What should be the amount of direct materials used

Assignment Help Accounting Basics

Reference no: EM13132057

Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting information remained in the office files: Direct labor cost incurred during the period amounted to 2.5 times the factory overhead. The CFO of Tierney Construction, Inc.has asked you to recalculate the following accounts and to report to him by the end of tomorrow. What should be the amount of direct materials used? A. B. C. D. $15,000. $29,000. $20,000. $24,000.

Reference no: EM13132057

Questions Cloud

What is the partial pressure of cl2 : At 373 K, Keq = 2.39 for the following reaction: SO2Cl2(g) = SO2(g) + Cl2(g) In an equilibrium mixture of the three gases, the partial pressures of SO2Cl2 and SO2 are 3.31 atm and 1.59 atm, respectively.

Reporting net income for the amount : Cindy reported net income of $40,000 during 2003 and paid dividends of $20,000. Penny should report net income for 2003 in the amount of:

Determining strong induction : Suppose that a store offers gift certificates in denominations of25 dollars and 40 dollars. Determine the possible total amounts you can form using these gift certificates.

What is the gain on repossession : The car was subsequently repossessed. When reacquired , the car was appraised to have a fair value of P300,000, What is the gain (loss ) on repossession? Under the installment method , how much is the realized gross profit to be recognized a th..

What should be the amount of direct materials used : Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting information remained in the office files: Direct labor cost incurred during the period amounted to 2.5 times the factory overh..

What percentage of the original cobr2 actually decomposed : Carbonyl bromide decomposes to carbon monoxide and bromine. COBr2 (g) ↔ CO(g) + Br2 (g) Kc is 0.190 at 73?C. If you place 0.500 mol of COBr2 in a 2.00 L flask and heat it to 73 ?C,

Explain the changes in balance sheet accounts : What client information is needed by auditors in creating lead schedules? Answer Interim statements prepared by the client for the company's 3rd quarter financial results.

Define the possibility of stereoisomers exists : Define the possibility of stereoisomers exists, However, the addition of bromine to an equimolar mixture of cis- and trans-2-butene generates only three stereoisomers. Explain.

How does influence impact accounting for investments : Why do you think there have been so many mergers in recent years? Do you feel this practice is beneficial to society? Justify your thoughts. How does 'influence' impact accounting for investments?

User Account

All Pages