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vesna_86 [32]
2 years ago
6

Department S had no work in process at the beginning of the period. It added 13,000 units of direct materials during the period

at a cost of $78,000. During the period, 9,800 units were completed, and 3,200 units were 20% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $66,816, and factory overhead was $14,616. The total cost of units completed during the period was
Business
1 answer:
IrinaK [193]2 years ago
6 0

Answer:

$473,547

Explanation:

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On January 1, 2021, Maywood Hydraulics leased drilling equipment from Aqua Leasing for a four-year period ending December 31, 20
zlopas [31]

Answer: See explanation

Explanation:

The appropriate entries for Maywood on January 1, 2021 and December 31, 2021, related to the lease goes thus:

January 1, 2021:

Debit Right of use asset $368291

Credit Lease payment $368291

December 31, 2021:

Debit Ammortization expense $92073

Credit Rights of use asset $92073

Debit Interest expense $25780

Debit Lease payable $78220

Credit Cash $104000

The working to the above entries has been attached

6 0
3 years ago
A company has bonds outstanding with a par value of $100,000. The unamortized premium on these bonds is $2,700. If the company r
Lunna [17]

Answer:e. $3,700 gain.

Explanation:

Par value of Bonds =$100,000    

Unamortized premium= $2,700    

Carrying/ Book value of bonds=  Par value of Bonds +Unamortized premium

= $100,000 + $2,700 =$102,700    

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Gain on retirement of bonds =Book value of bonds- Amount at which bonds retired

=$102,700- $99,000 = $3,700

4 0
3 years ago
Which of the following statements is TRUE?
Dahasolnce [82]

Answer:

Third one....The interest rate on your savings account will vary over time and be set by the government

Earn interest at a norminal rate.

7 0
3 years ago
At December 31, 2021 and 2020, P Co. had 58,000 shares of common stock and 5,800 shares of 5%, $100 par value cumulative preferr
Finger [1]

Answer:

$10.19 per share

Explanation:

With regards to the above, the basic earnings per common share is seen below;

Preferred dividend = Shares × Par value × Shares percentage

= 5,800 × $100 × 5%

= $29,000

So, basic earning per share = (Net income - Preferred dividend) ÷ Common shares

= ($620,000 - $29,000) ÷ 58,000

= $10.19 per share

Therefore, for 2021, basic earnings per common share amounted to $10.19

6 0
3 years ago
Trevor restores antique cars and sells them for profit. This is an example of _____ income.a.capital gains
scZoUnD [109]

Answer:

a.capital gains

Explanation:

Capital gains income -

It refers to the increase in the amount of the capital asset , where the amount received from selling the asset is more than the amount at the time of purchase , is referred to as capital gains income.

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Hence, from the given scenario of the question,

Trevor is practicing , capital gains income.

7 0
3 years ago
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