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Ronch
20 days ago
11

Stefan Ceramics is in the business of selling ceramic vases. It has two​ departments, molding and finishing. Molding department

purchases tungsten carbide and produces ceramic vases out of it. Ceramic Vases are then transferred to finishing​ department, which designs it as per the requirement of the customers. During the month of​ July, molding department purchased 720 kgs of tungsten carbide at​ $280 per kg. It started manufacture of​ 4,200 vases and completed and transferred​ 3,800 vases during the month. It has 400 vases in the process at the end of the month. It incurred direct labor charges of​ $1,500 and other manufacturing costs of​ $1,300, which included electricity costs of​ $300. Stefan had no inventory of tungsten carbide at the end of the month. It also had no beginning inventory of vases. The ending inventory was​ 50% complete in respect of conversion costs. Which of the following journal entry would record the tungsten carbide purchased and used in production during​ July?
Business
1 answer:
harina [3.8K]20 days ago
6 0
The journal entries to be recorded are as follows: For Stefan Ceramics, the first entry to recognize the purchase of 720 kgs of tungsten carbide at $280 per kg, totaling 291,600 would involve debiting Merchandise Inventory and crediting Accounts Payable/Cash for 291,600. The second entry documents the use of 720 kgs of tungsten carbide, transferring the full amount used to Work in Process, with the corresponding credit to Merchandise Inventory, also for 291,600.
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An individual's ethics or values can significantly influence their job performance. While general ethics may not directly affect effectiveness or efficiency, poor ethical behavior can severely impact career progression. For instance, an employee who claims sole credit for a colleague's accomplishments risks diminishing their credibility, reducing their chances of promotion. Conversely, those who demonstrate strong ethics, such as being sincere and direct even in uncomfortable situations, often gain recognition from peers and superiors alike, thereby improving their likelihood of receiving advancements.
7 0
1 month ago
If your credit card limit is $800 and your outstanding balance is $725, what is the largest amount you can charge on that card i
Free_Kalibri [3773]

Answer:

The correct selection is option "C": $75.

Explanation:

The outstanding balance on a credit card shows how much the user has spent against the card's credit limit. It also indicates the debt owed to the issuing bank. Once the outstanding balance is cleared, the total credit limit becomes available again.

Therefore, with a credit limit of $800 and an outstanding balance of $725, the maximum amount the account holder can charge next month is $75 ($800-$725 = $75).

3 0
2 months ago
Delta cabinets has 13,000 shares of stock outstanding at a market price of $19 a share. the earnings per share are $1.34. the fi
Katen [3525]

After the dividend, the company's:

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c. shareholder value per share will amount to $18.60.

d. stock price will be $19.00.

e. earnings per share will equal $.94.

The result is: b

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Ex-dividend Price = Share price before dividend - dividend amount per share

Ex-dividend price = $18.6 ($19 - $0.40)

Using this ex-dividend price, we can calculate the P/E ratio after the dividend.

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8 0
1 month ago
In may, the price of a pair of jeans was 250% of its wholesale cost. in june, the price was reduced by 25%. after an additional
arsen [3447]
To work this out, we have to reverse the steps:
After the July discount of 50%, the price of the jeans is $25.50
Thus, the original price before this discount was 2 * $22.50 = $45
In June, the cost was decreased by 25%.
45 ------------------75%
x --------------------100 %
45: x = 75: 100
45 * 100 = 75 x
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x = 4,500: 75
x = $60
Finally, in May the jeans were priced at 250% of their wholesale cost.
60 ----------------- 250%
x -------------------100 %
60: x = 250: 100
6,000 = 250x
x = 6,000: 250
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Conclusion: The wholesale cost of the jeans was $24.

4 0
1 month ago
Read 2 more answers
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soldi70 [3635]

Respuesta:

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= 4000 × $400 × 4

= $6,400,000

7 0
1 month ago
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