Orange company manufactures calculators during the month

Assignment Help Accounting Basics
Reference no: EM13567689

Orange Company manufactures calculators. During the month, $25,000 of raw materials were purchased, and the warehouse manager transferred $22,500 of direct material to production. Also, during the month, Orange incurred $34,000 of wages for hourly employees, 80% of which was for direct labor. The production supervisor earned $4,200 for the month. What amount will Orange Company debit to Work in Process Inventory for the month?

Reference no: EM13567689

Questions Cloud

Describe common agency biases and how they are likely to : describe common agency biases and how they are likely to bias npv
Describe the emergence of modern muslim nation-states out : describe the emergence of modern muslim nation-states out of the early modern muslim world. in your assignment discuss
In january 2002 six-month 182-day treasury bills were : in january 2002 six-month 182-day treasury bills were issued at a discount of 1.75 percent. what is the annual
Assume that the beta of the underlying assets is 2 how does : assume that a firm will always have enough money to pay off its bonds so the beta of its bonds is 0. the rate of return
Orange company manufactures calculators during the month : orange company manufactures calculators. during the month 25000 of raw materials were purchased and the warehouse
The risk-free rate is 4 the expected rate of return on the : the risk-free rate is 4. the expected rate of return on the stock market is 7. what is the appropriate cost of capital
Luther corp issued 50000000 par value 8 convertible bonds : 1. luther corp. issued 50000000 par value 8 convertible bonds at 102. if the bonds had not been convertible the
A project returns -5 if the stock market returns -10 and 5 : a project returns -5 if the stock market returns -10 and 5 if the stock market returns 10. what is the market beta of
An advantage of the internal rate of return basis for : an advantage of the internal rate of return basis for evaluating capital projects is the fact that itais easy to

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the amount of the impairment loss

Determine the amount, if any, of the impairment loss that El Dorado must recognize on these assets.

  Determiningt the correct adjusting entry

The annual interest rate on the mortgage payable was 7.75 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. What should the correct adjusting entry b..

  Direct materials used 29000 direct labor 17000 variable

company has no beginning and ending inventories and reports the following information aboutits only product direct

  Determining direct write off method

Gilkey Construction Company writes of the account of Arthur Blanks of $78,000. The journal entry to record this under the direct write off method is:

  Credit sales are budgeted by gonzalez company

Credit sales are budgeted by Gonzalez Company

  Consolidation of cash-detailed solution-aedion company

Aedion Company owns control over Breedlove, Inc. Aedion reports sales of $300,000 during 2004 while Breedlove reports $200,000. Inventory costing $20,000 was transferred from Breedlove to Aedion (upstream) during the year for $40,000.

  An increase in the accounts receivable account of a company

an increase in the accounts receivable account of a company from 40000 at the beginning of the year to 60000 at the end

  Lett corp declared and issued a 15 stock dividend when

lett corp declared and issued a 15 stock dividend when they had 100000 shares of common stock issued and

  Determining balance in investment account

Young Co. acquired a 60% interest in Tomlin Corp. on December 31, 2006 for $945,000. During 2007, Tomlin had net income of $600,000 and paid cash dividends of $150,000. At December 31, 2007, the balance in the investment account should be

  Mcq on statistical process control

Up to three standard deviations above or below the centerline is the amount of variation that statistical process control allows for

  Compute the earnings per share of common stock

Quayle Corporation reports net income of $380,000 and a weighted average of 200,000 shares of common stock outstanding for the year. Compute the earnings per share of common stock.

  Tax savings from special tax treatment

Daniel figures that he has loss of $60,000 on each stock. If Daniel's marginal tax rate is 35 percent and he has $120,000 of other capital gains (taxed at 15 percent), what is tax savings from the special tax treatment?

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