Cost retail inventory, 12/31/20 $250,000 $390,000 purchases 914,500 1,460,000 purchase returns 60,000 80,000 purchase discounts 18,000 — gross sales revenue — 1,410,000 sales returns — 97,500 markups — 120,000 markup cancellations — 40,000 markdowns — 45,000 markdown cancellations — 20,000 freight-in 42,000 — employee discounts granted — 8,000 loss from breakage (normal) — 4,500 assuming that waveland inc. uses the conventional retail inventory method, compute the cost of its ending inventory at december 31, 2021. (round ratios for computational purposes to 0 decimal places, e. g 78% and final answer to 0 decimal places, e. g. 28,987.) ending inventory using the conventional retail inventory method $

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

Rats that received electric shocks were unlikely to develop ulcers if the

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?