Answer:
$180,000
Explanation:
Goodwill = Purchase Price - Net Assets Taken over at Fair Value
where,
Purchase Price = $635,000
Net Assets Taken over at Fair Value = $ 500,000 - $45,000 = $455,000
therefore,
Goodwill = $635,000 - $455,000 = $180,000
No, because the date is there to help you stay on track
Answer:
Total work in process = $12,900
Explanation:
Provided information,
Cost incurred during the month on this order
Direct Materials = $2,100
Direct Labor = $3,600
Provided overheads are 200% of the direct labor cost = $3,600 200% = $7,200
Thus month end balance of work in process = $2,100 + $3,600 + $7,200
Total work in process = $12,900
Note: additional information regarding expenses to be incurred is to be ignored, and the above value is the value of work in process.
Total work in process = $12,900
Answer: 8 hours
Using only three activity time estimations, the expected time for this job can be estimated using a mean or a median. If we use the mean, we add 3 estimates ((6,8 and (16+8)) and divide the sum by 3 (equals 13). If we use the median, expected time is 8 hours. In this case, where have extreme estimates, it is better to use the median, the number halfway in to the set which is 8.