Wright Corporation had the following information available for December of the current year:Work in process, December 1 $20,000 Materials placed into production, December 27,500 Direct labor, December 37,500 Plantwide overhead rate is 150% of direct labor costs. Job cost sheets had the following balances: Job Z1 $32,500 Job Z2 55,000 Job Z3 35,000 Job Z4 18,750 Jobs Z3 and Z4 were not completed at the end of December. What is the balance in work-in process for Wright at the end of December? Select one:
a. $85,000
b. $87,500
c. $56,250
d. $53,750
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Wright Corporation had the following information available for December of the current year:Work in process, December 1 $20,000 Materials ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What economic challenge did the newly formed American federal government face? Which act created nationally chartered banks and circulated notes backed by the federal government? What economic event led to the creation of the Federal Reserve?
Answers (2)
Princeton Company acquired 75 percent of the common stock of Sheffield Corporation on December 31, 20X9.
Answers (1)
Suppose that jack, hal, and sophia enter into an agreement in regards to the sale of the restaurant. the contract includes the non-competition agreement.
Answers (1)
Tasha would like to work in a Securities and Protective Services job. Which qualifications would she need to succeed? a.) observational skills, critical thinking, and physical strength b.) knowledge of fire hazards, courage, and driving skills c.
Answers (1)
The price of home computers and other electronics have dropped significantly in the last decade. However, while Apple products have also dropped in price, demand for their products relatively inelastic compared to those of other manufacturers.
Answers (1)
New Questions in Business
1. According to the Small Business Administration, the percentage of businesses that survive the first five years is about A 44%. B. 50%. C. 67%. D. 75%.
Answers (2)
Suppose the civilian noninstitutionalized working age population is 35.9 million in Laborland, 4.6 million are working part time, and 15.71 million are working full time.
Answers (1)
Managerial accounting reports and information are used by external users and financial accounting by internal users. true or false
Answers (1)
Who from among the following would be classified as out of the labor force? Brenda Smith, an 18 year old college student employed part-time at a fast food restaurant. Mario Faubert, a NHL hockey player at home sick with the flu.
Answers (1)
The Heating Division of Kobe International produces a heating element that it sells to its customers for $46 per unit. Its variable cost per unit is $29, and its fixed cost per unit is $5.
Answers (1)