The Jacob Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum price of $500,000. At the time of acquisition, Jacob paid $20,000 to have the assets appraised. The appraisal disclosed the following values: Land $100,000 Buildings 200,000 Equipment 300,000 What costs should be assigned to the buildings

Answers

Answer 1

Answer:

173,333.33

Explanation:

Lumpsum + Appraisal = Total Spent

500,000 + 20,000 = 520,000

Land + Building + Equipment = Total Fair Value

100,000 + 200,000 + 300,000 = 600,000

Building Costs:

Fair Value Building / Total Fair Value = % of the building cost to apply to the total spent x Total Spent

200,000 /600,000 = .3333 x 520,000 = 173,3333.33


Related Questions

Weighted Average Method, Unit Cost, Valuing Inventories Cassien Inc. manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method: Units completed 53,400 Units in EWIP X Fraction complete (36,000 X 60%) 21,600 Equivalent units of output 75,000 June's costs to account for are as follows: BWIP (10,000 units, 80% complete) $50,000 Materials 90,000 Conversion costs 34,000 Total $174,000 Required: 1. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent. $ per unit 2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transferred out. If required, round your answers to the nearest dollar. Cost of ending work in process $ Cost of the goods transferred out $ 3. Cassien had just finished implementing a series of measures designed to reduce the unit cost to $2.00 and was assured that this had been achieved and should be realized for June’s production. Yet, upon seeing the unit cost for June, the president of the company was disappointed. Can you explain why the full effect of the cost reductions may not show up in June? What can you suggest to overcome this problem?

Answers

Answer and Explanation:

1. Unit Cost for June = Total Cost/ Equivalent Units of output

= 174,000/75,000

= $2.32 per unit

2. Cost of Ending Work in Progress = Cost per unit * Ending WIP

= 2.32 * 21,600

= $50,112

Cost of goods transferred out = Cost per unit * Units completed

= 2.32 * 53,400

= $‭123,888‬

3. By using the Weighted Average method for calculating cost, May costs will also be reflected in the cost figures. In May, the measures to reduce cost had not been implemented so the costs were still higher than anticipated for June. They will therefore pull the June costs upward such that the cost reductions will not show up in June.

This can be overcome by using a method that would reflect the cost of June alone.


Recommended methods to protect yourself from identity
theft and fraud include____

Answers

A. Placing a credit freeze with the credit bureaus is the correct answer.

Answer:

A. Placing a credit freeze with the credit bureaus is the correct answer.

Explanation:

mark please

Maintaining
the general day-to-day
operations of a business is an example
of which field?
A. Finance and Economics
B. General Business Management
C. Communications Management

Maintainingthe general day-to-dayoperations of a business is an exampleof which field?A. Finance and

Answers

It is definitely b ………………..

Yesterday, a company announced an unexpected decrease in dividend from $.0.10 per share to $0.09. The share price probably

A. fell because the change conveyed negative information about the firm’s future cash flows.
B. was unaffected because it is a small change and investors and managers do not worry about small changes in dividends.
C. rose because the investors would now receive more returns via capital gains and these gains are taxed at a lower rate.
D. rose because the decrease indicated the managers’ desire to de-emphasize dividends.

Answers

Answer:

A because its tells that it fell and it is the most likely reason

The reported net incomes for the first 2 years of Sandra Gustafson Products, Inc., were as follows: 2014, $147,000; 2015, $185,000. Early in 2016, the following errors were discovered.

1. Depreciation of equipment for 2014 was overstated $17,000.
2. Depreciation of equipment for 2015 was understated $38,500.
3. December 31, 2014, inventory was understated $50,000.
4. December 31, 2015, inventory was overstated $16,200.

Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. (Ignore income tax considerations.)

Answers

Answer:

Debit 2016 Beginning retained earning for $37,700;

Credit Accumulated depreciation for $21,500, and

Credit Inventory for $16,200.

Explanation:

The entries will affect the 2016 beginning Retained earning except for the December 31, 2014 inventory which was understated by $50,000 which was a self correcting error at the end of 2015.  

Accumulated depreciation = Understatement of 2015 depreciation - Overstatement of 2014 depreciation = $38,500 - 17,000 = $21,500

The entries will affect the 2016 beginning retained earning as follows:

Details                                                         Dr ($)                  Cr ($)

Beginning retained earning                     37,700

Accumulated depreciation                                                21,500

Inventory - 2015 Overstatement                                       16,200

To correct the error discovered in the accounts.                             .

