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3 years ago

The following information relates to the Matthew Young Company.

Business

1 answer:

zvonat [6]3 years ago

5 0

Answer:

year 2016 $ 68,400

year 2017 $ 99,488

year 2018 $ 97,076

year 2019 $ 109,704

year 2020 $ 95,602

Explanation:

2016: year-base the nominal is the same as the ending

2017:

122,744 x 100/134 = 91,600

second layer:

91,600 - 68,400 = 23,200

ending inventory

base layer 68,400

23,200 x 134/100 = 31,088

total 99,488

2018:

132,904 /1.48 = 89,800

89,800 - 68,400 = 21.400

21,400 x 1.34 = 28,676

68,400 + 28,676 = 97,076

2019:

150,920 / 1.54 = 98,000

98,000 - 68,400 = 29,600

29,600 - 21,400 = 8,200

Layers

68,400 x 100/100 = 68,400

21,400 x 134/100 = 28,676

8,200 x 154/100 = 12,628

Ending Inv 109,704

2020:

141,920 / 1.60 = 88,700

88,700 - 68,400 = 20,300

Layers:

68,400 x 100/100 = 68,400

20,300 x 134/100 = 27,202

Ending Inventory 95,602

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1 year ago

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3 years ago

On July 1, 2010, Ellison Company granted Sam Wine, an employee, an option to buy 400 shares of Ellison Co. stock for $30 per sha

gregori [183]

Answer:

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Explanation:

Solution

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3 years ago

During 2017, Ziplock Manufacturing expected Job No. 89 to cost $700,000 in overhead, $1,000,000 in direct materials, and $500,00

irga5000 [103]

Answer:

a. not able to be determined from the provided information.

Explanation:

For determining the over applied or under applied, first, we have to compute the predetermined rate based on the direct material cost which is

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= $0.70 × $1,200,000

= $840,000

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So, in this case, the correct option is a.

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3 years ago

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lianna [129]

The bond payments are more predictable than stocks because bond owners know the size and timing of payments they will receive.

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Therefore, the Option C is correct.