Answer:
Dieker Company
<u>Job Cost Sheet of </u>
Job1 Job2 Job3
Materials $970 $ 1520 $ 810
Factory Labor $2390 $ 1730 $1560
General Factory
Indirect material $ 660 $ 660 $ 660
<u>Indirect labor $ 1920 $ 1920 $ 1920</u>
<u>Total $ 5940 $5830 $ 4950</u>
Cost of Job 1
Materials $ 970
Factory Labor $ 2390
G. Factory <u> $ 2580</u>
Total $ 5940
Cost of Job 2
Materials $ 1520
Factory Labor $ 1730
G. Factory <u> $ 2580</u>
Total $ 5830
Cost of Job 3
Materials $ 810
Factory Labor $ 1560
G. Factory <u> $ 2580</u>
Total $ 4950
Explanation:
The computation is shown below:
a. Net purchase
= Purchase - Purchase Returns and Allowances - Purchase Discounts + Freight in
= $330,000 - $8,000 - $6,000 + $12,000
= $328,000
b. The cost of goods available for sale is
= Beginning inventory + purchase
= $50,000 + $328,000
= $378,000
c. The cost of goods sold is
= The cost of goods available for sale - ending inventory
= $378,000 - $80,000
= $298,000
Answer: C
Explanation:
Since he turned it down, he must have less money to use with it. There would be no other reason for him to turn it down. Therefore, the project value is negative.
Answer: $2100
Explanation:
From the question, we are informed that Oakley Company does not ring up sales taxes separately on the cash register and that the total receipts for February amounted to $32,100 and the sales tax rate is 7%.
The amount that must be remitted to the state for February's sales taxes will be:
= $32,100/(1+7%) × 7%
= $32100/(1 + 0.07) × 0.07
= $32100/1.07 × 0.07
= $2100