Unscramble the vocabulary word from Chapter 18: genrocis

Answers

The vocabulary word from Unscramble term genrocis is Cosigner.

With the help of a word unscrambler, you may input all the letters you have in your possession, and the tool will reorganize them to show all conceivable word combinations. Some might be concerned that this is a cheating method.

When a borrower fails not to repay a loan as promised, a co-signer agrees to be held accountable for the debt. If you want to buy a big item, like a car, but you can't get a loan on your own, you could consider getting a co-signer. Cosigner is a person responsible for payment of the loan if you do not pay as promised.

Learn more about Cosigner here:

https://brainly.com/question/31237415

#SPJ1

Company A sells paper coffee cups to all Costa Coffee locations in the UK. Company B sells dinner plates to Nando’s in the UK. Company A charges 1 pound for a pack of 100 cups and Company B charges 3 pounds for 1 dinner plate. Tell us exactly what information you would need to determine whether Company A or Company B has higher annual revenue and explain how you would calculate these two figures.​

Answers

Answer: Number of Units Sold

Explanation:

To calculate Revenue there are two details needed at the most basic level. These are the price per unit of the good being sold and the number of units sold.

Revenue = Price * Number of units sold

The question provides us with the price per good to be sold which is £1 per pack of 100 cups for Company A and £3 for 1 dinner plate for Company B.

To know who has the higher revenue, we would need the number of units sold of each.

For instance, assuming Company A sold 10 packs of 100 cups and Company B sold 10 dinner plates, the company revenues would be;

Company A = 10 packs * £1

= £10

Company B = 10 dinner plates * £3

= £30.

Company B would have a higher revenue which are able to know due to the number of units sold being known.

Explain other advantages of the autociatic leadership style. se Se busines​

Answers

The autocratic leadership style has several advantages in certain business situations. Firstly, it allows for quick decision-making and efficient execution. In an autocratic leadership approach, the leader has the authority to make decisions without consulting others extensively. This can be advantageous in situations where immediate action is needed or when there is limited time for deliberation. By taking charge and making decisions swiftly, autocratic leaders can ensure that tasks are completed efficiently and objectives are met in a timely manner.

Secondly, autocratic leadership provides clear direction and reduces ambiguity. The leader in this style has a strong control over the decision-making process and can provide clear instructions to their team members. This clarity helps employees understand their roles and responsibilities, minimizing confusion and increasing productivity. Autocratic leaders often set specific goals and expectations, which can be beneficial in situations where precision and adherence to guidelines are crucial.

Additionally, the autocratic style can be effective in organizations or industries that require a hierarchical structure or where strict compliance is necessary. Industries such as the military, manufacturing, or emergency services often rely on autocratic leadership to ensure discipline, maintain order, and promote safety.

However, it is important to note that the autocratic leadership style may not be suitable for all situations or business contexts. It can stifle creativity and innovation by limiting input and involvement from team members. It may also lead to decreased employee satisfaction and motivation, as individuals may feel disempowered or undervalued. Therefore, the autocratic style should be used selectively and combined with other leadership approaches to create a balanced and inclusive organizational culture.

For more such answers on business situations

https://brainly.com/question/24553900

#SPJ8

Compile a job advertisement for a receptionist vacancy

Answers

Answer:

                    RECEPTIONIST NEEDED - FRONT DESK

 JustJay Limited is looking to hire a young and vibrant young person to join

                      our team as a receptionist for the front desk.

ResponsibilitiesWelcoming clients and prospective clients.Handling both outgoing ang incoming calls to route them as required. Handing mail logistics.Carrying out other Administrative duties as required.

QualificationsAge between 21 and 28Computer literateMust possess great Interpersonal skillsMust be a team playerGED holders are welcome to apply. Experience in similar role would be an added advantage.

                         WE OFFER ATTRACTIVE PACKGAGES.

Send us your CV at hrjustjayltd . com or contact us on 1 - 585 - 244 - 8522.

Is it recommended to skip performing the risk identification on a project? Why not? What is likely to
happen if you skip this process?

