Information on an entity's plan assets is as follows: Fair value of plan assets, Jan.1 360,000 Return on plan assets 80,000 Contributions to the retirement fund during the 480,000 year Benefits paid to retirees 120,000 Actuarial gain 60,000 How much is the fair value of plan assets as of year-end? O 720,000 O 800,000 O 920,000

Information on an entity's plan assets is as follows: Fair value of plan assets, Jan.1 360,000 Return on plan assets 80,000 Contributions to the retirement fund during the 480,000 year Benefits paid to retirees 120,000 Actuarial gain 60,000 How much is the fair value of plan assets as of year-end? O 720,000 O 800,000 O 920,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A project ABC is planned for 15 months with a budget (BAC) of USD 150,000. If the scheduled percent of work completed after three months is 20% and the actual work completion is 15%, Find the schedule variance and schedule performance index also conclude the project status that you will identify after calculating SV and SVI.
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A cell-phone repair shop consists of three processes. Step 1 requires 6 minutes per unit, step 2 requires 5 minutes per unit and step 3 requires 7 minutes per unit. 30% of units that complete the third step require rework, which means those units must start the process over at step 2 (processing times are the same for units being reworked) and rework is always successful. Demand at the shop is 0.5 units per minute. Instruction: Round your answer to three decimal places. What is the capacity of the shop (in units per units per minute)? units per minute
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XYZ Company is working on its direct labor budget for the next quarter (January, February and March). Each unit of product requires 0.4 hours (24 minutes) of direct labor. The direct labor normal rate is $5 per direct labor-hour. The company's direct labor work force consists of permanent employees who are guaranteed to be paid for at least 1,800 hours of work each month. If the number of required direct labor hours is less than this number, the workers are paid for 1,800 hours any way. Any hours worked in excess of 1,800 hours in a month are paid at the rate of 1.5 times the normal hourly rate for direct labor. The production budget calls for producing 5,000 units in January, 4,000 units in February, and 6,000 units in March. What would be the budgeted total direct labor cost for the quarter? Select one: O a. $39,600 b. $33,000 O c. None of the given answers O d. $30,000 o e. $46,200
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