1) Jensen Company reports the following: Direct materials used $345,000 Direct labor incurred 250,000 Factory overhead...
1) Jensen Company reports the following: Direct materials used $345,000 Direct labor incurred 250,000 Factory overhead incurred 400,000 Operating expenses 175,000 Jensen Company's product costs are
a. $770,000
b. $825,000
c. $995,000
d. $920,000
2) A corporation issues for cash $9,000,000 of 8%, 30-year bonds, interest payable semiannually. The amount received for the bonds will be
a.present value of 30 annual interest payments of $720,000
b.present value of 60 semiannual interest payments of $360,000, plus present value of $9,000,000 to be repaid in 30 years
c.present value of $9,000,000 to be repaid in 30 years, less present value of 60 semiannual interest payments of $360,000
d.present value of 30 annual interest payments of $360,000, plus present value of $9,000,000 to be repaid in 30 years
Homework Answers
1.
Jensen Company's product costs
= Direct materials used + Direct labor incurred + Factory overhead incurred
= $345,000 + $250,000 + $400,000
= $995,000
The correct answer is c.
Add Answer to:
1) Jensen Company reports the following: Direct materials used
$345,000 Direct labor incurred 250,000 Factory overhead...
QUESTION 3 Jensen Company reports the following: Direct materials used Direct labor incurred Factory overhead incurred...
QUESTION 3 Jensen Company reports the following: Direct materials used Direct labor incurred Factory overhead incurred Operating expenses $345,000 250,000 400,000 175,000 Jensen Company's period costs are a. $250,000 b. $400,000 c. $345,000 d. $175,000
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if
$691,000 of 8% bonds are issued at 94, what is the amount of cash
recieved from the sale ?
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