Answers

It is not recommended to skip performing the risk identification on a project. If this process is skipped, the organization might run into unforeseen dangers that will stall their projects and prevent them from reaching their objectives.

What is the risk identification step?

The risk identification process is designed to study and find out the elements that will prevent an organization from reaching its set objectives.

he risk identification process helps the organization to know the risk that is set before them and prepare to bypass or overcome the challenges. The risk identification step is the first step that must be taken to avoid problems along the way.

Learn more about the risk identification step here:

https://brainly.com/question/28214983

#SPJ1

PLSS HELP ME!!!
The money charged for instruction by a university is called

a
a grant

b
FAFSA

c
tuition

d
a scholarship

Answers

It’s D a scholarship
Because I’m rly smart and did this already

Tableau DA 9-3: Mini-Case, Analyzing warranty liabilities LO P4
1. Looking at past years, does it appear that Arctica has usually underestimated or overestimated its warranty liabilities?
2. How would we suggest Arctica change its estimates of warranty liabilities in future periods?
3. Management tells us that Arctica plans to keep estimated warranty expense percentages to a minimum next year. Why might management want to keep these percentages low?
4. Alternatively, assume management informs us that Arctica had a great year and has very high net income. However, management is now concerned about high taxes, which are calculated as a percentage of net income. What might management try to do to lower Arctica’s taxes?

Question 1 Options:
a. Neither overestimated nor underestimated
b. Overestimated
c. Underestimated

Question 2 Options:
a. Decrease warranty estimate percentage
b. Increase warranty estimate percentage
c. Keep estimate percentages the same
d. No longer estimate warranty expenses

Question 3 Options:
a. To decrease net income to show a "smooth" earnings pattern
b. To increase management bonus that is based on net income.
c. To limit the amount of parts needing to be purchased.
d. To limit the number of warranty claims

Question 4 Options:
a. Decrease warranty estimate percentages
b. Increase warranty estimate percentages
c. Limit parts purchased for warranty claims
d. Limit the number of warranty claims

I got underestimated for the first question. I need help with the others. Much appreciated.

Answers

Answer:

Answer 2 - Increase Warranty estimate percentages

Answer 3 - To Increase management bonus that is based on net income

Answer 4 - Increase warranty Estimate percentages

Explanation:

Answer 2 - Total Warranty was above their estimate, if they increase the percentage they will be closer to the actual

Answer 3 -  Bonus is based on net income, the higher the net income the better your bonus, you can change this based on the percentage you estimate.

Answer 4 - the more they spend the less taxes they will incur.

I need help!!! offering brain list

I need help!!! offering brain list

Answers

The written agreement that can legally establish Danna's new roles and responsibilities would be a contract (option D).

What is a contract?

A contract is a term that refers to a legal document that establishes the terms and conditions of an employment relationship between a company and an employee. A contract mentions the roles and responsibilities that the employee will have, their rights, their salary, their hours, among other relevant information. For a contract to be valid, both parties must sign it to accept what is established there.

What written agreement establishes Danna's new roles and responsibilities?

The ideal document to establish Danna's new roles and responsibilities would be a contract. Generally, when companies promote their employees to a new position, they must make a new contract because many terms and conditions of their work change. In this case, Danna is going to have more responsibilities and roles within the company, so the most appropriate thing would be to make her a new contract specifying all the information about her new position. According to the above, the correct answer is D. Contract.

Learn more about employment contract in: https://brainly.com/question/14272354

#SPJ1

Several companies in the EU were importing safety footwear from Argentina. Specifically, thousands of pairs of steel-toed boots were being imported for end use by workers in hazardous industries, such as mining, construction, and manufacturing. The EU became concerned that the steel inside the footwear was not of the agreed upon quality and so it called upon the ________ to monitor and enforce the trade agreement.

Answers

The EU countries will call upon the World trade Organization to monitor and enforce the trade agreement.

World Trade Organization (WTO) is the international body that regulates the international trade between and among the world nations.

The WTO enables nations producers, exporters, importers to conduct their business around the world.

The WTO helps in administering trade agreement between nations, handles trade disputes and monitors national trade policies.

Therefore, in this question context, the European Union will call on the World trade Organization to monitor and enforce the trade agreement between the EU countries and Argentina.

