In a job costing system, direct material cost is ordinarily debited to: Multiple Choice - Work-in-Process Inventory. - Manufacturing Overhead. - Finished Goods Inventory - Cost of Goods Sold
Answers
In a job costing system, direct material cost is ordinarily debited to Work-in-Process Inventory.
In a job costing system, direct material costs are typically debited to the Work-in-Process (WIP) Inventory account. This account represents the cost of the materials that are directly used in the production process for a specific job or project.
When a company uses a job costing system, it tracks the costs associated with each individual job or project separately. Direct materials are those materials that can be directly traced to a specific job, such as raw materials used in the production process. By debiting the direct material cost to the WIP Inventory account, the company is accurately capturing the cost of materials used for that particular job.
Debiting the direct material cost to Manufacturing Overhead, Finished Goods Inventory, or Cost of Goods Sold would not be appropriate in a job costing system. Manufacturing Overhead represents indirect costs incurred in the production process, while Finished Goods Inventory and Cost of Goods Sold relate to the completed products. Since direct material costs are specific to a particular job and need to be allocated to that job's cost, they are debited to the Work-in-Process Inventory account.
Direct material costs are debited to the Work-in-Process Inventory account in a job costing system to accurately reflect the cost of materials used in a specific job or project.
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Related Questions
Acme Model Trains started the year with $10,000 worth of model trains in inventory. During the year, it purchased $5,000 more model trains. By the end of the year it sold a total of $7,500 in model trains. Calculate the cost of goods sold using the handout from class or the information provided in Chapter 14.
Answers
Based on the information given the cost of goods sold is $7,500.
Using this formula
Cost of goods sold=Starting inventory + Purchases − Ending inventory
Where:
Starting inventory=$10,000
Purchases=$5,000
Ending inventory=$7,500
Let plug in the formula
Cost of goods sold=$10,000+$5,000-$7,500
Cost of goods sold=$7,500
Inconclusion the cost of goods sold is $7,500.
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Calculate the weighted average cost of capital for Digital Processing Inc. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places. ) Notice that this problem asks for the weighted costs. These are the unweighted costs times the weights. Like this: (kd)(wd) = weighted cost of debt. 01:19:41 Given the following information: Percent of capital structure: Preferred stock Common equity (retained earnings) Debt Additional information: Corporate tax rate 35% Dividend, preferred $10. 00 Dividend, expected common $5. 50 Price, preferred $106. 00 Growth rate 0% Bond yield 10% Flotation cost, preferred $ 6. 50 Price, common 500. 00 Calculate the weighted average cost of capital for Digital Processing Inc. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places) Notice that this problem asks for the weighted costs. These are the unweighted costs times the weights. Like this: (kd)(wd) weighted cost of debt. 15% 55 30
Answers
The weighted average cost of capital (WACC) for Digital Processing Inc. is 5.84%.
To calculate the weighted average cost of capital (WACC) for Digital Processing Inc., we need to determine the weighted costs of each component of the capital structure and then sum them up. Cost of Preferred Stock (kp): The cost of preferred stock is calculated by dividing the preferred dividend by the price of preferred stock, adjusted for flotation costs: kp = Dividend / Price - Flotation Cost = $10.00 / ($106.00 - $6.50) = 0.0985 or 9.85%. Cost of Common Equity (ke): The cost of common equity is calculated using the dividend discount model (DDM) approach: ke = Dividend / Price + Growth Rate. ke = $5.50 / $500.00 + 0% = 0.011 or 1.1%.
Cost of Debt (kd): The cost of debt is equal to the bond yield adjusted for the corporate tax rate: kd = Bond Yield * (1 - Tax Rate), kd = 10% * (1 - 0.35) = 0.065 or 6.5%. Weighted Costs: We need to determine the weights of each component in the capital structure. Given that the percentages are not provided, let's assume the weights as follows: Preferred Stock: 15%; Common Equity: 55%; Debt: 30%. Calculate the WACC: WACC = (kp * wp) + (ke * we) + (kd * wd). WACC = (0.0985 * 0.15) + (0.011 * 0.55) + (0.065 * 0.30) = 0.032825 + 0.00605 + 0.0195 = 0.058375 or 5.84%. Therefore, the weighted average cost of capital (WACC) for Digital Processing Inc. is 5.84%.
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Which of the following is a benefit of a bank?
A. You can get your cash quickly and easily.
B. A bank is insured by the federal deposit insurance corporation
C. You assets are safe from theft, loss, and fires
D. All the above
Answers
Answer:
D
Explanation:
Answer:
D. All the above
Explanation:
Develop an Ishikawa diagram to depict customer dis- satisfaction at a pizza restaurant. You should use the four Ms approach.
