Homework Answers
| Particulars | Amount | ||||
| Opening Work in Progress | 138000 | ||||
| Add: Total Manufacturing Costs | 577000 | ||||
| Less: Closing Work in Progress | XX | (To find out) | |||
| Cost of Goods Manufactured | 580000 | ||||
| Opening WIP+Total Manufacturing Cost-Closing WIP=Cost of Goods Manufactured | |||||
| 138000+577000-Closing WIP=580000 | |||||
| 715000-Closing WIP=580000 | |||||
| Closing WIP=715000-580000 | |||||
| Closing WIP=715000-580000 | |||||
| Closing WIP=135000 | |||||
| Answer is $135000/- | |||||
Add Answer to:
Multiple Choice Question 132 O $150000. O $135000. O $141000. O $120000 Question Aftempts 0 of...
Multiple Choice Question 57 Cullumber Company purchases land for $120000 cash. Cullum ber assumes $5100 in...
Multiple Choice Question 57 Cullumber Company purchases land for $120000 cash. Cullum ber assumes $5100 in property taxes due on the land. The title and attorney fees totaled $2300. Cullumber has the land graded for $3600. They paid $18000 for paving of a parking lot. What amount does Cullumber record as the cost for the land? $125900. $131000. O$149000. $120000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of used SAVE...
Multiple Choice Question 98 The following information is available for Vaughn Manufacturing: $150000 Sales Cost of...
Multiple Choice Question 98 The following information is available for Vaughn Manufacturing: $150000 Sales Cost of goods sold $600000 400000 Total fixed expenses Total variable expenses 350000 A CVP income statement would report gross profit of $200000. gross profit of $250000. contribution margin of $250000. O contribution margin of $450000.
New Multiple Choice Question 30 Acompany's planned activity level for next year is expected to be...
New Multiple Choice Question 30 Acompany's planned activity level for next year is expected to be 100000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs Variable Indirect materials Indirect labor Factory supplies $40000 100000 10000 Depreciation Tees Supervision $60000 10000 50000 Afble budget prepared at the 50000 machine hours level of activity would show to manufacturing overhead costs of $240000 O $216000 O $120000 O $150000 Click you would like to Show Work...
Multiple Choice Question 36 For Buffalo Co., at a sales level of 4000 units, sales is...
Multiple Choice Question 36 For Buffalo Co., at a sales level of 4000 units, sales is $75000, variable expenses total $50000, and fixed expenses are $21000. What is the contribution margin per unit? o $5.25 O $12.5 O $6.25 O $18.75 Question Attempts: 0 of 1 used SAVE FOR LATER SUBMET ANSWER SUBMIT ANSWER
Multiple Choice Question 132 Betsy Union is the Swifty Corporation manager and her performance is evaluated...
Multiple Choice Question 132 Betsy Union is the Swifty Corporation manager and her performance is evaluated by executive management based on Division ROI. The current controllable margin for Swifty Corporation is 36000. Its current operating assets total $210000. The division is considering purchasing equipment for $40000 that will increase sales by an estimated $14000, with annual depreciation of $14000. If the equipment is purchased, what will happen to the return on investment for the division? O A decrease of 2.7%...
Multiple Choice Question 132 How much sales are required to earn a target income of $249600...
Multiple Choice Question 132 How much sales are required to earn a target income of $249600 if total fixed costs are $312000 and the contribution margin ratio is 40%? $624000 $936000 $1404000 $1029600 LINK TO TEXT
Multiple choice question CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 103 SheridanCompany is authorized to...
Multiple choice question
CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 103 SheridanCompany is authorized to issue 10000 shares of 1000096, $100 par value preferred stock and 458000 shares of no-par common stock with a stated value of $1 per share. If Sheridan issues 5000 shares of preferred stock for land with an asking price of $569000 and a market value of $542000, which of the following would be the journal entry for Sheridan to record? O Land O Land...
Multiple Choice Question 215 Sandhill Co. issued $750000 of 8%, 5-year bonds at 104, which pay...
Multiple Choice Question 215 Sandhill Co. issued $750000 of 8%, 5-year bonds at 104, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds? O $270000 O $300000o O $240000 O $330000 Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER SUBMIT ANSWER
Multiple Choice Question 132 An unrealized loss account on available-for-sale securities is reported under Other Expenses...
Multiple Choice Question 132 An unrealized loss account on available-for-sale securities is reported under Other Expenses and Losses in the income statement. closed-out at the end of the accounting period. reported as a separate component of stockholders' equity deducted from the cost of the investment.
MULTIPLE-CHOICE QUESTION Which of the following is established in Article I of the Constitution? the president's...
MULTIPLE-CHOICE QUESTION Which of the following is established in Article I of the Constitution? the president's authority to fill judicial vacancies when the Senate is in recess the enumerated powers of Congress the definition of treason the legal status of the Constitution as the supreme law of the land Save MULTIPLE-CHOICE QUESTION icle of the Constitution establishes the Supreme Court? MULTIPLE-CHOICE QUESTION Which article of the Constitution establishes the Supreme Court? Article l Article II Article ll Article IV MULTIPLE-CHOICE...