Read more about WTO here

brainly.com/question/11661550

Draw a graph with Goods Per Day on the vertical axis and Leisure Hours Per Day increasing from left to right on the horizontal axis. Show that a person who works can work fewer hours and increase utility when the wage rate increases.

Answers

The person's financial limitation would be represented by a curve that sloped from left to right, showing that the more free time someone has, the fewer things they can afford, and vice versa.

What does a graph with a market supply curve's vertical axis mean?

In economics, the supply curve is a graphical depiction of the relationship between the price of a good and the amount of it that a seller is willing and able to supply.

What products have vertical supply curves as examples?

A vertical supply curve demonstrates that the supply of a certain commodity is fixed and unaffected by price. Helium, for instance, has a limited supply, hence the market will determine its price rather than increasing supply.

To know more about financial visit:-

https://brainly.com/question/29641948

#SPJ9

Draw a graph with Goods Per Day on the vertical axis and Leisure Hours Per Day increasing from left to

To remodel a restaurant, Two Brothers Pizza signs a 250-day note with proceeds of $63,159.72 and a maturity value of $68,000. Find the APR.

Answers

The annual percentage rate is 11.19%.

Annual percentage rate is the yearly interest generated on the loan granted to borrowers or paid to investors.

.

The formulae for APR is (Maturity Value / Net Proceed - 1) * (365 / Period of Note).,

Given data

Net Proceed = $63,159.72

Maturity Value = $68,000

Period of Note = 250 days

APR = ($68,000 / $63,159.72 - 1) * (365 / 250)

APR = 0.076636 * 1.46

APR = 0.1119

APR = 11.19%

Therefore, the annual percentage rate is 11.19%.

See similar solution here

brainly.com/question/19636374

Which position most likely requires a master’s degree for success?

Computer Programmer
Website Designer
IT Project Manager
Computer Scientist

Answers

Answer:

The answer is computer scientist

A down payment is:
O
a) The monthly payment you make towards your mortgage.
Ob) Part of your closing costs.
c)
The initial sum of money that you pay toward your house.
A homeowner's final mortgage payment.
d)
Submit

Answers

Answer:

C

Explanation:

Down payment is something that you pay upfront before getting anything.

You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is

A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic

Answers

Answer:

C) price elastic.

Explanation:

How to let a guy know you like him without saying it or being a total freak. I'm 97% sure he likes me, but we don't talk that often....

I put 100 points on this question to be split between the people who answer....

Answers

I'll put it in the comments it's says they don't use rude language like this

what limits are placed on the government's power to tax?​

Answers

The U.S. taxing power, while very broad, has important limitations. First, direct taxes must be apportioned, a very difficult requirement. Second, duties, imposts, and excises must be uniform—an easy-to-meet standard, but one which, if ignored, can be fatal to a statute.


P.S. I hope this helps

Tất cả hàng hóa khi qua các kho đều lần lược qua 4 khâu nào:
a. Nhập, lưu trữ, chọn lọc, giao hàng
b. Nhập, lưu trữ, chọn lọc, xuất kho
c. Nhập, lưu trữ, chọn lọc, phân loại
d. Tất cả đều đúng

Answers

Answer:

c.

Explanation:

Specify which would be the most appropriate fiscal policy (expansionary / contractionary) response to each of the following scenarios:
A recession._____ (expansionary / contractionary)

A stock market crash that hurts consumer and business confidence. ______ (expansionary / contractionary)

Extremely rapid growth of exports.______ (expansionary / contractionary)

Rising inflation.______ (expansionary / contractionary)

A rise in the natural rate of unemployment.______ (expansionary / contractionary)

Answers

A recession: Expansionary fiscal policy would be appropriate in response to a recession. This might include increasing government spending and/or cutting taxes, in order to boost demand and stimulate economic growth.

A stock market crash that hurts consumer and business confidence: Expansionary fiscal policy would also be appropriate in this scenario. By increasing government spending and/or cutting taxes, policymakers can boost demand and restore confidence in the economy.

Extremely rapid growth of exports: Contractionary fiscal policy would be appropriate in response to extremely rapid growth of exports. In this scenario, policymakers might consider reducing government spending and/or increasing taxes, in order to reduce demand and prevent the economy from overheating.