Answers
An Ishikawa diagram to depict customer dis- satisfaction at a pizza restaurant would be :
Customer Dissatisfaction
/ \
/ \
Materials Methods Manpower Environment
What goes into the Ishikawa diagram?Using the four Ms approach, we get:
Materials
Incorrect ingredientsIncorrect portion sizesStale or expired ingredientsPoor quality ingredientsMethods :
Inefficient cooking methodsImproper handling of foodUnsanitary conditionsLack of training for staffManpower:
Unmotivated staffUnderqualified staffHigh turnover of staffLack of communication between staffEnvironment :
Unpleasant atmosphereDirty or cluttered environmentPoor customer serviceLong wait timesBy identifying and addressing the root causes of customer dissatisfaction, pizza restaurants can improve their customer satisfaction and loyalty. This can lead to increased sales and profits.
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Type the correct answer in the box. Spell all words correctly. What do inventory firms use when moving delicate products? Inventory firms use________ belts when moving delicate products.
its not multiple choice- need help!
Answers
Answer:
conveyor belts
Explanation:
A conveyor belt is a moving band, e.g. a conveyor belt is used in airports when you are retrieving your luggage after you arrive to your destination. They can be used to transport bulk materials or delicate products. Their length also varies, since they can be very short, e.g. just a few feet, to very long, e.g. transport goods for many yards.
(01.04 MC) Graph shows values along the horizontal axis and vertical axis. Coordinates are plotted to indicate two upward-sloping diagonal lines and two downward-sloping diagonal lines. Line 1 is a downward sloping line with point S at 300,300 and Point U at 200, 400. Line 2 is a downward sloping line with point T at 500, 300. Line 3 is an upward sloping line with Point S at 300, 300 intersecting line 1 at S and also intersecting line 2. Line 4 is an upward sloping line with point T at 500, 300 intersecting Line 2 Use the above graph to answer the following question. Which of the following may occur as a result of an increase in the price of iPods? (1 point) a Shift from line one to line two b Move from point S to point U c Shift from line two to line one d Move from point U to point S
Answers
A Move from point S to point U; b Move from point S to point U; c Move from point U to point S; an increase in the quantity required.
What is a good illustration of an equilibrium price?A store sells 1,000 spinning tops for $10 each from a factory. However, no one is willing to purchase them at that cost. The store reduces the price to $8 in order to increase demand. At that price, 250 customers are interested.
Using the supply and demand framework, we can predict how an event will affect the equilibrium price and quantity using a four-step process.
Let's imagine a single event has occurred to begin thinking about changes in equilibrium price and quantity. It could be a occurrence that has an impact on demand, such as a shift in income, population, preferences, the prices of alternatives or complements, or expectations regarding future prices. Alternately, it could be a occurrence that alters supply, such as a shift in the natural conditions, the prices of inputs, technology, or production-influencing government policies.
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When social security is taken out of your paycheck, is all of that money being saved for your eventual retirement? how does that work?.
Answers
When social security is taken out of one's paycheck, not everything is saved for retirement.
What is social security?Social security is simply designed to pay retired workers that are 65 years and older.
In this case, social security is taken out of one's paycheck, not everything is saved for retirement. They are put in place to provide payments to those with limited incomes.
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The liberty of man in society is to be under no other legislative power but that established by consent in the commonwealth.
Answers
Answer: The liberty of man, in society, is to be under no other legislative power, but that established, by consent, in the commonwealth; nor under the dominion of any will, or restraint of any law, but what that legislative shall enact, according to the trust put in it.
Explanation:
Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.
Answers
Answer:
Option B !!!!! :))
Explanation:
What is B + T + S ?Hints are that it is a famous k-pop boy band
Answers
Answer:
bts
Explanation:
bts
which 3 predefined management report templates will a client see in their company file?
Answers
The predefined management report templates that a client sees in their company file will be company overview, financial statements, and sales performance.
What is a management report?It should be noted that the management report is the collection of data that is used to make better decisions.
In this case, an example of the predefined management report templates is the financial statements which are written records that convey the business activities and the financial performance of a company.
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The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is:.
Answers
The record of accrued vacation privileges in Journal entry will includes a Debit of Cash& Interest Expense and Credit of Notes Payable
What is a Journal entry?The Journal entry helps to record all basic financial transaction.
In conclusion, the record of accrued vacation privileges in Journal entry will includes a Debit of Cash& Interest Expense and Credit of Notes Payable
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Last year, $3,155.24 was withheld from your pay for federal taxes. when you calculate the amount of federal tax you owe, it comes to $2,791.80. what does this mean?
