Answer:
debit to Manufacturing Overhead of $65,000
Explanation:
Manufacturing overhead cost are those that are shared to different processes that do not contribute directly to product being manufactured.
For example raw materials is a direct contributor to goods, while labour is a overhead cost that indirectly contributed to the good.
On the given scenario it is the actual amount incurred that will be debited to the books of the company.
So there will be a debit to Manufacturing Overhead of $65,000
 
        
             
        
        
        
Answer:Return on Total assets ==5.19%
Explanation:
Return on Total assets shows  one the idea of the  profitability of  a company's assets in generating revenue before  interest and taxes. it is expressed in percentage and its formula is given as 
Return on Assets = Net Income (Earning before interest and taxes) / Average total assets
                         = 35,260/ 680,000 = 0.05185 x 100
                         =5.19%
 
        
                    
             
        
        
        
Answer:
Explanation:
When the future revenue producing ability of the inventory is above its original cost the
companies should reports their inventory value with LCNV method.
 
        
             
        
        
        
Answer:
a)
P₀ = Div₁ / (Re - g)
- P₀ = current stock price = ?
- Div₁ = next dividend = $8
- Re = equity cost = 10%
- g = constant growth rate = 5% 
P₀ = $8 / (10% - 5%) = $8 / 5% = $160
b)
EPS = $12
Return on equity (ROE) = g / b 
b = retention rate = 1 - payout ratio = 1 - ($8/$12) = 0.333
g = 5%
ROE = 5% / 0.333 = 15%
c)
Present value of growth opportunity (PVGO) = P₀ - EPS/Re
- P₀ = $160
- EPS = $12
- Re = 10%
PVGO = $160 - $12/10% = $160 - $120 = $40 per share
 
        
             
        
        
        
Answer:
The answer is $762
Explanation:
Without doubt the 140 units on hand at month end would comprises of:
100 bought units on 1/28/13 for $5.50 each        $550
40 units purchased on 1/15/13 $5.30 each           $212
Total value of closing inventory                             $762
The value of closing inventory at the end of the month using FIFO method of valuing inventory is $762
FIFO First In First Out method assumes that the first sets of stock purchased are sold first which is in  sharp contrast with LIFO Last In First Out where the last sets of inventory are assumed to be sold first.
However, the LIFO method tends to overvalue inventory in a period of rising inflation