On January 1, Jackson, Inc's Work-in-Process Inventory account showed a balance of $65,800
During the year, materials requisitioned for use in production amounted to $70,900, of which $67,400 represented direct materials. Factory wages for the period were $209,000 of which $186,600 were for direct labor. Manufacturing overhead is allocated on the basis of 60% of direct labor cost. Actual overhead was $116,340. Jobs costing $353,220 were completed during the year. The December 31 balance in Work-in-Process Inventory is ________.
A) $65,800
B) $319,800
C) $431,760
D) $78,540
D .
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A unitary elastic demand:
a) means that the ratio of a change in quantity demanded to a change in price is equal to 1. b) means that the ratio of a percentage change in quantity demanded to a percentage change in price is equal to 1. c) means that the ratio of a change in price to a change in quantity demanded is equal to 1. d) is illustrated by a vertical demand curve. e) is illustrated by a horizontal demand curve.
Part of life event number 1, getting started, is laying the groundwork for your financial goals. Which of the following is part of laying the groundwork?
A) Establishing a budget B) Checking your credit score C) Establishing an emergency fund D) All of the above are correct. E) Only A and B are correct.