Seemore lens company (slc) sells contact lenses fob destination. for the year ended december 31, the company reported: a) inventory of $79,000 and cost of goods sold of $438,000. b) included in inventory (and accounts payable) are $11,800 of lenses slc is holding on consignment. c) included in slc’s inventory balance are $5,900 of office supplies held in slc’s warehouse. d) excluded from slc’s inventory balance are $8,900 of lenses in the warehouse, ready to send to customers on january 2. slc reported these lenses as sold on december 31, at a price of $16,800. e) included in slc’s inventory balance are $3,450 of lenses that were damaged in december and will be scrapped in january, with zero realizable value. required: prepare the table showing the balances presently reported for inventory and cost of goods sold, and then displaying the adjustment(s) needed to correctly account for each of items (), and finally determining the appropriate inventory and cost of goods sold balances. (enter any decreases to account balances with a minus sign.)

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer