Business, 17.10.2019 21:00 messyquestions
Somerset company acquired a piece of equipment with a list price of $200,000 for $150,000. freight to somerset's location was $7,000. installation and testing costs were $10,500. an old piece of equipment was scrapped as a result of this new purchase. the old piece of equipment had an undepreciated value (net book value) of $8,000. the new piece of equipment is expected to have a 10 year life and a salvage value of $15,000. what is the total value assigned to the new piece of equipment?
Answers: 3
Another question on Business
Business, 22.06.2019 10:30
Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?
Answers: 2
Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
Business, 22.06.2019 17:30
According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%
Answers: 1
Business, 22.06.2019 22:00
Brody corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. beginning inventory for january consisted of 1,050 units that were 65% completed. 10,900 units were started into the process during january. on january 31, the inventory consisted of 500 units that were 50% completed. what would be the equivalent units for direct materials cost using the weighted average method?
Answers: 2
You know the right answer?
Somerset company acquired a piece of equipment with a list price of $200,000 for $150,000. freight t...
Questions
English, 17.10.2021 14:00
Mathematics, 17.10.2021 14:00
Mathematics, 17.10.2021 14:00
English, 17.10.2021 14:00
Mathematics, 17.10.2021 14:00
Biology, 17.10.2021 14:00
Mathematics, 17.10.2021 14:00
Computers and Technology, 17.10.2021 14:00
Physics, 17.10.2021 14:00
Mathematics, 17.10.2021 14:00
