjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjj
    7·1 answer
  • Jay, a divisional vice president of a consumer goods manufacturer, gives a presentation to all divisional employees to outline t
    10·1 answer
  • What is important for starting a charity
    8·1 answer
  • In the context of a business where products and services are offered to customers, demand is created by the?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!