True or False: As the cost of capital decreases, so does the value of the firm. Group of answer choices True False

Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun

ohaa [14]

Answer and Explanation:

As per the given question the solution of missing amount for each letter is provided below:-

Case A Case B

Direct material used a $49,350 $93,400

Direct Labor $56,000 $146,100

Manufacturing overhead

applied $44,800 d $116,880

Total manufacturing

cost $150,150 e $356,380

Work in process 1/1/20 b $55,750 $16,800

Total cost of work in

process $205,900 f $373,180

Work in process

12/31/20 c $11,600 $15,400

Cost of goods

manufactured $194,300 g $357,780

Working Note

a. Direct materials used = Total manufacturing costs - Manufacturing overhead applied - Direct labor

= $150,150 - ($56,000 + $44,800)

= $150,150 - $100,800

= $49,350

b. Works in process 1/1/20 = Total cost of works in process - Total manufacturing costs

= $205,900 - $150,150

= $55,750

c. Works in process 12/31/20 = Total cost of works in process - Cost of goods manufactured

= $205,900 - $194,300

= $11,600

d. Manufacturing overhead applied = $44,800 ÷ $56,000

= 80%

For case B the manufacturing overhead applied = 80% × $146,100

= $116,880

e. Total manufacturing costs = Direct materials used + Direct Labor + Manufacturing overhead applied

= $93,400 + $146,100 + $116,880

= $356,380

f. Total cost of work in process = Total manufacturing costs + Works in process 1/1/20

= $356,380 + $16,800

= $373,180

g. Cost of goods manufactured = Total cost of work in process - Works in process 31/12/20

= $373,180 - $15,400

= $357,780

Therefore to reach the missing amounts we simply use the working notes.

8 0

2 years ago

Different customer statement types are available to suit different client situations. Heather wants to help her client send out

motikmotik

Answer: b. Open Item

Explanation:

The statement that Heather wants to help a client send out is to include unpaid invoices, unapplied payments, and Credit Memos which are essentially signs that the creditor has not been paid.

An open item statement would therefore work best because it is to include open accounts that are yet to be paid so will include all those entries described above.

8 0

2 years ago

By january 2014 the us population had grown to 317.3 million and the us federal debt was a reported $17.3 trillion. calculate th

Fudgin [204]

Per capita means per person. You would take the total debt and divide by the number of people. That will give you federal debt per capita.

3 0

3 years ago

How can formal business documents help managers solve problems?

REY [17]

the correct answer is b

7 0

3 years ago

Read 2 more answers

Mr. Manning is looking to invest in a one-year stock option and has four possible options. The four options have various rates o

ELEN [110]

Answer:

Mr. Manning

a. YHA is the best expected value decision with an expected value of $59,766.

b. HTC is the worst expected value decision.

Explanation:

a) Data and Calculations:

Stock Market Rising Market Stable Market Falling

SUA $68,082 $47,373 $36,362

YSP $64,850 $49,320 $44,865

HTC $57,198 $52,949 $50,605

YHA $59,766 $59,766 $59,766

Expected Value:

Stock Market Rising Market Stable Market Falling Expected Value

Probability 60% 30% 10%

SUA $68,082*60% $47,373*30% $36,362*10% = $58,697

YSP $64,850*60% $49,320*30% $44,865*10% = 58,163

HTC $57,198*60% $52,949*30% $50,605*10% = 55,264

YHA $59,766*60% $59,766*30% $59,766*10% = 59,766

SUA = $40,849.20 + $14,211.90 + $3,636.20 = $58,697.30

YSP = $38,880 + $14,796 + $4,486.50 = $58,162.50

HTC = $34,318.80 + $15,884.70 + $5,060.50 = $55,264

YHA = $35,859.60 + $17,929.80 + $5,976.60 = $59,766

6 0

2 years ago