Cost relationships; normal costing systemmcallister. incl employs a normal costing system. the following information pertains to the year just ended.- total manufacturing costs were $2,500,000.0 cost of goods manufactured was $2,425,000.0 applied manufacturing overhead was 30 percent of total manufacturing costs.0 manufacturing overhead was applied to production at a rate of 80 percent of direct-labor costs- work-in-process inventory on january 1 was 75 percent of work-in-process inventory on december 31.required: 1. compute the total direct-labor cost for the year.1 calculate the total cost of direct material used during the year.3. compute the value of the company's work-in-process inventory on december 31.
Answers: 3
Business, 22.06.2019 13:50
The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.
Answers: 1
Business, 22.06.2019 20:30
Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:
Answers: 2
Business, 22.06.2019 21:30
Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.
Answers: 1
Business, 23.06.2019 02:50
Ll companies has sales of $9,800, net income of $1,060, total assets of $8,950, and total debt of $4,760. assets and costs are proportional to sales. debt and equity are not. a dividend of $371 was paid, and the company wishes to maintain a constant payout ratio. next year's sales are projected to be $10,584. what is the amount of the external financing need?
Answers: 3
Cost relationships; normal costing systemmcallister. incl employs a normal costing system. the foll...
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