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mel-nik [20]
3 years ago
15

Coronado Industries reported the following year-end information: Beginning work in process inventory $ 25000 Beginning raw mater

ials inventory 9000 Ending work in process inventory 28000 Ending raw materials inventory 6000 Raw materials purchased 560000 Direct labor 210000 Manufacturing overhead 120000 How much is Coronado’s total cost of work in process for the year?
Business
1 answer:
Zanzabum3 years ago
7 0

Answer:

$890,000

Explanation:

The computation of the total cost of work in process is shown below

But before that following calculations are needed  

Cost of Raw material consumed = Beginning inventory + Raw material purchased - Closing inventory

= $9,000 + $560,000 - $6,000

= $563,000

And,

Cost of manufacturing = Cost of raw material consumed + Direct labor + Manufacturing overhead

= $563,000 + $210,000 + $120,000

= $893,000

Now

Cost of work in progress = Beginning WIP inventory - Ending WIP inventory + Cost of manufacturing

= $25,000 - $28,000 + $893,000

= $890,000

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Consider the multifactor APT with two factors. Portfolio A has a beta of .5 on factor 1 and a beta of 1.25 on factor 2. The risk
Dovator [93]

Answer:

(B) 16.25%

Explanation:

Using the multifactor APT,

E(R_{A} ) = R_{f} + \beta_{1}.RP_{1} + \beta_{2}.RP_{2}

where E(R_{A} ) = expected return on portfolio A,

R_{f} = the risk free rate of return,

\beta_{i} = beta on factor "i"

RP_{i} =  risk premium on factor "i".

Therefore,

return on portfolio A = 7% + (0.5 * 1%) + (1.25 * 7%)

= 0.07 + (0.5 * 0.01) + (1.25 * 0.07)

= 0.07 + 0.005 + 0.0875

= 0.1625

= 16.25%.

7 0
3 years ago
Identify the percent increase in total sales and the percent increase in sales of trench coats. Then find which percent of incre
geniusboy [140]

The percentage increase in the total sales for 2006 is 15% while the increase in sales of the trench coats is 23.3%; therefore the percentage increase in total sales of trench coats is 8.3% faster.

Computation:

1. The total amount of sales for 2006 and 2007:

\begin{aligned}\text{Sales of 2006}&=103+297+210+213+137\\&=960\end{aligned}

\begin{aligned}\text{Sales of 2007}&=127+223+210+285+259\\&=1104\end{aligned}

2. Now, the percentage increase will be determined for the total number of coats and trench coats:

For the total number of coats, the values used will be the total sales of 2006, and total sales of 2007.

\begin{aligned}\text{Percentage Increase}&=\dfrac{\text{Sales of 2007}-\text{Sales of 2006}}{\text{Sales of 2006}}\times100\\&=\dfrac{1104-960}{960}\times100\\&=15\%\end{aligned}

For the trench coats the values used will be the sale of trench coats in 2006 and 2007.

\begin{aligned}\text{Percentage Increase in Sale of Trench Coat}&=\dfrac{\text{Sales of 2007}-\text{Sales of 2006}}{\text{Sales of 2006}}\times100\\&=\dfrac{127-103}{103}\times100\\&=23.33\%\end{aligned}

3. Now, the  net percentage increase in sales due to the trench coats is computed as follows:

\begin{aligned}\text{Net Percentage Change}&=\text{\text{Percentage Increase in Trench Coat}-\text{Percentage Increase}}\\&=23.33\%-15\%\\&=8.3\%\end{aligned}

Therefore, the correct option is option B. Sales of trench coats increased 8. 3 percentage points faster than total coat sales.

To know more about percentages of increase in sales, refer to the link:

brainly.com/question/45525

4 0
3 years ago
Number the following in the order of the flow of manufacturing costs for a company. a. Close under- or overapplied factory overh
jolli1 [7]

Answer: The correct order of the flow of manufacturing cost for a company is:

  1. b. Purchase materials.
  2. f. Requisition materials to jobs.
  3. c. Use factory labor and incur factory overhead in production.
  4. e. Apply factory overhead to jobs according to the predetermined overhead rate.
  5. d. Transfer completed jobs to finished goods.
  6. a. Close under- or overapplied factory overhead to Cost of Goods Sold.
  7. g. Upon sale, move cost of finished product to Cost of Goods Sold.

3 0
3 years ago
ohansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The
Elodia [21]

Answer:

The right solution is "$ 2.50 per DLH".

Explanation:

The given values are:

Rent,

= $ 15,000

Factor equipment's depreciation,

= $ 8,000

Indirect labor,

= $ 12,000

Production supervisor's salary,

= $ 15,000

Estimated DLHs,

= 20,000

The total manufacturing overhead will be:

= Rent+Factory's \ equipment \ depreciation+Indirect \ labor+Production \ supervisor's \ salaryOn substituting the given values, we get

= 15000+8000+12000+15000

= 50,000 ($)

Now,

The predetermined overhead rate will be:

=  \frac{50000}{20000}

= 2.50 \ per \ DLH ($)

3 0
3 years ago
Allen Rent-A-TV derives an average profit of $15 per customer if it services 1000 customers or less. If it services over 1000 cu
just olya [345]

Answer:

1000

Explanation:

1000, that is the point where it reaches maximum utility, if it has more clients it incurs a higher marginal cost and therefore its utility would be lower, in microeconomics the utility function is a quadratic function, this means that it has a maximum point and from there the income continues to increase but the utility decreases due to the marginal cost, that is to say the cost of an additional unit.

3 0
3 years ago
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