Answers
The fact that your federal taxes paid were more than you calculated means that D. You will get $363.44 refund from the government.
What is federal tax?The Internal Revenue Service (IRS) imposes a tax on the annual income of people, businesses, trusts, and other legal entities in the United States.
All sources of income that contribute to a taxpayer's taxable income, such as wages, salaries, commissions, bonuses, tips, investment income, and certain categories of unearned income, are subject to federal income taxes.
Individual federal income tax rates in the US are progressive, which means that they rise in proportion to taxable income. Federal income tax rates range from 10% to 37%, and they become effective at a certain level of income.
Tax brackets are the ranges of income to which the rates are applied. Each tax bracket has a different rate of taxation that applies to certain types of income.
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the total market value of the equity of okefenokee condos is $4 million, and the total value of its debt is $1 million. the treasurer estimates that the beta of the stock currently is 1.0 and that the expected risk premium on the market is 11%. the treasury bill rate is 3%, and investors believe that okefenokee's debt is essentially free of default risk.
Answers
The firm's WACC is 11.92%.
Based on market values, the weights of debts and equities are:
debts = 1 / (4 + 1) = 20%
equity = 4 / (4 + 1) = 80%.
The cost of debt is the same as the interest rate on treasury bills, which is 3%. We can use the capital asset pricing model (CAPM) to compute the cost of equity. According to CAPM:
required return on the stock = risk free rate + beta * market risk premium = 3% + 1.0 x 11% = 14%.
WACC = 40%*3%*(1 - 40%) + 80%*14% = 11.92%.
A measurement of a company's overall cost of capital is the weighted average cost of capital. It is determined by averaging the after-tax cost of equity and debt, weighted by the market value of the firm's equity and debt, respectively.
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Lars Corporation shows the following information in the stockholders' equity section of its balance sheet: The par value of common stock is $5, and the total balance in the Common Stock account is $225,000. There are 13,000 shares of treasury stock.
Required:
What is the number of shares outstanding?
Answers
To find the number of shares outstanding for Lars Corporation, we need to first determine the number of shares issued, which can be calculated using the total balance in the Common Stock account and the par value of the common stock.
Then, we will subtract the treasury stock from the issued shares to get the shares outstanding.
Total balance in Common Stock account: $225,000
Par value of the common stock: $5
Number of shares issued = Total balance in Common Stock account / Par value of common stock
= $225,000 / $5
= 45,000 shares issued
Number of treasury stock: 13,000
Shares outstanding = Shares issued - Treasury stock
= 45,000 - 13,000
= 32,000 shares outstanding
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in defensive avoidance, when managers can’t find a good solution, their usual response is
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In defensive avoidance, when managers can't find a good solution, their usual response is to procrastinate or delay making a decision.
Defensive avoidance is a decision-making behavior where managers avoid making a choice or taking action when faced with a difficult or uncertain situation. When managers encounter challenges in finding a suitable solution, they may feel overwhelmed or uncertain about the potential outcomes. As a result, their typical response is to postpone or delay making a decision. This delay can be caused by various factors, such as fear of making the wrong choice, lack of information or resources, or a desire to gather more data or seek consensus among stakeholders. However, defensive avoidance can lead to missed opportunities and prolong the decision-making process, potentially impacting organizational performance. It is important for managers to recognize this tendency and actively seek alternative approaches to address problems and make informed decisions.
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Ramon has been appointed the manager of a retail store. He wants to bring the store into the modern era and direct its future by utilizing the latest trends in visual merchandising. What can Ramon do to achieve this?
Answers
Answer:quit school and beco
Explanation:
Answer:
C. install mannequin robots to display clothes
Explanation:
Among the offered answers, a truly avantgarde, modern approach is to implement robot mannequins in the store. With this tactic, customers would be incentivized to approach this innovative customer journey. Through pioneering this technique, Ramon's company would get a competitive advantage through visual merchandising.
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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State 5 advantages and 5 disadvantages of trade union.
Answers
Answer:
Down below
Explanation:
Advantages: 1-Unions can bargain for higher wages. 2-Unions can represent workers. 3-A trade union can help a firm bring in new working practices. 4-Unions can help bring workers closer to management. The states higher wages increase motivation.
Disadvantages: 1-Unemployment. 2-cost push inflation. 3-Time lost to strike.
4-confrontation 5-Less relevant.