Rising inflation: Contractionary fiscal policy would also be appropriate in response to rising inflation. Policymakers might consider reducing government spending and/or increasing taxes, in order to reduce demand and curb inflationary pressures.

A rise in the natural rate of unemployment: Expansionary fiscal policy would be appropriate in response to a rise in the natural rate of unemployment. In this scenario, policymakers might consider increasing government spending and/or cutting taxes, in order to boost demand and create jobs.

Hofstede's Cultural Dimensions

The most important factor influencing international HRM is the culture of the country in which a facility is located. Culture affects employees' worldview and the norms and values they hold. Culture has a pervasive influence on other important attributes of a country, such as its legal system, human capital, economic system, and political system. As a result, culture strongly determines the effectiveness of most HRM practices. This makes a thorough understanding and appreciation of culture key for managing human resources globally

Hofstede's classification of cultural attributes has become one of the most commonly used methods for understanding culture. He identified five dimensions on which various cultures could be classified: (1) individual-collectivism, (2) power distance, (3) uncertainty avoidance, (4) masculinity-femininity dimension, and (5) long-termâshort-term orientation.

Carlos and Mary have just been assigned to work in foreign subsidiaries of their company. Carlos has worked in the headquarters of his company for five years and has now been given his first overseas assignment. Mary has just finished successfully turning around the struggling operations of one foreign subsidiary at her company and has now been tasked with doing the same in a different country.

Read the statements and explanations for each statement below, then for each select which is the correct cultural dimension.

a. High Individualism

b. High Collectivism

c. High Power Distance

d. Low Power Distance

e. High Uncertainty Avoidance

f. Low Uncertainty Avoidance

g. High Masculinity

h. High Femininity

i. Long-Term Orientation

j. Short-Term Orientation

1. In Carlos' experience, people in this country seek to reduce inequalities in money and wealth.

2. In Mary's experience, individuals in this culture tend to live in the moment' instead of planning for the future.

3. In Carlos' experience, this culture places an emphasis on making investments that might have low current benefits but are expected to be profitable in the future.

4. In Maryâs experience, people in this culture like to show off, make money, and achieve highly visible accomplishments.

5. In Maryâs experience, people in this country rarely address others by their first names, instead relying on titles.

6. In Mary's experience, people in this country tend to look after their own interests instead of seeking protection from their larger community.

7. In Maryâs experience, this culture values rules, structure, and stability.

8. In Carlos' experience, people in this culture expect the larger community to protect them when they are in trouble.

9. In Carlos' experience, people in this culture are easygoing and flexible regarding different views.

10. ln Carlos' experience, this culture places a high value on protecting the natural environment and preserving quality of life, even if it means making less money.

Answers

Answer:\a. High Individualism.

Explanation:

Hope this helps!

Mitchell Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Mitchell Bicycle Shop uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20 $185 $3,700 March 5 Sale ($270 each) 15 March 9 Purchase 10 205 2,050 March 17 Sale ($320 each) 8 March 22 Purchase 10 215 2,150 March 27 Sale ($345 each) 12 March 30 Purchase 9 235 2,115 $10,015 For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase. Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31. 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31. 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. 5. Calculate sales revenue and gross profit under each of the four methods. 6. Comparing FIFO and LIFO, which one provides the more meaningful measure of ending inventory? 7. If Mitchell Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment.

Answers

Bikes from initial inventory are included March 5 sale, a March 17 outsourcers bikes from March 9 sale, or Mar 27 sale includes four bikes from the initial balance & eight bikes from March 22 purchase. 1/2 is need.

Now what you mean by inventory?

All the products, materials, and things that a company keeps on hand in anticipation of selling them to customers for a profit are referred to as inventory. Example: If a newspaper seller utilizes a vehicle to distribute newspapers to clients, just the newspapers will be deemed inventory.

What are the four different categories of inventory?

Raw materials/components, WIP, final products, and MRO are the four main categories of inventory.

To know more about inventory visit:

https://brainly.com/question/14184995

#SPJ1

Write a formula to return the first three characters in the last three characters in cell J one and excel

Answers

Use the Excel formula =LEFT(J1,3)&RIGHT to retrieve the first three characters and the final three characters from cell J1.(J1,3)

What Excel formula delivers characters in a cell that come after a certain character?

