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gogolik [260]
2 years ago
3

Lanyard Company uses a job-order costing system to account for product costs. The following information pertains to 2018: Materi

als placed into production $140,000 Indirect labor 40,000 Direct labor (10,000 hours) 160,000 Depreciation of factory building 60,000 Other factory overhead 100,000 Increase in work-in-process inventory 30,000 Factory overhead rate is $18 per direct labor hour. What is the total amount credited to Materials Inventory for Lanyard in 2018?
Business
1 answer:
8090 [49]2 years ago
6 0

Answer:

The answer is: $450,000

Explanation:

To determine the total amount credited to materials inventory we will use the following formula:

  • materials inventory = materials + direct labor + factory overhead - increase work in progress

materials inventory = $140,000 + $160,000 + $180,000 ($18 x 10,000) - $30,000 = $450,000

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sattari [20]

Answer:

D) inventory

Explanation:

Inventory: Inventory is the stock of the company. It passed through various cycles i.e. raw material, work in progress, finished goods. When the cycle is finished then the product is ready to sell in the market.  

Moreover, the recording of the stock is done based on the cost or market value whichever is lower.  

In the given question, operation management uses the storage facility. So, the storage facility is used to store the inventory. Here, the storage facility means the warehouse in which the company products are kept for safety measurement.

Thus, all other options are incorrect except D option

7 0
2 years ago
True or False: A small number of institutional investors are often able and motivated to bring direct shareholder pressure on a
Pani-rosa [81]

Answer: True

Explanation:

The agency problem is when there is a conflict of interest between the management of a company and the stockholders that exists in the company.

In order to help reduce the potential agency conflicts that at occur during the course of a business, a few of the institutional investors often bring in the pressure of the direct shareholder on the management of a firm. They believe by involving the shareholders, the management will try not to have any differences with the shareholders and thereby reducing agency problem.

3 0
2 years ago
ABC Co. issued 1 million 6 percent annual coupon bonds that mature in 10 years. The face value is $1,000 per bond. What are the
Leya [2.2K]

Answer:

Explanation:

The expected cash flows from one of these bonds are:

- $60 in interest at the end of each year for 10 years, and

- $1,000 repayment of principal at the end of 10 years.

4 0
2 years ago
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Sindrei [870]

Answer:

- syndicate research service

- limited research service

- standardized research

- custom research

Explanation:

Note, Raising canes ones to expand nationwide, which of course is a monumental task.

- The syndicated research supplier using is already established standards for the research in exchange for a fee.

- Standardized research supplier is willing to meet the needs of clients by directing strategies best fitted to find suitable retail locations. It is the best type of research service to meet this client’s needs.

- Limited-service research are suppliers that are limited in their scope of operations such as data warehousing, or data processing.

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2 years ago
The Phelan Division produces and sells a product to external and internal customers. Per-unit information about its operations i
ioda

Answer:

The answer is $250

Explanation:

Solution

From the example given, we are asked to find the internal transfer price of Phelan's product.

So, if Phelan is operating at capacity or speed and has unlimited external customer demand then the transfer price for Phelan's product is $250 as it has huge demand from customers

6 0
2 years ago
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