Which of the following would affect a country’s currency value?

Foster Manufacturing uses a job order cost accounting system. On April 1, the company has Work in Process Inventory of $7,600 an

Andrej [43]

Answer:

<u>Foster Manufacturing </u>

<u>Journal Entries</u>

<u>Sr. No Particulars Debit Credit</u>

1 Work in Process Job No. 221 1200

Work in Process Job No. 222 1700

Work in Process Job No. 223 2400

Work in Process Job No. 224 2600

Factory Overhead Indirect Materials 600

Materials Inventory 8500

Materials Requisitioned to specific jobs work in process inventory.

2. Direct Labor Work in Process Job No. 221 1600

Direct Labor Work in Process Job No. 222 2200

Direct Labor Work in Process Job No. 223 2900

Direct Labor Work in Process Job No. 224 2800

Indirect Labor 400

Payroll 9500

Factory OverheadControl 400

Direct Labor used for specific jobs.

3. Work in Process Job No. 221 1120

Work in Process Job No. 222 1540

Work in Process Job No. 223 2030

Work in Process Job No. 224 1960

Manufacturing Overheads 6930

Manufacturing Overheads applied to specific jobs at the rate of 70%.

4. Finished Goods Inventory $ 7940

Opening Work in Process Job No. 221 3600

Work in Process Job No. 221 Materials 1200

Work in Process Job No. 221 Direct Labor 1600

Work in Process Job No. 221 MOH 1540

Job 221 completed and transferred to finished goods.

3 0

3 years ago

A company sells 800 units at $16 each, has variable costs of $12 per unit, and fixed costs of $1,200. Income is $

Inessa05 [86]

Assuming a company sells 800 units at $16 each, has variable costs of $12 per unit. The after-tax income is $1,200.

<h3>After-tax income</h3>

Using this formula

After-tax income=(Selling units×Selling price)-[(Variable costs×Selling price)+Fixed costs]×(1- tax rate)

Let plug in the formula

After-tax income=(800 units× $16 each)-[(800 units × $12 each)+$1200]×(1-.40)

After-tax income=$12,800-($9,600+$1,200)×0.60

After-tax income=$12,800-$10,800×0.60

After-tax income=$2,000×0.60

After-tax income=$1,200

Inconclusion the after-tax income is $1,200.

Learn more about after-tax income here:brainly.com/question/1775528

5 0

2 years ago

Coffee shops that reward customers with one free cup of coffee after every ten coffee purchases are using a ___________ reinforc

sergiy2304 [10]

fixed-ratio, the discount is fixed ( a free coffee) and the number of cofees is fixed 10

6 0

3 years ago

Economic cost can best be defined as: (a) any contractual obligation that results in a flow of money expenditures from an enterp

Andreas93 [3]

Answer:

(d) all costs exclusive of payments to fixed factors of production.

Explanation:

The cost involved in the first three options is considered by economists as accounting cost. Economic cost involves the accounting cost, but it is added to the opportunity cost, which is the remuneration that an economic agent fails to receive for practicing one economic activity and not another.

For example, a business owner has fixed production costs, but it should add to his opportunity cost to be working in that firm rather than another economic activity.

8 0

3 years ago

Aaron, korben and zane are preparing to work on a big project for the firm. they meet to decide who is going to complete which t

Mamont248 [21]

This activity is called DIVISION OF LABOR.
Division of labor refers to a separation of task in a system, which allow workers to focus on specific aspects of the project based on their ability and aptitude. Division of labor is usually employ in business activities in order to increase productivity and efficiency and it usually results in greater production. It also leads to increase in the skills of the specialized workers that are involved in the production activities.

8 0

3 years ago