I need to have these have the work shown in the answer. I provided the correct a
ID: 2358418 • Letter: I
Question
I need to have these have the work shown in the answer. I provided the correct answer from the test now I just have to show the work. Please help!!!! 1. If patron company had net income of $540,000 in 2013 and experienced a 30% increase in net income over 2012, what was its 2012 net income? (show work) answer - $415,385 2. Builder Bug Company allocates overhead at $9 per direct labor hour. Job a45 required 4 boxes of direct materials at a cost of $30 per box and took employees 15 hours to complete. Employees earn $15 per hour. Compute the total cost of job a45. (show work) answer - $480 3. Criba Manufacturing Company has the following data: Direct labor $430,000, direct materials used $421,000, total manufacturing overhead $206,000, and begining work in process $47,000. Compute the total manufacturing costs and total work in process (show work) answer- manufacturing costs- $1,057,000 and total work in process $1,104,000 Thank you and I appreciate the help!!!!Explanation / Answer
1) Net income of 2012= $540,000/1.3= $415,385 2) Total cost of job= 4*$30+($9+$15)*15hrs= $480 3) Total manufacturing cost= $430,000+$421,000+$206,000=$1,057,000 and, Total work in process= $47,000+$1,057,000= $1,104,000