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Walter Company uses a job-order costing system to account for product costs. The following information pertains to the current y

djverab [1.8K]

Answer:

COGM = 450,000

Explanation:

The amount debited will be equal to the COGM which is the cost of goods manufactured.

COGM = beginnning WIP + cost added - ending WIP

we need to know the cost added during the period:

cost added during the period

materials 140,000

direct labor 160,000

overhead applied

18 x 10,000 = 180,000

total 480,000

Notice, for the overhead we multiply the predetermined rate by the amount of labor hours.

The actual values and adjustment for application of overhead are calculate later at year-end

Now, we are given the following information:

we know that WIP increase by 30,000

so : ending is 30,000 dollars greater than beginning

which implies ending - beginning = -30,000

we plug that into the formula:

COGM = cost added + (beginning WIP - ending WIP)

COGM = 480,000 - 30,000

COGM = 450,000

4 0

4 years ago

State and federal governments actively support education at the primary, secondary, and collegiate levels. But they mandate educ

saul85 [17]

Answer:

1. positive externalities

2. educational credit for the market failure

3. redistribution

4. failure to maximize the family utility

Explanation:

There are generally four rationales or logical thinking for the public provisions for education. They are the positive externalities, failure to maximize the family utility, educational credit for the market failure, redistribution.

Now each rationales provides reasons that educations is more likely to be underprovided without any intervention from the government. But many of them does not provide any reasons for the mandate of education.

Like suppose the government can support and solve any educational credit market failure by just offering some loan guarantees for the students while letting them chose to receive education or not.

Similarly government can also address positive externalities that are associated with productivity gains or just letting a person educated without any mandating it.

And finally, government redistributes the poor families through the progressive taxation or the offerings of free education without any mandating them.

8 0

3 years ago

Over the course of 2018, the first year of operations, Medical Supplies, Inc. had the following income transactions: Sales R

LekaFEV [45]

Answer:

Ending RE at year-end: 494,000

Explanation:

As this is the first-year of operation there is no beginning Retained Earnings.

Sales Revenue of 4,340,000

Cost of Goods Sold (1,936,000)

Wage Expense (876,000)

Insurance Expense (324,000)

Administrative Expense (414,000)

Utilities Expense (192,000)

Selling Expense (42,000)

Net Income 556,000

Dividends paid: (62,000)

Ending RE 494,000

4 0

3 years ago

A pie chart ____. answer

kherson [118]

I think your answer would be
D

H0P3 It H3LPS :)

3 0

3 years ago

If interest rates increase due to inflation, but expected cash flows to a firm do not change, then you would expect stock prices

kati45 [8]

If interest rates increase due to inflation, but expected cash flows to a firm do not change, then you would expect stock prices to decline.

The current stock price is the present value of all future cash Inflows. So if the hobby fee will increase, then the discounting factor will grow, so the existing price of the destiny inflows will decrease, and the inventory charge will fall.

In economics, inflation is a popular increase in the expenses of products and services in an economic system. whilst the overall fee degree rises, each unit of foreign money buys fewer items and services; therefore, inflation corresponds to a reduction in the shopping power of money.

Higher interest costs imply better borrowing fees, human beings will sooner or later begin spending less. The call for goods and services will then drop, as a way to cause inflation to fall.

Learn more about inflation here brainly.com/question/8149429

#SPJ4

4 0

2 years ago