Cost relationships; normal costing systemmcallister. incl employs a normal costing system. the following information pertains to the year just ended.- total manufacturing costs were $2,500,000.0 cost of goods manufactured was $2,425,000.0 applied manufacturing overhead was 30 percent of total manufacturing costs.0 manufacturing overhead was applied to production at a rate of 80 percent of direct-labor costs- work-in-process inventory on january 1 was 75 percent of work-in-process inventory on december 31.required: 1. compute the total direct-labor cost for the year.1 calculate the total cost of direct material used during the year.3. compute the value of the company's work-in-process inventory on december 31.

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity

You want to have $80,000 in your savings account 11 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. if the account pays 6.30 percent interest, what amount must you deposit each year? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.