The Outpost, a sole proprietorship currently sells short leather jackets for $369 each. The firm is considering selling long coats also. The long coats would sell for $719 each and the company expects to sell 820 a year. If the company decides to carry the long coat, management feels that the annual sales of the short jacket will decline from 1,120 to 1,040 units. Variable costs on the jacket are $228 and $435 on the long coat. The fixed costs for this project are $23,100, depreciation is $10,400 a year, and the tax rate is 34 percent. What is the projected operating cash flow for this project
Answers
Answer:
$134,546
Explanation:
Calculation to determine the projected operating cash flow for this project
Projected operating cash flow=
{[820 × ($719 − 435)] + [(1,040 − 1,120) × ($369 − 228)] − $23,100} × {1 − .34} + {$10,400 × .34}
Projected operating cash flow={[820 × $284)] + [$80 × $141] − $23,100} × {.66} + {$3,436}
Projected operating cash flow= $134,546
Therefore the projected operating cash flow for this project is $134,546
answer the next question on the basis of the following data. output total cost 0 $24 1 33 2 41 3 48 4 54 5 61 6 69 the marginal cost associated with the production of the third unit of output is
Answers
The marginal cost associated with the production of the third unit of output is $7, which indicates the additional cost required to produce one more unit.
Marginal cost is an essential concept in economics that helps businesses determine the optimal level of production. By calculating the difference in total cost between producing two consecutive units of output, we can find the marginal cost.
In this case, the total cost for producing two units is $41, and for producing three units, it is $48. The increase in total cost from $41 to $48 is $7, which represents the marginal cost of producing the third unit. This information assists businesses in evaluating the cost-effectiveness of expanding production and optimizing their output levels.
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In june, a client buys 100 shares of xyz corporation at $27 per share and writes an xyz october 30 call at a $3 premium. the trade is executed in a cash account. what is the breakeven point for the writer
Answers
The breakeven point for the writer on the share trading is equal to $24.
The third option is the correct answer.
What is a breakeven point?A breakeven point is a situation where the company earns no profit and no loss amount in the Cost-Volume-Profit (CVP) analysis.
Given values:
Share price: $27
Premium per share: $3
Computation of breakeven point:
\(\rm\ Breakeven \rm\ point = \rm\ Share \rm\ price - \rm\ Premium \rm\ per \rm\ share\\\rm\ Breakeven \rm\ point = \$27 - \$3\\\rm\ Breakeven \rm\ point = \$24\)
Question's missing part:
The options are as follows:
1) $33
2) $30
3) $24
4) $33
Therefore, the point where the shares are breakeven is $24.
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group life insurance policies are generally written as
Answers
Answer:
they are written as term Insurance if am not mistaken
Compare two similar companies or products based on their consumers (audience), costs, communications (customer service), and convenience (relevance). When you are finished comparing, explain which product is better for people like yourself.
Answers
Answer:
i need this too
Explanation:
suppose two employees at the company have been working there for five years. one has a bachelor's degree (8 years of education) and one has a master's degree (10 years of education). how much more money would we expect the employee with a master's degree to make?
Answers
There is no definitive answer to this question since it will vary depending on the company, the industry, the geographical location, and a variety of other factors.
However, in general, we would expect the employee with a master's degree to make more money than the employee with a bachelor's degree.
This is because a master's degree generally signifies that the individual has a higher level of education and has specialized knowledge in a particular field. As a result, the employee with a master's degree is typically more qualified and capable than the employee with a bachelor's degree, and is thus likely to be paid more.
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NEED HELP ASAP PLEASE
please define these words for me
-Right to Redress
-Secure Credit
-Unsecure Credit
-Collateral
-Principal
-Mortgage
-Insurance
HURRY PLEASE
Answers
-beetle juice
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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specialization the division of labor enhances productivity and efficiency by
Answers
Answer:
allowing workers to take advantage of existing differences in their abilities and skills.
Explanation:
ian gonna need these so here
Answers
Answer:
hi
Explanation:
Choose the preferred sentence from each pair and justify your choice. a. (1) Lindsay's request to telecommute was denied, but she will begin a flextime schedule in two weeks. (2) Although her request to telecommute was denied, Lindsay will begin a flextime schedule in two weeks.
Answers
Answer:
(2). Although her request to telecommute was denied, Lindsay will begin a flextime schedule in two weeks.
Explanation:
The second choice would be the most preferred as it conveys the idea in a formal and precise manner. The complex sentence beginning with the subordinate clause already hints the listener that the key message is yet to come. It helps him/her in understanding the intended message without any confusion. The first sentence fails to create that specificity as it connects two independent ideas which remove the listener's focus from the main idea i.e. 'she will begin a flextime schedule in two weeks.' Thus, option (2) adopts the correct format and sentence structure to deliver the message effectively, efficiently, and precisely.