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xz_007 [3.2K]
3 years ago
5

Davy Company had a beginning work in process inventory balance of $32,000. During the year, $54,500 of direct materials was plac

ed into production. Direct labor was $63,400, and indirect labor was $19,500. Manufacturing overhead is applied at 125% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225,000 were completed during the year.
What is the ending work in process inventory balance?

a. $172,000
b. $ 11,400
c. $ 4,150
d. $ 79,250
Business
1 answer:
daser333 [38]3 years ago
8 0

Answer:

Option (b) is correct.

Explanation:

Given that,

Beginning work in process inventory balance  = $32,000

Direct materials was placed into production = $54,500

Direct labor = $63,400

Actual manufacturing overhead = $86,500

Jobs costing completed during the year = $225,000

Ending work in process inventory balance:

= Beginning work in process inventory balance + Direct materials was placed into production + Direct labor + Actual manufacturing overhead - Jobs costing completed during the year

= $32,000 + $54,500 + $63,400 + $86,500 - $225,000

= $11,400

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There is also another type of stress called eustress which will give the person who is perceiving it a better performance or even a better feeling.

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3 years ago
ABC company issued 3000 shares of stock for $5 per share and issued 5000 shares for land valued at $10,000. How much cash did AB
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Answer:

The cash received by ABC company from the issuing of stock is $15,000.

Explanation:

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Therefore, the cash received by ABC company from the issuing of stock is $15,000.

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2 years ago
A running shoe company wants to reach "avid marathon runners" instead of just "sports fans". which targeting method should this
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The correct answer:
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3 0
3 years ago
An increase in the demand for loanable funds will occur if there is A. an increase in the real interest rate. B. an increase in
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Answer:

C, a decrease in the real interest rate

Explanation:

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Cheers

8 0
2 years ago
Read 2 more answers
The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $2,584 and current liabilities of $1,
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Answer: ($203)

Explanation:

The company’s 2010 change in net working capital will be calculated thus:

Net working capital = current assets - current liabilities

For 2009, net working capital will be:

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Change in net working capital will be:

= $1393 - $1596

= ($203)

6 0
2 years ago
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