Question: plz solve fastly Time left 1:55:12 Question 29 Not yet answered Marked out of 0.00 Flag question The total prime cost for company XYZ was

plz solve fastly plz solve fastly Time left 1:55:12 Question 29 Not yet answered Marked

Time left 1:55:12 Question 29 Not yet answered Marked out of 0.00 Flag question The total prime cost for company XYZ was three times the conversion cost. The direct labor cost was $20,000 while the manufacturing overhead cost was $30,000. How much was the direct materials cost (SP2 O a 120,000 Ob. 90.000 Oc 150.000 O d. 130,000 Oe None of the given answer Question 30 Not yet answered Marked out of 050 P Flas Question Which of the following statements regarding work in process is not correct? a Work in Process Inventory is credited to record direct material used and direct labor incurred. b. Work in process is partially completed inventory. Oc Work in process consists of direct labor, direct material, and applied manufacturing overhead. O d. None of the given answer. oe. Work in Process Inventory appears on the year end balance sheet

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

please solve all Time left 0:29:48 Question 6 Not yet answered Marked out of 1 P Flag question ABC Company has the following information about its inventories as of December 31, 2020; Inventories...

James took out a business loan on 30 October 2019. The loan attracts interest at the rate of 10% per annum, payable 6 monthly in arrears. If the business year end is 31 December 2019, then 2 months...

Good day, I would like assistance with the following questions please include calculations where applicable. Question 1 Not yet answered Marked out of 2.00 P Flag question A company absorbs factory...

Good day I would like assistance with the following questions kindly include the calculations where applicable. Question 21 Not yet answered Marked out of 2.00 P Flag question Double Quality...

Please solve all questions. estion 1 tyet swered arked out of XYZ Company is preparing its direct materials budget. Budgeted production for January, February, March, and April are 5000 units, 7000...

Good day kindly assist with all questions, your answer will be appreciated thank you! Question 1 Not yet answered The catch lounge which uses the high-low method, reported total costs of $24 per unit...

Please help with assignment 2 MAC2601. assignment attched MAC2601/103/1/2016 Tutorial letter 103/1/2016 Principles of Management Accounting MAC2601 Semester 1 Department of Management Accounting...

plz solve fastly Question 33 Not yet answered Marked out of 0.80 PF question For XYZ Company, the following information related to costs is available for the last quarter: direct materials $1,000,...

Question 55 1. Select the write definition of Project Management Not yet aldefinition of Project Management. Quiz answered Select one: Marked out of 1.00 O a. the application of knowledge, skills,...

Describe the five drivers of industry competition and apply them to the analysis of a new chain of stores that sells teen-oriented furniture and accessories. What competitive strategy would you use...

What advantages might a socialist system have in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January, 2010?

ents In the contect of product differentiation and planning, the term refiers to the advantage that a consumer gains from specific prodect featires. beand extensive prodact consinsency customer...

A random sample of 43 biology students in a science program are selected for a study. Of those selected, only 27 passed the mid term exam. At the 5% significance level, is there sufficient evidence...

Many men as well as women are committed to ending violence against women. To learn more about men who are committed to stopping violence, go to the books online resources for this chapter and click...

To what extent are long-term romantic relationships equitable for women and men?

Some societies have more rigid lines for class membership than the United States does. One of the most rigid systems is the caste system in India. To learn about how a persons caste affects his or...