answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Olin [163]
2 years ago
13

Gallon Corporation had $24,000 of raw materials on hand on April 1. During the month, the Corporation purchased an additional $5

2,000 of raw materials. During April, $62,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $2,000. The debits to the Work in Process account as a consequence of the raw materials transactions in April total: Multiple Choice $62,000 $52,000 $60,000 $0
Business
2 answers:
mylen [45]2 years ago
5 0

Answer:

$62,000

Explanation:

Total materials - indirect materials

=62,000- 2000= $62,000

strojnjashka [21]2 years ago
4 0

Answer:

C-  $60,000

Explanation:

Description                                       Amount

Total material requisitioned            $62,000

less indirect materials                        $2,000

Total raw materials debited

to work in progress                          $60,000

You might be interested in
Josie wants to develop genetically altered plants to help increase plants’ growth and resilience. Which level of education would
Verdich [7]
A master’s degree....
6 0
2 years ago
Read 2 more answers
What do firms stand to gain by increasing their market power?<br>​
balu736 [363]

Increasing market power allows firms to raise prices and not lose customers. This is a way to increase revenues without increasing cost.

8 0
2 years ago
A company uses an activity-based costing system composed of three processes: tooling, processing, and resources. The company has
Serga [27]

Answer:

d. $520,000

Explanation:

Provided information,

Activities                         Cost                  Cost drivers

Tooling                      $500,000                  25 setups

Processing               $2,000,000                20,000 direct labors

Resources                  $800,000                 40,000 square feet

Rate per activity

Tooling = \frac{500,000}{25} = $20,000 per setup

Processing = \frac{2,000,000}{20,000} = 100 per labor hour

Resources = \frac{800,000}{40,000} = 20 per feet.

Information for Product D

3 setups = 3 \times $20,000 = $60,000

3,000 direct labor hours = 3,000 \times $100 = $300,000

8,000 square feet = 8,000 \times $20 = $160,000

Total overhead cost assigned = $60,000 + $300,000 + $160,000 = $520,000

3 0
2 years ago
Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $270,000. During June
nika2105 [10]

Answer and Explanation:

The preparation of flexible budget report is shown below:-

                                              Xion CO.

                                   Flexible budget report

                   Flexible budget    Actual results   Variances  Favorable/

                                                                                           Unfavorable

Sales             $864,000              $885,000        $21,000    Favorable

                   (10,800 × $80)

(-) Variable

cost            $378,000               $351,000          $27,000   Favorable

                    (10,800 × $35)

Contribution  $486,000             $534,000         $48,000   Favorable

(-) Fixed cost   $270,000            $285,000         $15,000   Unfavorable

Net income    $216,000              $249,000           $33,000  Favorable

8 0
2 years ago
Bendel Inc. has an operating leverage of 5.9. If the company's sales increase by 10%, its net operating income should increase b
Tasya [4]

Answer:

The operating Income should increase by about 59.0%.

Explanation:

Degree of Operating Leverage = % Change in EBIT / % Change in Sales

5.9 = % Change in EBIT / 10%

% Change in EBIT = 5.9 * 10% = 59.0%

8 0
2 years ago
Other questions:
  • what percentage of motorists have witnessed an act of aggressive driving in the past year, according to the Citizens For Roadsid
    13·2 answers
  • During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. Inventory at the start of the yea
    11·1 answer
  • 16. You must maintain a minimum balance of $50 in your checking account. You currently have a balance of $280. a. Write and solv
    13·1 answer
  • Since PepsiCo is a U.S. company doing business in Russia, it is likely that the company's discrimination policies for Russian fa
    14·1 answer
  • Your grandfather wants to establish a scholarship in his father’s name at a local university and has stipulated that you will ad
    12·1 answer
  • Elinore is asked to invest $ 4 comma 900 in a​ friend's business with the promise that the friend will repay $ 5 comma 390 in on
    13·1 answer
  • Carol Mann and Gerald Harris worked for Helmsley-Spear, Inc. (HSI), as managers for various HSI properties. In 2005 each receive
    14·1 answer
  • Mesa Telcom has three divisions, commercial, retail, and consumer, that share the common costs of the company's computer server
    6·1 answer
  • Alex is a member of Government Accounting Standard Body (GASB). This accounting body is not a government entity. GASB has been f
    15·1 answer
  • In 2007, Terry Inc. provided the following items in their footnotes. Their cost of goods sold was $22 billion under FIFO costing
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!