Claire Corporations trial balance includes the following expenses: Assuming that this list represents all expenses for the
Question:
Claire Corporation’s trial balance includes the following expenses:
Assuming that this list represents all expenses for the year, what amount should Claire report as a period (non-product) expense?
a. $74,000
b. $83,000
c. $101,000
d. $107,500
Transcribed Image Text:
Raw materials used in production Raw materials purchased.. General manager salary.. Sales manager salary. Direct labor incurred.. General liability insurance premium. Factory rent Office lease. Factory utilities Depreciation on factory equipment. $ 5,500 6,500 50,000 30,000 130,000 3,000 24,000 18,000 12,000 14,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Mwangi Clement
I am a tried and tested custom essay writer with over five years of excellent essay writing. In my years as a custom essay writer, I have completed more than 2,000 custom essays in a diverse set of subjects. When you order essays from me, you are working with one of the best paper writers on the web. One of the most common questions I get from customers is: “can you write my essay?” Upon hearing that request, my goal is to provide the best essays and overall essay help available on the web. I have worked on papers in subjects such as Nursing and Healthcare, English Literature, Sociology, Philosophy, Psychology, Education, Religious Studies, Business, Biological Sciences, Communications and Media, Physical Sciences, Marketing and many others. In these fields, my specialties lie in crafting professional standard custom writings. These include, but are not limited to: research papers, coursework, assignments, term papers, capstone papers, reviews, summaries, critiques, proofreading and editing, and any other college essays.
My extensive custom writings experience has equipped me with a set of skills, research abilities and a broad knowledge base that allows me to navigate diverse paper requirements while keeping my promise of quality. Furthermore, I have also garnered excellent mastery of paper formatting, grammar, and other relevant elements. When a customer asks me to write their essay, I will do my best to provide the best essay writing service possible. I have satisfactorily offered my essay writing services for High School, Diploma, Bachelors, Masters and Ph.D. clients.
I believe quality, affordability, flexibility, and punctuality are the principal reasons as to why I have risen among the best writers on this platform. I deliver 100% original papers that pass all plagiarism check tests (Turnitin, Copyscape, etc.). My rates for all papers are relatively affordable to ensure my clients get quality essay writing services at reasonable prices.
4.50+
5+ Reviews
14+ Question Solved
Related Book For
Managerial Accounting For Undergraduates
ISBN: 9781618533098
2nd Edition
Authors: James Wallace, Scott Hobson, Theodore Christensen
Question Posted:
Students also viewed these Business questions
-
The following questions are used in the Kaplan CPA Review Course to study current liabilities and contingencies while preparing for the CPA examination. Determine the response that best completes the...
-
The following questions are used in the Kaplan CPA Review Course to study leases while preparing for the CPA examination. Determine the response that best completes the statements or questions. 1. A...
-
The following is the final trial balance (after the adjusting and closing entries had been made) for Hartman Company as at August 31, 2011. Hartman adjusts and closes its books at the end of each...
-
A projectile launcher fires a marble of mass 2 5 grams perfectly vertical. The launcher uses a spring with a constant, k , of 6 0 . 0 Newtons / meter . If the spring is depressed 1 5 centimeters and...
-
An electron in a hydrogen atom is in a state with l = 5.What is the minimum possible value of the semi-classical angle between and Lz?
-
Some FIR filters present a rational transfer function: (a) Show that the transfer function \[H(z)=\frac{\left(r^{-1} z ight)^{-(M+1)}-1}{r e^{\mathrm{j} 2 \pi /(M+1)} z^{-1}-1}\] corresponds to an...
-
The supply curve of a foreign currency is _________ sloping.
-
Taussig Technologies Corporation (TTC) has been growing at a rate of 20% per year in recent years. This same supernormal growth rate is expected to last for an other 2 years (g1 = g2 20%) (a) If D0 =...
-
Fallen Oak, Inc. reported actual gross profit of $115,000. Fallen Oak also reported a materials price variance of $840 favorable, a materials quantity variance of $1,200 favorable, a labor price...
-
Claire Corporations trial balance includes the following expenses: Assuming no change in the work-in-process and finished goods inventory balances for the year, what total amount should Claire report...
-
Which one of the following refers to a cost that remains the same as the volume of activity decreases within the relevant range? a. Average cost per unit b. Variable cost per unit c. Unit fixed cost...
-
Describe the role and responsibilities of the budget committee and the budget director.
-
Your supervisor is interested in possibly redesigning the office space of your department (10 people) from individual offices to one large, shared workspace. She has asked you to investigate the...
-
What you probably noticed during the Transnational Capital Auction was the "race to the bottom." Various countries underbidding each other can quickly lead to selling out the workers and enabling...
-
Richard Weaver argues that western education should give privileged position to the inherited culture of the West, and perhaps particularly to western rhetorical traditions. Do you agree that this is...
-
Scenario: Negotiating for a Promotion: An advertisement has been placed on your company's and on major recruitment websites for a great opportunity to be employed as Country Manager at ABC insurance...
-
Scenario NationaliTeas is an online tea shop that's seen a rise in popularity. The company has grown from a small domestic business with 10,000 customers a month to a global organization that serves...
-
Air goes through a polytropic process from 125 kPa, 325 K to 300 kPa and 500 K. Find the polytropic exponent n and the specific work in the process.
-
A. Select a recent issue (paper or online) of Report on Business Magazine, Canadian Business Magazine (online only), Bloomberg Businessweek, Fast Company, The Economist, or another business magazine....
-
Drinks Plc plans to produce a new drink called Teatime. It is anticipated that variable costs will amount to 50p (0.50) per drink. The company will produce Teatime in a processing facility with a...
-
The following facts describe Larsen & Toubro Ltd's component costs of capital and capitalstructure. Based on the information given, calculate Larsen & Toubro's WACC. Component Costs of Capital (%)...
-
Three persons are randomly selected each year to serve as President, Vice President and Treasurer of a club. Suppose there are 15 males and 10 females in this club, all who are eligible to be...
Study smarter with the SolutionInn App