The delimiter, which can be any character or substring, is returned by the Excel TEXTAFTER function. You can select the target occurrence if the delimiter occurs more than once.

What formula yields the character count?

Enter =LEN(cell) in the formula bar and hit Enter on your keyboard to invoke the function. Multiple cells: Enter the formula in the first cell and then drag the fill handle down (or across) the range of cells to apply it to further cells.

To know more about Excel visit:-

https://brainly.com/question/30788953

#SPJ1

An office worker earns R6400-00 per month. His monthly expenses are 1/5 for rent, 2/7 for his car payment, 1/6 for insurance, 1/3 for other monthly living expenses and the rest he deposits in a savings account. How much does he save per month?

Answers

The office worker saves approximately R91.43 per month.

How to calculate How much does he save per month

To calculate the amount the office worker saves per month, we'll need to determine the portion of his income that is not spent on expenses.

Let's break down the monthly expenses:

Rent: 1/5 * R6400 = R1280

Car payment: 2/7 * R6400 ≈ R1828.57

Insurance: 1/6 * R6400 ≈ R1066.67

Other living expenses: 1/3 * R6400 ≈ R2133.33

Total expenses: R1280 + R1828.57 + R1066.67 + R2133.33 = R6308.57

To find the amount saved per month, we subtract the total expenses from the monthly income:

Monthly income - Total expenses = R6400 - R6308.57 ≈ R91.43

Therefore, the office worker saves approximately R91.43 per month.

Learn more about savings at https://brainly.com/question/25787382

#SPJ1

Give two examples of potential trade-offs of a high real GDP per capita

Answers

"Trade-off" is used in economics to mean the fact that budgeting inevitably involves letting go some of X to get more of Y. Read below about the examples of potential trade-offs.

What are the examples of potential trade-offs of a high real GDP per capita?

The following are the examples of potential trade-offs of a high real GDP per capita:

Somebody giving up the intent to see a movie to reading for a test in order to get a good grade. The opportunity cost is the cost of the movie and the enjoyment of seeing it.A business owns its building. If the organisation moves, the building could be rented to another. The opportunity cost of staying there is the amount of rent the organization would get.

Therefore, the correct answer is as given above

learn more about GDP per capita: https://brainly.com/question/18414212

#SPJ1

MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hours at a rate of $17 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $13,000 per month. The company’s policy is to end each month with direct materials inventory equal to 40% of the next month’s materials requirement. At the end of August the company had 3,480 pounds of direct materials in inventory. The company’s production budget reports the following. Production Budget September October November Units to be produced 5,300 6,900 6,300 (1) Prepare direct materials budgets for September and October. (2) Prepare direct labor budgets for September and October. (3) Prepare factory overhead budgets for September and October.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Direct material:

Each purse requires 3 pounds of direct materials for $4 per pound.

The company’s policy is to end each month with direct materials inventory equal to 40% of the next month’s materials requirement.

At the end of August the company had 3,480 pounds of direct materials in inventory.

Direct labor:

0.7 direct labor hours at a rate of $17 per hour.

Overhead:

Variable manufacturing overhead is charged at a rate of $3 per direct labor hour.

Fixed manufacturing overhead is $13,000 per month. T

Production Budget:

September= 5,300 units

October= 6,900 units

November= 6,300 units

1) Direct material budget:

September (in pounds):

Production= 5,300*3= 15,900

Desired ending inventory= (6,900*3)*0.4= 8,280

Beginning inventory= (3,480)

Total pounds= 20,700

Total cost= 20,700*4= $82,800

October (in pounds):

Production= 6,900*3= 20,700

Desired ending inventory= (6,300*3)*0.4= 7,560

Beginning inventory= (8,280)

Total pounds= 19,980

Total cost= 19,980*4= $79,920

2) Direct labor:

September:

Total direct labor hours= 0.7*5,300= 3,710

Total cost= 3,710*17= $63,070

October:

Total direct labor hours= 0.7*6,900= 4,830

Total cost= 4,830*17= $82,110

3) Manufacturing overhead:

September:

Variable overhead= $3*3,710= $11,130

Fixed overhead= 13,000

Total overhead= $24,130

October:

Variable overhead= $3*4,830= $14,490

Fixed overhead= 13,000

Total overhead= $27,490

Which statement best describes the current price for the good shown in this
graph of supply and demand schedules?
Supply and Demand Graph
Price of pizza
Demand curve Supply curve
$12.50
$10.00
$7.50
$5.00
$3.00
Current price
0
100 200 300 400 500
Quantity
O A. The current price equals the equilibrium price for the good.
B. The current price is higher than the equilibrium price for the good.
C. The current price will result in a low supply for the good
D. The current price will result in a low demand for the good.