Multiple Choice Question 57 Cullumber Company purchases land for $120000 cash. Cullum ber assumes $5100 in property taxes due on the land. The title and attorney fees totaled $2300. Cullumber has the land graded for $3600. They paid $18000 for paving of a parking lot. What amount does Cullumber record as the cost for the land? $125900. $131000. O$149000. $120000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of used SAVE...
Multiple Choice Question 98 The following information is available for Vaughn Manufacturing: $150000 Sales Cost of goods sold $600000 400000 Total fixed expenses Total variable expenses 350000 A CVP income statement would report gross profit of $200000. gross profit of $250000. contribution margin of $250000. O contribution margin of $450000.
New Multiple Choice Question 30 Acompany's planned activity level for next year is expected to be 100000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs Variable Indirect materials Indirect labor Factory supplies $40000 100000 10000 Depreciation Tees Supervision $60000 10000 50000 Afble budget prepared at the 50000 machine hours level of activity would show to manufacturing overhead costs of $240000 O $216000 O $120000 O $150000 Click you would like to Show Work...
Multiple Choice Question 36 For Buffalo Co., at a sales level of 4000 units, sales is $75000, variable expenses total $50000, and fixed expenses are $21000. What is the contribution margin per unit? o $5.25 O $12.5 O $6.25 O $18.75 Question Attempts: 0 of 1 used SAVE FOR LATER SUBMET ANSWER SUBMIT ANSWER
Multiple Choice Question 132 Betsy Union is the Swifty Corporation manager and her performance is evaluated by executive management based on Division ROI. The current controllable margin for Swifty Corporation is 36000. Its current operating assets total $210000. The division is considering purchasing equipment for $40000 that will increase sales by an estimated $14000, with annual depreciation of $14000. If the equipment is purchased, what will happen to the return on investment for the division? O A decrease of 2.7%...
Multiple Choice Question 132 How much sales are required to earn a target income of $249600 if total fixed costs are $312000 and the contribution margin ratio is 40%? $624000 $936000 $1404000 $1029600 LINK TO TEXT
Multiple choice question
CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 103 SheridanCompany is authorized to issue 10000 shares of 1000096, $100 par value preferred stock and 458000 shares of no-par common stock with a stated value of $1 per share. If Sheridan issues 5000 shares of preferred stock for land with an asking price of $569000 and a market value of $542000, which of the following would be the journal entry for Sheridan to record? O Land O Land...
Multiple Choice Question 215 Sandhill Co. issued $750000 of 8%, 5-year bonds at 104, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds? O $270000 O $300000o O $240000 O $330000 Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER SUBMIT ANSWER
Multiple Choice Question 132 An unrealized loss account on available-for-sale securities is reported under Other Expenses and Losses in the income statement. closed-out at the end of the accounting period. reported as a separate component of stockholders' equity deducted from the cost of the investment.
MULTIPLE-CHOICE QUESTION Which of the following is established in Article I of the Constitution? the president's authority to fill judicial vacancies when the Senate is in recess the enumerated powers of Congress the definition of treason the legal status of the Constitution as the supreme law of the land Save MULTIPLE-CHOICE QUESTION icle of the Constitution establishes the Supreme Court? MULTIPLE-CHOICE QUESTION Which article of the Constitution establishes the Supreme Court? Article l Article II Article ll Article IV MULTIPLE-CHOICE...
Most questions answered within 3 hours.
-
A battery has an
internal resistance of 0.20 Ώ. A number of 3 identical light bulbs,...
asked 20 minutes ago -
German cheese producer has recently expanded its business
activities to Norway and Denmark. Local subsidiaries of...
asked 15 minutes ago -
Below is the Netbeans source code of an Abstract factory
project,
Using the code in netbeans,...
asked 17 minutes ago -
I'm trying to make a recursive binary search that checks whether
or not the words in...
asked 20 minutes ago -
an
entrepreneur has been primarily associated with the willingness to
A)
possess a government job
b)...
asked 23 minutes ago -
Write
down your solution for this assignment, take a picture and submit
on canvas. Typed answers...
asked 24 minutes ago -
Draw the molecules from the IUPAC names:
a)(2S)-2bromo-4-methylhexane
b)(R,E)-6-aminohept-2-en-4-one
c)(1R,3R)-3-methylcyclopentane-1-ol
d)(2S,3S)-2,3-dihydroxysuccinic and
asked 35 minutes ago -
A piston-cylinder assembly contains 0.5 kg of water. Initially,
the piston is resting against the stops...
asked 37 minutes ago -
A first-order reaction has a rate constant of 1.35 x 102 s-1 at
25.0 oC (298...
asked 44 minutes ago -
At what velocity (in revolutions per minute) will the peak
voltage of a generator be 485...
asked 1 hour ago -
Solve the problem.
The events A and B are mutually exclusive. If P(A) = 0.1 and...
asked 1 hour ago -
QUESTION 7
A. If you were doing a study on an orange species, and
a brown...
asked 1 hour ago