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
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

You might be interested in
One of the principles of hierarchy is a clear ______ chain of command.
Genrish500 [490]

Answer: One of the principles of hierarchy is a clear <u>vertical </u>chain of command.

Hope this helps!

4 0
2 years ago
What is Company XYZ's intrinsic equity value using the WACC as the discount rate and assuming the terminal value is based on the
const2013 [10]

Answer:

$315,198

Explanation:

WACC = [ Equity / Total value ] * cost of equity + [ Debt / Total value ] * Cost of debt.

WACC = 11.5%

Exit multiple = Total cash outflow / Total cash inflow

Exit multiple = $120,000 / 36,000 = 3.3x

EBITDA of the company is $178,412.

5 0
3 years ago
The main output of the ______ process is the stakeholder register.
liq [111]
Hello!
.
The answer to your questions is "identifying stakeholders".
.
The main output of the identifying stakeholders process is the stakeholder register.
:)
7 0
3 years ago
Now that you have studied the active and passive voice, what do you think when someone in government or business says, "Mistakes
Nikitich [7]

Answer:

The sentence is unethical if there is a clear responsability on the mistakes. If the mistakes were made, and no one can be truly held accountable for that, then, the sentence is not unethical.

Explanation:

For example, if the government is corrupt, and officials actively commit embezzlement, the phrase "mistakes were made" is unethical because it is diverting the personal responsability of the corrupt officials.

But if for example, there is a volcano eruption, and the goverment tries its best to avoid casualties, but because of some involuntary mistakes some people still die, the phrase is not unethical because the mistakes were not voluntary and the consequences of those were not intended.

8 0
3 years ago
Intentionally reporting product sales in the financial statements for the period prior to when they actually occurred is a viola
SSSSS [86.1K]

Answer:

d. Revenue recognition

Explanation:

The principle of revenue recognition occurs when the revenue is recognized or earned whether cash is obtained or not and it also meets the accounting accrual basis. Realizable here implies that the customer receives the product but the payment was made afterward.

Since the given scenario reflects the violation of the revenue recognition principle.

6 0
3 years ago
Other questions:
  • Refer to the data for Pennewell Publishing Inc. (PP). Assume that PP is considering changing from its original capital structure
    15·1 answer
  • Mike gundy is a college football coach making a base salary of $2,400,000 a year ($200,000 per month). employers are required to
    10·1 answer
  • Scenario D. Jimena works for a small company that makes nut butters from ingredients like cashews and macadamia nuts, and jams f
    13·1 answer
  • First, regardless of the strategy, _____ storage and _____ storage must be secured.
    5·1 answer
  • Argentina can produce either 20 units of cloth or 2 units of wine, while Chile can produce either 24 units of cloth or 12 units
    14·1 answer
  • Eggs, toilet paper, and candy bars are examples of what kind of good?
    15·2 answers
  • Please complete the following sentence from our reading: This brings us to the second reason mass media models are persuasive: T
    7·1 answer
  • The common share of Atlanta, corp., is selling for $42 a share and investors require a 15% return on the stock. If two thirds of
    9·1 answer
  • Inflation is best described as _____.(1 point)
    5·2 answers
  • the two types of shopping products are: group of answer choices unsought and convenience generic and family exclusive and intens
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!