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Gnoma [55]
2 years ago
10

Woodcarving Co. incurred the following costs during May: Conversion costs $ 476,500 Prime costs 403,750 Manufacturing overhead 3

20,500 What was the amount of direct materials and direct labor used in May? Direct materials Direct labor A. $ 111,000 $ 292,750 B. $ 116,000 $ 209,500 C. $ 247,750 $ 156,000 D. $ 81,000 $ 86,000
Business
1 answer:
faust18 [17]2 years ago
7 0

Answer:

The correct answer is C

Explanation:

With the following information, we need to calculate the direct materials and direct labor:

Woodcarving Co. incurred the following costs during May:

Conversion costs $ 476,500

Prime costs 403,750

Manufacturing overhead 320,500

We know that:

Conversion cost= direct labor + Manufacturing overhead

476500= direct labor + 320500

direct labor= $156000

Prime costs= direct materials + direct labor

403750= direct materials + 156000

direct labor= $247750

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Amara has taken out a fixed rate mortgage for $125,000 at 4.04% for 20 years, or 240 months. Her payments are $730. What is the
Assoli18 [71]

Answer:

`175,200$

Explanation:

730x240= Answer

3 0
2 years ago
Micromedia offers computer training seminars on variety of topics. In the seminars each student works at a personal computer, pr
Fiesta28 [93]

Answer:

Explanation:

a. Total cost=4800+30*2*x=4800+60x

The cost for the conference room, instructor compensation, lab assistants, and promotion is $4800

Computer rental - $30 per day

Length of seminar - 2 days

X - number of  students

b. total profit = revenue-costs incurred = 300x-(4800+60x)=240x-4800

Projected fee - $300 per student

c. If 30 students enrolled

profit=240*30-4800=7200-4800=2400

d. 240x-4800=0

x=4800/240=20

break-even point is 20, it is point at with profit will equal zero

5 0
1 year ago
Nagel Equipment has a beta of 0.88 and an expected dividend growth rate of 4.00% per year. The T-bill rate is 4.00%, and the T-b
Luda [366]

Answer:

Option (e) is correct.

Explanation:

Given that,

Beta = 0.88

Expected dividend growth rate = 4.00% per year

T-bond rate = 5.25% (The treasury bonds are always the risk free rate)

Average annual future return on the market = 14.75%

Required rate of return:

= Risk free rate + Beta × (Market rate - Risk free rate)

= 5.25 + 0.88 × (14.75 - 5.25)

= 5.25 + 0.88 × 9.5

= 5.25 + 8.36

= 13.61%

7 0
2 years ago
Geoff hesitated as he read the fast food menu, unsure whether he should supersize his order of delicious golden French fries. Do
erma4kov [3.2K]

Answer:

Geoff's target service level is 0.76

Explanation:

Doing so would expand his expense from $0.99 to $1.59 and could very well give him the sustenance he expected to endure the second 50% of his day at the workplace. Obviously, in the event that he completed his cheeseburger and the typical measure of fries, he would essentially discard the additional ones. In any case, on the off chance that he neglected to supersize his request, he would need to take a confection break mid-evening and they weren't actually offering them away in the reprieve room candy machines. He would probably require two pieces of candy, which sold for $0.95 each.

5 0
1 year ago
Read 2 more answers
If errors occur in the recording process, they___________. a. cannot be corrected until the next accounting period.B. should be
V125BC [204]

Answer:

C- Should be corrected as soon as they are discovered

Explanation:

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Although the suspense account is the main method used to detect errors that cause discrepancies between the debit and credit balances of the trial balance in which

Adjusting entries are posted in the general ledger to correct errors detected in the trial balance.

8 0
2 years ago
Read 2 more answers
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