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Mumz [18]
3 years ago
9

Widget Maker Manufacturing uses job costing. In​ May, material requisitions were $ 44 comma 600 ​($ 39 comma 700 of these were d

irect​ materials), and raw material purchases were $ 58 comma 600. The end of month balance in raw materials inventory was $ 24 comma 900. What was the beginning raw materials inventory​ balance?
Business
1 answer:
katen-ka-za [31]3 years ago
7 0

Answer:

The beginning raw materials inventory​ balance is $10,900

Explanation:

In this question, we apply the formula  ending balance of raw material which is shown below:

Ending balance of raw material = Beginning balance of raw material + purchase of material - material requisitions

$24,900 =  Beginning balance of raw material + $58,600 - $44,600

$24,900 = Beginning balance of raw material + $14,000

So, the beginning balance of raw material

= $24,900 - $14,000

= $10,900

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Predetermined overhead rates in traditional costing are often based on
sp2606 [1]

Answer:

a) direct labor cost for job order costing and machine hours for process costing.

Explanation:

As we know that the predetermined overhead rate is the rate which is to be computed by considering the total estimated manufacturing overhead cost and the estimated activity level i.e machine hours, etc

Under the traditional costing, in case of job order costing it ts based on direct labor cost while in the process costing it is based on machine hours

Hence, first option is correct

3 0
4 years ago
Numerous customers of a bridal store lost their ordered and prepaid wedding gowns when the store locked its doors and declared b
Kaylis [27]

<u>Answer:</u> Consolidation

<u>Explanation:</u>

Courts have the authority to consolidate the cases which have common concern. Consolidated case also does not mean the court will not hear each appeal separately. As the facts of the case are similar that they have not received their prepaid wedding gowns due to the bankruptcy of the bridal store single hearing is placed by the court.

The consolidated cases at first remain the same way but the arguments of the attorneys may diverge the case while appealing. The disappointed brides should receive their compensation at once from the failed store here.,

6 0
3 years ago
Ordering cost only consists of the shipping cost from supplier to customer. True or False
Dennis_Churaev [7]

Answer:

False

Explanation:

Ordering costs are the costs incurred when materials are requested for. These components of this cost are:- 1)Clerical and administrative costs involved in purchasing and accounting for the goods ordered.

2)Cost of transportation

3)Retooling cost: This happens when the product is manufactured internally. Retooling means change of working tools.

4)Insurance while in transit.

5)Drivers' salaries and allowances

6)Loss of materials while in transit.

7)Taxes, custom duties and import duties.

3 0
3 years ago
Read 2 more answers
"Analyze why the principled negotiation would be the most suitable strategy in international trade negotiation? Take examples to
erica [24]

The reason principled negotiation would be the most suitable strategy in international trade negotiation is because it helps a party to leverage his/her principles of the opponent to win the negotiation.

The principled type of negotiation is recognized as an interest-based class of  negotiation.

  • A principled negotiation is known as a winner-take-all style of negotiation that is focused on a specific goal of winning.

  • In a principled type of negotiation, there are no space for consideration of other party’s needs and requirements.

  • However, a principled negotiations is limited because it can fail to settle dispute or conflict even if a parties has the highest intentions and negotiating skills.

In conclusion, the reason principled negotiation would be the most suitable strategy in international trade negotiation is because it helps a party to leverage his/her principles of the opponent to win the negotiation.

Read more about principled negotiation

<em>brainly.com/question/6106694</em>

6 0
2 years ago
An oil refinery is located 1 km north of the north bank of a straight river that is 2 km wide. A pipeline is to be constructed f
Kaylis [27]

Answer:

The point p should be located to 4.42 km far from the refinery

Explanation:

Minimum of these costs occurs when <em>x = 1/\sqrt{3}</em> , so <em>distance </em>should be <em>m</em> km to the east of the refinery.

<em>m = 5 - x </em>

<em>m = 5 - 1/\sqrt{3}</em>

<em />

m = 4.42 km

8 0
4 years ago
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