Please show me the calculation too, because I want to learn. Thank you Question 32 1...
please read the question carefully and answer it completly with NEAT hand writing. thank you 1. A machine that makes airplane parts (i.e. a welder) has a monthly peak demand of 5000 kW and a monthly reactive requirement of 6000 KVAR. Using the rate schedule below, what is the annual cost to this utility customer associated with power factror (PF) penalties? If compensation is available through the utility company at a cost of $2000 per 1000 KVAR increment and $3000...
Please show all steps so I can fully understand how to solve. thank you The following costs were incurred to complete 3 jobs during the year Direct materials Direct labour Job Al $2384 $4278 Job G1 $1272 $3351 Job A2 $3032 $2996 In addition, the supervisor's salary (who is responsible for monitoring the whole 3rd and 4th floors of the factory) is $82961. The journal entries for the year will include which of the following: Select one: a. A debit...
a= 120% Please assist with the red wrong boxes. Thank you. Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $23,400, direct labor $14,040, and manufacturing overhead $18,720. As of January 1, Job 49 had been completed at a cost of $105,300...
please help with these please i am so confused. please do all them. thank you. 14. The basis for recording direct and indirect labor costs incurred is a summary of the period a job order cost sheets b. time tickets c. employees' earnings records d clock cards 15. At the end of the fiscal year, the balance in Factory Overhead is small. This balance would normally be: a. transferred to Work in Process b. transferred to Cost of Goods Sold...
Please show all steps so I can fully understand how to solve. thank you Reese Ltd.'s records shows the following balances for the year 20x2: Direct materials, beginning inventory Direct materials, ending inventory Direct material purchases Advertising expense Indirect labour Selling costs Direct labour Property taxes on factory building $56004 81555 118979 274430 98173 47419 218714 15614 What were Reese's product costs for the year? Select one: a. $425929 b. $451480 $321849 d. 5312142
Please show work. Thank you Practice Problem 1 Journal Entries, T-Accounts, Disposition of Overhead, Income Statement At the beginning of the year, Polson Manufacturing Company had the following balances in its inventory accounts: Raw Materials S170,000 Work in Process 20,000 Finished Goods 45,000 Polson applies overhead on the basis of 150 percent of direct labor cost. During the year Polson experienced transactions as described below. a. Direct materials purchased, $280,000. b. Direct materials issued, $300,000. c. Indirect materials issued, $82,000....
please help with these please i am so confused. please do all them. thank you. Multiple Choice Idently the choice that best completes the statement or answer the question 1. What is the primary criterion for the preparation of managerial accounting reports? a. Relevance of the reports b. Meet the manager needs c. Timing of the reports d. Cost of the reports 2. Which of the following is considered a part of factory overhead cost? a. Sales commissions b. Depreciation...
Hello, I am having issues with this question. Please do show work, Thank you very much! Strategic Initiatives and CSR Get Hitched Inc. is a production company that is in the process of testing a strategic initiative aimed at increasing gross profit. The company's current sales revenue is $1,500,000. Currently, the company's gross profit is 35% of sales, but the company's target gross profit percentage is 40%. The company's current monthly cost of production is $975,000. Of this cost, 50%...
Please help me!! thank you! QUESTION 1 Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing (no indirect materials used). You will be keeping track of the costs incurred to manufacture the tables...
HEY, ALL I NEED IS THE LAST QUESTION PLEASE, THESE SCREENSHOTS ARE FOR TO HELP YOU UNDERSTAND WHAT HAS BEEN DONE BEFORE :D P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory Work...