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Flauer [41]
2 years ago
10

A large manufacturing firm tests job applicants. Test scores are normally distributed with a mean of 500 and a standard deviatio

n of 50. Management is considering placing a new hire in an upper-level management position if the person scores in the upper sixth percent of the distribution. What is the lowest score a new hire must earn to qualify for a responsible position?

Business
1 answer:
dimaraw [331]2 years ago
8 0

Answer:

578

Explanation:

Please see attachment

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The company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month
Cloud [144]

Answer:c $1666F

Explanation:

See attached file

5 0
2 years ago
The Work in Process Inventory account had a beginning balance of $16,200 on April 1. During April, the cost of direct materials
zhenek [66]

Answer:

$28,700

Explanation:

We know that

Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of finished goods manufactured

where,

Total manufacturing cost = cost of direct materials used + direct labor cost + overhead  cost

= $408,000 + $56,000 + $72,000

= $536,000

So, the ending work in process inventory would be

= $16,200 + $536,000 - $523,500

= $28,700

4 0
2 years ago
) Using the following information, what is the amount of cost of merchandise sold?
Orlov [11]

Answer:

C. 30,210

Explanation:

Cost of merchandise sold = cost of merchandise purchase - cost of merchandise left in inventory

= Purchases  of $32,000 - Purchases discounts  of $960 - Purchases returns and allowances  of $1,200 + Freight In  of $1,040

- ( Merchandise inventory  at  September 30  of $6,370 - Merchandise inventory September 1  of $5,700)

= 32,000- 960- 1,200+1,040 - 670 = 30,210

5 0
2 years ago
Springer Anderson Gymnastics prepared its annual financial statements dated December 31. The company reported its inventory usin
stira [4]

Answer:

Ending Inventory Net Realisable Value or LCM is $ 14,000

Net Income  Net Realisable Value or LCM is $ 11,900

Explanation:

Purchase Cost                                    Replacement Cost per

Item    Quantity      Per Unit     Total          Unit          Total  Cost      NRV

A            1,500        $ 3         4,500         $  4             $ 4500     $4500

B           750            4            3,000             2             $1500       $ 1500

C       3,500              2            7,000            1             $3500       $ 3500

<u>D            1,500        5           7,500            3              $ 4500       </u><u>  $ 4500     </u>

                                                                                                 $ 14000

Ending Inventory $ 22,000

Income Statement

Sales Revenue $ 140,000

Cost of Goods Sold

Beginning Inventory $ 15,000

Purchases 91,000 Goods

Available for Sale 106,000

Ending Inventory 14,000  Applying LCM/NRV

Cost of Goods Sold 92,000

Gross Profit 48,000

Operating Expenses 31,000

Income from Operations 17,000

Income Tax Expense (30%) 5,100

Net Income $ 11,900

4 0
2 years ago
Jones of San Diego sold Long of Baton Rouge a video system with a $6,000 list price. Sale terms were 2/10, n/30 FOB San Diego. J
kkurt [141]

Answer:

$4,835

Explanation:

The computation of the payment made by Long is shown below:

= Sale value of video system - discount + freight charges

where,

Discount = Sale value × discount rate

               = $6,000 × 2%

               = $1,200

The other items  values remain the same

Now put all the values to the above formula,

So, the value would be equal to

= $6,000 - $1,200 + $35

= $4,835

6 0
2 years ago
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