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3 years ago

8

5. A city received a grant of $5,000,000 from a private agency. The money was to be used to build a new city library. In which f

und should the money be recorded for the Fund-Based Financial Statements?

1 answer:

Rudiy273 years ago

6 0

Answer:

4 500 000

Explanation:

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A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

ZanzabumX [31]

Answer:

$71,240

Explanation:

The computation of the total gross margin under absorption costing is shown below:

As we know that

Gross Margin = Sales - Variable Manufacturing Cost - Fixed Manufacturing Overhead For Units Sold

Sales (2,740 units × $131) $358,940

Less Manufacturing Costs

Direct Materials (2,740 units × $44) $120,560

Direct Labor (2,740 units × $19) $52,060

Variable Manufacturing Overhead (2,740 units × $13) $35,620

Fixed Manufacturing Overhead ($85,260 ÷ 2,740 units ÷ 2,940 units) $79,460

Gross Margin $71,240

We simply applied the above formula

6 0

4 years ago

Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product

Lorico [155]

A) Direct labor hrs for car wheels = estimated wheels *direct labor per wheel

40,000 *1hr = 40,000

Direct labor hrs for Truck

10,000 * 3hr= 30,000

total direct labor hrs 40,000+30,000 = 70,000 hrs

Overhead rate is total est oh cost/ total direct labor hrs

770,000/70,000= 11.00

B) Car truck wheels 40,000*11 =440,000

Truck wheels 10,000*11=110,000

6 0

3 years ago

Services differ from manufacturing for all of the following reasons EXCEPT: a. Heterogeneity b. Time-perishable capacity c. Simu

wolverine [178]

Answer:C. Simultaneous production and consumption.

Explanation:

Production and consumption occuring at the same time will not make products to differ.

Heterogenity which refers to different qualities in firms will lead to different products. Time perishable capacity which means idle time during low patronage will still allowed products differences, Abilities to limit the discretionary input of personnel will not debar product differences and Customer provides significant input into the process will allowed products differences.

4 0

3 years ago

At the beginning of the period, there were 500 units in process that were 60% complete as to conversion costs and 100% complete

elena-s [515]

I think the answer is probably C

6 0

3 years ago

What is the difference between the personal contact model of communicating on the Web and the mass media approach?

stellarik [79]

Answer:

Social media relates to all the technology that makes information sharing possible via the Internet. It is largely based on subject matter that users create and share.

Explanation:

Mass media approach: One-to-many

Personal contact approach: one-to-one.

Difference: Sellers are involved in mass media; buyers exchange information passively. Seller and buyer are both active on PC.

It is also the primary communication means used to meet the vast majority of the population. Newspapers, journals, radio, TV and the internet are the most prominent mass media channels.

6 0

3 years ago