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Vilka [71]
2 years ago
11

The wireone company manufactures high-quality coated electrical wire in two departments, weaving and coating. materials are intr

oduced at various points during work in the weaving department. after the weaving is completed, the materials are transferred into the coating department, where specialty plastic coating is applied.
Business
1 answer:
storchak [24]2 years ago
6 0
<h2><u>Answer:</u></h2>

Equal Units; Assigning Costs—Weighted-Average Method [LO2, LO3, LO4, LO5] The WireOne Company makes high caliber covered electrical wire in two offices, Weaving and Coating. Materials are presented at different focuses amid work in the Weaving Department.

After the weaving is finished, the materials are moved into the Coating Department, where strength plastic covering is connected. Chosen information identifying with the Weaving Department amid May are given underneath:

The organization utilizes the weighted-normal strategy. Required: 1. Figure the proportional units of creation. 2. Register the expenses per proportional unit for May. 3. Decide the expense of completion work in procedure stock and of the units exchanged to the Coating Department. 4. Set up a cost compromise between the costs decided in (3) above and the expense of starting stock and expenses included amid the period.

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Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Michael Mirer worked for Dawson Company for six months t
lisov135 [29]

Answer:

$83.4

Explanation:

Under FUTA, only the first $7000 earning per year will be taxed. Any amounts above $7000 will be tax-exempt.

For Michael, the tax will be calculated as follows.

for the$11200 earned in Dawson company

=0.6% x $7000

=0.06/100 x 7000

=0.006 x 7000

=$42

Amount earned working at McBribe

=0.06% x 6900

=0.006 x $6900

=$41.4

Total to be paid by the two companies

=$42 + $ 41.4

=$83.4

5 0
2 years ago
The balance sheet of Flo's Restaurant showed total assets of $600,000, liabilities of $160,000 and stockholders’ equity of $540,
telo118 [61]

Answer:

C. $250000

Explanation:

Given:

Total assets = $600,000

Liabilities = $160,000

Stockholders’ equity = $540,000.

Fair value of the restaurant assets = $680,000

Alice Company pays = $770,000

Goodwill is when a company looking to acquire another company is willing to pay a price significantly higher than the fair market value of the company’s net assets.

Net Assets = Fair value of assets - Total Liabilities

= $680000 - $160,000

= $520,000

Amount of Goodwill = cash paid - net assets

= $770,000 - $520,000

= $250000

4 0
2 years ago
Carlos Consulting Inc. provides financial consulting and has collected the following data for the next year’s budgeted activity
ipn [44]

Answer:

1. 40%

2. $1140

Explanation:

1. The material loading charge usually covers the costs of purchasing, receiving, handling, and storing materials, plus any desired profit margin on the materials themselves and expressed as a percentage of the total estimated costs of parts and materials for the year.

Step 1

Compute the supply cost:

Supply cost = Supply clerk’s wages + Fringe benefits of supply + Related overhead of supply

Supply cost = $18,000 +  $4,000 + $20,000 = $42,000

Step 2

Calculate the material loading charge:

material loading charge = ((supply costs/Total estimated material cost)×100) + Profit margin on materials

Material loading charge = (($42,000/$168,000)×100) + 15%

Material loading charge = 25% + 15% = 40%

The material loading charge is 40%

2. Calculating the Client's bill

Step 1

Calculate the estimated consultant cost (ECC):

ECC = Consultants’ wages + Fringe benefits for consultant + Related overhead for consultant

ECC = $90,000 + $22,500 + $17,500 = $130,000

estimated consultant cost = $130,000

Step 2

Calculate the total price per consulting hours (PCH)

Cost per consulting hour = estimated consultant cost /Total estimated consulting hours

Cost per consulting hour =  $130,000/5,000 = $26

Price per consulting hours = Cost per consulting hour + Profit margin per hour

Price per consulting hours = $26 + $20 = $48

total price per consulting hours = Price per consulting hours × 20

total price per consulting hours = $48 × 20 = $960

Client's bill = total price per consulting hours + $180 of materials

Client's bill = $960 + $180 = $1140

The client's bill is $1140

3 0
2 years ago
Joseph purchased 100 shares of abcd growth fund for $10.00 per share for a total investment of $1,000. at the end of one year, h
lys-0071 [83]
It is given that Joseph purchased 100 shares of ABCD Growth Fund for a price of $10.00 per share with a total investment of $1,000. At the end of the year he sold his investment for $11.20 per share. Find the total capital gain.

To get the capital gain, compute the total price in which Joseph sold his investment.

$11.20 x 100 = $1,120

Subtract the answer to the total price bought by Joseph
$1,120 - $1,000 = $120

The total capital gain is $120
8 0
2 years ago
U.S. Bank enters into a new contract with Risk Management Services, Inc. (RMS), to conduct UCC searches. They have never employe
nikitadnepr [17]

Answer:

The court will probably look at the custom usage of trades on similar contracts and provisions.

Explanation:

Usage of trade refers to business practices that are so commonly accepted and carried out that anyone can expect that they are included in the transactions.

3 0
2 years ago
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