Finished goods on hand

Assignment Help Accounting Basics
Reference no: EM13135912

The following information is available for completed job: Direct materials,$60000; direct labor $ 90000,manufacturing overhead applied $ 45000, units produced 5000 units, units sold 4000 units. the cost of the finished goods on hand from this job is:

a. $ 30000

b. $ 195000

c. $ 39000

d. $ 156000

Reference no: EM13135912

Questions Cloud

Company predetermined overhead rate problem : A company expected its annual overhead costs to be $ 600000 and direct labor costs to be $ 1000000. Actual overhead was $ 580000 and actual labor costs totaled $ 1100000. how much is the company's predetermined overhead rate to the nearest rent?
A rural medical centre in australia : A rural medical centre in Australia plans to improve its services to the community by providing telemedicine and healthcare. The centre has 4 doctors working at a given time and some patients travel over 100km to see a doctor.
Constitution and system of separation : Explain how the Constitution provides for a system of separation of powers and checks and balances.
Determine required sample size for standard iq test : The standard IQ test has a mean of 100 and a standard deviation of 13. We want to be 98% certain that we are within 2 IQ points of the true mean. Determine the required sample size.
Finished goods on hand : The following information is available for completed job: Direct materials,$60000; direct labor $ 90000,manufacturing overhead applied $ 45000, units produced 5000 units, units sold 4000 units. the cost of the finished goods on hand from this job ..
Should or should we not change the food industry? : Should or should we not change the food industry?
What is the activation energy for the reaction : The rate constant for a certain chemical reaction is 0.00250 M1 s1 at 25.0C and 0.0125 M1s1 at 50.0C. What is the activation energy for the reaction, expressed in kJ mol?
The assignment: "children need to play, not compete," : Summarize in 150-200 words the article from the assignment: "Children Need to Play, Not Compete,"
Probability that randomly selected bulb will fail in hours : Assuming that the life of bulbs follow Normal distribution, what is the probability that a randomly selected bulb will: Fail within 1200 hours? Survive between 1350 and 1650 hours?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem related to unrealized gain

In 2004, Parrot Company sold land to its subsidiary, Tree Corporation, for $12,000. It had a book value of $10,000. In the next year, Tree sold the land for $18,000 to an unaffiliated firm. The 2004 unrealized gain

  What is the apr and ear of your investment

You bought a stock three months ago for $73.82 per share. The stock paid no dividends. The current share price is $76.09.

  How can emily and richard mitigate the foreign currency loss

How can Emily and Richard mitigate the foreign currency loss?

  Significant disadvantage of general partnership

Which of the following is a significant disadvantage of a general partnership

  How much will patti have in the account

At the end of each quarter, Patti deposits $500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in three years?

  Inventory of transdermal estrogen delivery patches

Suppose that Noven had $49,000 in an inventory of transdermal estrogen delivery patches. These patches are from an initial production run, and will be sold during the coming year.

  Flexed budget performance report

Jane's travel budget for October was $330, based on her plan to drive 1,500 miles at a cost of $0.22 per mile. During October, she actually drove 1,250 miles at a cost of $290. A flexed budget performance report would show a variance of:

  Explain the advantages of a convertible bond

A Corporation is considering issuing a convertible bond. What is a convertible bond and the advantages of a convertible bond from the standpoint of 1) the bondholder and 2) the issuing corporation.

  Accounting objective questions

accounting objective questions, Which of the following is a cash flow from operating activities? A cash inflow from financing activities includes?

  Determine the amount that rim invested in capital

Assume Research In Motion invested $834 million to expand its manufacturing capacity. Assume that these assets have a seven-year life, and that Research In Motion requires a 12% internal rate of return on these assets.

  Problem related to divisions net assets

Books-R-Us, Inc. committed to sell its comic book division (a component of the business) on September 1, 2010. The book value of the division's net assets was $400,000 and the estimated selling price of the net assets was $350,000.

  What revenue does garr report related

What revenue does Garr report related to this investment and what is the amount to be reported as an investment in Cey stock at December 31. (show all work)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd