What market structure would the manufacturers of the cellular phones be categorize as?

Wasson Company reported the following year-end information: Beginning work in process inventory $ 35,000 Beginning raw materials

Dennis_Churaev [7]

Answer:

cost of work in process= $890,000

Explanation:

Giving the following information:

Beginning work in process inventory $ 35,000

Beginning raw materials inventory 18,000

Ending work in process inventory 38,000

Ending raw materials inventory 15,000

Raw materials purchased 560,000

Direct labor 210,000

Manufacturing overhead 120,000

To calculate the total cost of work in process, we need to use the following formula:

cost of work in process= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

Direct materials used= beginning inventory + purchases - ending inventory

Direct materials used= 18,000 + 560,000 - 15,000= 563,000

cost of work in process= 35,000 + 563,000 + 210,000 + 120,000 - 38,000= 890,000

4 0

3 years ago

If you were given a personality test as part of an employment application process, would you answer the questions honestly or wo

maw [93]

Explanation:

Personality tests are sold on the promise that they are valid (they measure what they say they will measure) and reliable (they produce consistent results). “Many studies over the years have proven the validity of the MBTI instrument,” says the Myers & Briggs Foundation
Psychologists seek to measure personality through a number of methods, the most common of which are objective tests and projective measures.
Objective tests, such as self-report measures, rely on an individual's personal responses and are relatively free of rater bias.

6 0

3 years ago

Read 2 more answers

Identify the true statements about materials requirements planning. (Check all that apply.) Multiple select question. It is cons

ipn [44]

Material requirements planning is simply used for the management of manufacturing processes.

The main aim of the materials requirement planning is that it helps in keeping production activities on track. Also, there's better inventory control and an improvement in scheduling.

Based on the options given, the true statements about materials requirements planning include:

• It is used widely, especially in manufacturing.

• It is considered a push system.

• It uses a time-phased schedule that is based on lead time.

Read related link on:

brainly.com/question/12678676

5 0

3 years ago

First Rentals purchased office supplies on credit. The general journal entry made by First Rentals will include a:

Assoli18 [71]

The general journal entry made by First Rentals on purchase of office supplies on credit will include a Credit to Accounts Payable.

<h3>How are office supplies on credit recorded?</h3>

Office supplies on credit means office supplies bought on credit by the firm.

In conclusion, the general journal entry made by First Rentals on purchase of office supplies on credit will include a Credit to Accounts Payable.

Read more about Accounts Payable

<em>brainly.com/question/1347024</em>

5 0

3 years ago

You are a valuable member of the student store staff. You handle many of the cash box transactions, moving the daily cash betwee

jasenka [17]

Answer:

I can put a call through to the organisers of the trip explaining that I have cash but it's not within reach and that if they reserved the spot for me, they'd get the money as soon as I can access it. Given that I am a valuable member of the student store staff, that reputation should count in times like this.

To borrow money from the cashbox would be a huge ethical risk and can easily be termed mismanagement of funds especially where the store policy does not allow such.

My value in the store lies largely on my integrity and the trust they students have invested in my person.

I'd rather miss the road trip than make a regrettable unethical decision.

Cheers!

7 0

3 years ago