Answer:
(a) Cost of the Tramel job:
= Direct material cost + Direct labor cost + overhead applied
= $1,900 + $500 + (140% of $500)
= $1,900 + $500 + $700
= $3,100
(b) Overhead cost A/c Dr. $500
To Material A/c $400
To Labor A/c $100
Answer:
COGS = $816000
RE = $1542000
explanation:
Getting Corrected Cost of Goods Sold,(COGS.)
equals the sum and substract of inventory, purchases and ending inventory:
COGS = BeginningInventory + Purchases - EndingInventory
COGS = BI + P - EI
The BI given is $840,000. purchases is not available
The EI equals difference between $39000 and $63000
63000 - 39000= $24000
corrected amounts of COGS is
COGS = 840000- 24000 = $816000
the retained earnings can be calculated by
substraction of the value of the retained earning from ending inventory by the end of 2017,
$63000,
RE = 1605000 - 63000 = $1542000
Answer:
C. impose barriers to entry with a copyright, which allows only the government to supply a good or service.
Explanation:
- The oligopolies is a market or industry where there exist small but large sellers and hence form an market competition and hence lead to higher prices to the consumers. As they have their market structures. Entry barriers include high investment and strong consumer liabilities.'
- Thus governments can set barriers to entry of these firm as to market only those goods and services that the government recommend fit for the sales
Answer:
Finished goods
Explanation:
There are four stages of inventory
1. Raw materials – materials and components scheduled for use in making a product.
2. Work in process, WIP – materials and components that have began their transformation to finished goods.
3. Finished goods – goods ready for sale to customers.
4. Goods for resale – returned goods that are salable.
So, we see here that the inventory stage that deals with goods ready for sale is FINISHED GOODS.
Alternate director, chair, de facto director, executive director, non-executive director, independent director, lead director, managing director, nominee director and shadow director.