Answer:
Given that,
Cost of goods manufactured = $1,486,000
Cost of goods sold (unadjusted) = $1,337,000
Therefore, the journal entry for the transfer of completed goods from WIP to Finished goods is as follows:
Finished Goods A/c Dr. $1,486,000
To Work in process $1,486,000
(Being transfer of completed goods from work in process to finished goods recorded)
Answer:
$50,800
Explanation:
Security Cost Fair value Gain(loss)
X 371,000 343,500 -27,500
Y 185,000 162,400 -22,600
Z <u>424,000</u> <u>407,800</u> <u>-16,200 </u>
Total <u>980,000</u> <u>913,700</u> <u>-66,300</u>
Unrealized holding loss on Income statement ended June 30,2021 = $66,300 - $15,500 = $50,800
Answer:
$2,800
Explanation:
The computation of the increase in consumption is shown below:
= Marginal propensity to consume × rise in income
= 0.70 × $4,000
= $2,800
Hence, the consumption would be increased by $2,800
We simply applied the above formula i.e. marginal propensity to consume is multiplied with the rise in income so that the correct answer could come
Answer:
Payback period is 6.5625 years
Explanation:
All amounts are in $
Item outflow inflow balance
Year 0 387,000 0 (387,000)
Year 1 0 64,000 (323,000)
Year 2 0 64,000 (259,000)
Year 3 0 64,000 (195,000)
Year 4 0 64,000 (131,000)
Year 5 0 64,000 (67,000)
Year 6 0 64,000 (3,000)
The remaining $3000 will flow in
= (3000/64000) × 12
= 0.5625
Payback period is 6.5625 years
The statement III Aggregate plans often perform planning for fictitious/abstract products.
Combination-making plans refer back to the method of developing, retaining, and reading the approximate scope of the operations of a commercial enterprise corporation. It commonly includes targeted profits forecasts, stock stages, and manufacturing levels.
Aggregate planning is typically finished 365 days into the destiny. a few examples of combination making plans are hiring short people, shedding employees for a selected period, or bypassing education. This works as a powerful benchmark for diploma beneficial resource utilization and implementation.
The time period mixture means that the making of plans is completed for a single traditional measure of output or, on the maximum, a few aggregated product lessons. The purpose of aggregate planning is to set traditional output ranges within the near medium destiny in the face of fluctuating or unsure needs.
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