Which statement best describes the current price for the good shown in thisgraph of supply and demand

Answers

Answer:

The Current price will result in a low supply for the good.

Explanation:

Answer above

The statement that most appropriately describes the current price for the goods displayed in the provided graph of demand and supply would be:

C). The current price will result in a low supply for the good.

The supply for a specific good depends on its price in the market. If the price is high, the firms like to supply more.While when the price of a good is low, the profit-making ability of the firms reduces significantly due to the reduction in price. As a result, the quantity supplied faces a fall. In the context of the given situation, since the price of Pizza is lower than the equilibrium price i.e. $3.00, the firms are not willing to supply more, and thus, the supply will become low.

Thus, option C is the correct answer.

Learn more about 'Supply and Demand' here:

brainly.com/question/13353440

Which statement best describes the current price for the good shown in thisgraph of supply and demand
Other Questions
What are the similarities between the Dutch Golden Age of painting and baroque paintings of Rubens and Caravaggio? 2 point a pneumatic system is producing 101 lb/in? of gauge pressure. a cylinder is needed to press an adhesive label onto a product. it has been determined that 13 ib of force is optimal to complete this task. what is the required diameter of the pneumatic cylinder? round to two decimal proces type your answer what difference exists between footballs used by the ncaa and the nfl? Nina buys a small rug that is in the shape of a kite as shown below.The width of the rug is half its height.Drag numbers to identify the width and the area of the rug.Numbers may be used once or not at all. Explain the importance of studying human genetics for the purpose of psychological research. PLEASE ANSWER QUICKLYYY use symbols to express the following (i just wanna check and see if im right) The first approximation of 337 can be written where the greatest common divisor of a b' and bis 1, with a as a= type your answer... b = b type your answer... a doctor in 1918 is presented with four patients, each of whom is infected with the spanish flu. the ages of the patients are as follows: 9 months, 4 years, 15 years, and 50 years. which of these patients will be most likely to demonstrate partial immunity to the spanish flu virus? following a stroke that disrupts blood flow to the pituitary gland, a client develops signs of hypopituitarism. which manifestations are unexpected findings? A hollow, thick-walled, conducting cylinder carries a current of 11.2 A and has an inner radius ri = r and outer radius ro = 3r/2, where r = 4.90 mm. Determine the magnitude of the magnetic field at the following distances from the center of the cylinder. (a) ra = r/2 T (b) rb = 5r/4 T (c) rc = 2r T Given f(x)=4x^2 - 1 and g (x) = 2x- 1 , find each function 1. ( f+g )( x ) 2. ( fg ) ( x )3. ( f^n ) ( x ) Select all that apply.Proofread the following written conversation carefully. Identify the types of errors the writer made.Cassandra, have you completed your paper on giving technical directions yet? asked Tanner."Yes," Cassandra replied. "All I have to do is figure out a good title. Do you think you could help me?""Sure, I'm good at that kind of thing," Tanner bragged. "Great! Thanks," responded Cassandra.using quotation marks around an indirect quotefailing to use quotation marks where neededputting punctuation on the wrong side of the quotation marksfailing to change paragraphs as neededusing the wrong punctuation for a title the primary use of ____________________ is to promote understanding via comparisons and contrasts. Are e-cigarettes a reliable cessation aid? Or an attempt from tobacco companies to find a new way into the market? what region of north amrica did the iriquious live in Two hundred twelve adults and one hundred eighty children attended a county fair one night. If the adult admission price was $7.50 and the children's admission was $3.00, how much money was paid for admissions? What was a water frame and how did it work? which function best represents the number of operations in the worst-case? start = 0; while (start < n) { start; } a. f(n)=n 2 b. f(n)=n 3 c. f(n)=2n 1 d. f(n)=2n 2 write a letter to national planning commission mentioning the major challenges of the development projects in nepal. Answer fast please and thank you