Please HELP! Will mark brainliest!!

Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw

Nataly_w [17]

Answer and Explanation:

The computation is shown below:

(a) Standard direct materials price per pound of raw materials is

= Purchase price + freight in + receiving and handling

= $3 + $0.50 + $0.20

= $3.70

(b) Standard direct materials quantity per gallon is

= Required material + allowance for waste and spoilage

= 3.50 pounds + 0.80 pounds

= 4.30 pounds

(c) Total Standard direct materials cost per gallon is

= Standard direct materials price per pound of raw materials × Standard direct materials quantity per gallon

= $3.70 × 4.30 pounds

= $15.91

We simply applied the above formulas

6 0

4 years ago

_____ is a collective term used to refer to various forms of pay linked to an employee's performance as an individual, group mem

lesantik [10]

Incentive pay is a collective term used to refer to various forms of pay linked to an employee's performance as an individual, group member, or organization member. incentive pay base pay merit pay hourly wage benefits

7 0

3 years ago

On December 1, 2014, Abel Corporation exchanged 40,000 shares of its $10 par value common stock held in treasury for a used mach

Simora [160]

Answer:

correct option is c. 2,200,000

Explanation:

given data

exchanged = 40,000 shares

common stock = $10

cost = $40

fair value = $55 per share

originally issued = $30 per share

to find out

total stockholders' equity will increase

solution

we will find stockholders' equity that is increase by as given formula

Increase in total shareholder's stock equity = No. of shares × Fair value per share ................1

put here value

Increase in total shareholder's stock equity = 40,000 × $55

Increase in total shareholder's stock equity = $2,200,000

so correct option is c. 2,200,000

3 0

4 years ago

Below is information relative to an exchange of similar assets by Grand Forks Corp. Assume the exchange has commercial substance

Dovator [93]

Answer:

c. $(5,000)

Explanation:

Calculation for the record of either gain/(loss)

In Case B

Book Value amount was $39,100

Fair Value amount was $34,100

Hence:

Using this formula

Gain/(loss)= Book Value-Fair Value

Let plug in the formula

Gain/(loss)=$39,100-$34,100

Loss=$5,000

Grand Forks would record a loss of $5,000 because the fair value which is the price the buyer is willing to buy the asset is lesser than than book value amount.

8 0

4 years ago

Abc and mno both have the same market price and shares outstanding for their common stock. if abc's price-to-earnings ratio is h

mr_godi [17]

If ABC's price-to-earnings ratio is higher, that would indicate ABC's net income is less than MNOs.

If ABC's price-to-earnings ratio (MV per share / EPS)

Is higher than MNOs, then its earnings (defined as net income ÷ shares outstanding) are lower than MNOs.

The information provided does not provide enough detail to know whether ABC or MNO had higher sales.

Net income refers to the amount a character or commercial enterprise makes after deducting fees, allowances, and taxes. In trade, internet earnings are what the business has left over in spite of everything prices, inclusive of salary and wages, price of products or uncooked substances,s and taxes.

In enterprise and accounting, internet profits is an entity's profits minus the price of products bought, costs, depreciation and amortization, interest, and taxes for an accounting duration.

Gross pay is what personnel earn earlier than taxes, advantages, and different payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net income or take-home pay.

Learn more about net income here brainly.com/question/15530787

#SPJ4

8 0

2 years ago