Business, 23.03.2021 03:20 maddycat4005
The information below has been taken from the cost records of Tink Co. for the past year:
Direct materials used in production $326
Direct labor 225
OH allocated at 60% of DL$ ?
Actual OH 145
Cost of goods available for sale 826
Sales revenue 900
Selling & administrative expenses 30
Inventories:
Beginning Ending
Work in process 80 30
Finished goods ? 110
SHOW ALL COMPUTATIONS:
a) Prepare a statement of cost of goods manufactured & sold for T Co.
(use normal costing)
Answers: 3
Business, 22.06.2019 15:20
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
Answers: 2
Business, 22.06.2019 20:00
Edna gomez is the founder of the restaurant chain good and green. she ensures that the products in her stores are ethically and responsibly sourced. most products are therefore 100 percent organic and all packaging is manufactured from recycled material. also, her company sources ingredients from farms within 100 miles from her locations. edna's belief is that her restaurants should be able to support the community at large. which of the following terms best describes edna gomez? a. headhunter b. category captain c. social entrepreneur d. trade creditor
Answers: 3
Business, 22.06.2019 20:30
You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase
Answers: 3
The information below has been taken from the cost records of Tink Co. for the past year:
Direct ma...
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