Suppose that the allowance factor for a job is 0.15, and the normal time is 8 hours. What is the standard time?

Q: The cost of goods sold is found on which financial statement? (1) Income Statement (2) Balance Sheet…

A: Explanation of Cost of Goods Sold (COGS):Cost of Goods Sold (COGS) refers to the direct costs…

Q: JAX Manufacturing has fixed overhead costs of $65,000 per month and variable costs of $4 per unit.…

A: Concept of Fixed Costs:Fixed costs are expenses that remain constant regardless of the level of…

Q: The gross profit margin?

A: Detailed explanation:Sales  $ 335,000…

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A: Concept of Selling Price per Unit:The selling price per unit represents the amount a company charges…

Q: Given the information in the table below, what is the company's gross profit? Sales revenue $460,000…

A: Explanation of Sales Revenue: Sales revenue is the total amount of money a company receives from…

Q: Hi expert please give me answer general accounting

A: Step 1: Definition of Cost of Goods Manufactured (COGM)COGM refers to the total production cost of…

Q: Provide correct answer general Accounting

A: Step 1: Define Return on Common Equity (ROCE)ROCE compares a company's income to the amount of…

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A: Step 1: Definition of Lower of Cost or Market (LCM)The Lower of Cost or Market (LCM) principle is an…

Q: equity in the business must have:??

A: The accounting equation states:Assets = Liabilities + EquityFor the Equity:Equity = Assets −…

Q: At the beginning of the year, Morales Company had total assets of $865,000 and total liabilities of…

A: Given:Beginning of year:Total Assets: $865,000Total Liabilities: $528,000Stockholders' Equity…

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A: To compute the total cost transferred out during the month, we need to calculate the cost per…

Q: If a company's net income for the year is $115,000 and its total assets at the beginning of the year…

A: Explanation: The formula to calculate the Return on Assets (ROA) is as follows:ROA = (Net…

Q: A product has a selling price of $63, variable costs of $55, and fixed costs are $72,000. How many…

A: Concept of Selling PriceThe selling price is the amount a customer pays for one unit of a product or…

Q: Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as…

A: Step 1: Key Data for Drawing DepartmentWork in process, June 1:Units: 7,400Percent complete…

Q: Determine the cost of the patent??

A: Step 1: Define Intangible AssetsFixed assets are broadly classified into tangible and intangible…

Q: Can you please answer the accounting question?

A: Calculation of Total AssetsTotal Assets = Current Asset + Fixed Assets                       =…

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A: Step 1: Define EquityEquity is the portion of an asset that belongs to the owner. It could be…

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A: Concept of Net IncomeNet Income represents the total profit a company earns after deducting all…

Q: Provide answer general Accounting question

A: Step 1: Define Return on equityThe return on equity is a method used to determine a firm's equity…

Q: Sheffield Company reports pretax financial income of $63,900 for 2017. The following items cause…

A: Step 1: Determine Taxable IncomeTo calculate taxable income, we start with the pretax financial…

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A: Explanation of Total Manufacturing Cost:Total manufacturing cost represents the combined costs of…

Q: What is the beginning raw materials inventory? Accounting.

A: To determine the beginning raw materials inventory, we use the formula for raw materials inventory:…

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A: Step 1: Definition of the Accounting EquationThe accounting equation is the foundation of…

Q: The total job cost for job p951 ???

A: Step 1: Define Total Job CostThe total job cost in job-order costing refers to the sum of the direct…

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A: Step 1: Define Return on Equity (ROE)The return on equity ratio denotes the net income made by a…

Q: What was the company's net operating income for the year on these general accounting question?

A: Step 1: Define Return on Investment (ROI)Return on Investment is a financial metric used to measure…

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A: Step 1: Define Adjusting Entry for Unearned RevenueWhen rent is received in advance, it is initially…

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A: Explanation: In accounting, there are three types of accounts - Real accounts; Personal accounts;…

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A: Step 1: Define Direct Materials BudgetThe direct materials budget is used to determine the quantity…

Q: Calculate the contribution margin per unit, in total, and as a ratio.

A: Step 1: Key InformationSelling Price per Unit: $90Variable Cost per Unit: $50Fixed Costs: $2,500 per…

Q: What are the equipment unit for conversion cost

A: Step 1: Definition of Equivalent UnitsEquivalent units are the number of units that could have been…

Q: Please solve this question general accounting

A: For your convenience, I will solve a few more 5).Conversion cost = Direct Labor + overhead…

Q: General accounting

A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…

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A: Step 1: Definition of High-Low MethodThe high-low method is a technique used to estimate the fixed…

Q: Provide correct answer the following requirements on these accounting question

A: Step 1: Define Key MetricsKey metrics are measurable values that organizations use to track,…

Q: Calculate it's gross profit?

A: Step 1: Define Gross Profit MarginIn financial accounting, the gross profit margin, also known as…

Q: Please provide answer the following requirements on these financial accounting question

A: Total Assets = Current Assets + Net Fixed Assets                       = $4,500 + $8,200…

Q: If the company's growth rate is 5 percent?? General accounting

A: Step 1: Total Value of the Firm (V)The value of the firm (V) under perpetual growth can be…

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A: 1. Classification of Activities in the Cash Flow Statement:The cash flow statement is divided into…

Q: general account this is questions

A: The correct answer is:D. debit to the owner's withdrawals account  Explanation:When the owner…

Q: Need help with this general accounting question

A: Step 1: Define Direct Materials BudgetThe direct materials budget is prepared to estimate the…

Q: What is the ratio

A: Explanation of Inventory Turnover Ratio: Inventory turnover ratio is a key efficiency metric that…

Q: What is the profit margin for this general accounting question?

A: Step 1: Define Profit MarginProfit margin is a financial ratio that measures the percentage of net…

Q: How much is the cost of goods sold for the period???

A: Step 1: Define InventoryInventory is the number of goods that will be carried forward to the next…

Q: A company’s beginning inventory is $13,000, purchases during the period are $33,000, and the ending…

A: Concept of Beginning Inventory:The beginning inventory refers to the value of a company's stock of…

Q: What is ROA?

A: We are required to compute for the return on assets.Return on assets (ROA) is a profitability ratio…

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A: Step 1: Define Absorption CostingAbsorption costing is also known as full costing and it is used by…

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A: Step 1: Define Overapplied and Underapplied OverheadOverapplied or underapplied overhead is the…

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A: Step 1: Define Absorption costingAbsorption costing is a managerial accounting system different from…

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A: Step 1: Definition of Rate Earned on Total AssetsThe rate earned on total assets is a financial…