Reference no: EM131717242
Question - On July 1, Tin Hau Company's Work in Process Inventory account showed a beginning balance of $9,000. The Materials Inventory account showed a beginning balance of $40,000. Production activity for July was as follows:
(a) Direct materials costing $28,800 were requested for production;
(b) Total production-related payroll was $10,600, of which $2,600 was used to pay for indirect labor;
(c) Indirect materials costing $8,400 were purchased and used;
(d) Overhead was applied at a rate of 120 percent of direct labor costs.
1. Record Tin Hau's materials, labor, and overhead costs for July in T accounts.
2. Compute the ending balance in the Work in Process Inventory account. Assume a transfer of $45,000 to the Finished Goods Inventory account during the period.
|
Compute basic and diluted earnings per share
: Compute basic and diluted earnings per share (rounded to 2 decimal places) for Entity A for 2016. Net income for 2016 was $540,000. The income tax rate is 40%
|
|
Discuss particularly concerning the dual-process approach
: Based on social psychological research, particularly concerning the dual-process approach, what should you advise them to do
|
|
Determine investment of capital in the proposed new bank
: If the organizers require a minimum of a 10 percent annual rate of return on their investment of capital in the proposed new bank, are they likely to proceed.
|
|
Discuss the social psychology can come from the lecture
: The social psychology can come from the lecture, book, or both.Being able to explain a complicated topic in clear
|
|
Record tin hau materials labor and overhead costs
: On July 1, Tin Hau Company's Work in Process Inventory account showed a beginning balance of $9,000. Record Tin Hau's materials, labor, and overhead costs
|
|
Explain how leaders emerge during challenging times
: Explain How Leaders Emerge During Challenging Times? Review and research the below case study and write a 3-5 page essay answering the questions provided.
|
|
Conduct internet research on a company
: Conduct Internet research on a company that has experienced a breach of security of its customers' information.
|
|
Will andover proceed with branch office project
: Andover Savings Bank is considering the establishment of a new branch office at the corner of Lafayette and Connecticut Avenues.
|
|
Describe the types of law libraries their uses
: Describe the publication and codification of statutory law, and the publication of case laws and judicial opinions
|