Answer:
cost of goods manufactured= $5,000
Explanation:
Giving the following information:
Beginning Finished Goods Inventory= 12,000
Ending Finished Goods Inventory= 8,000
Cost of Goods Sold= $9,000
To calculate the cost of goods manufactured, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
Isolating cost of goods manufactured
cost of goods manufactured= -beginning finished inventory + COGS + ending finished inventory
cost of goods manufactured= -12,000 + 9,000 + 8,000
cost of goods manufactured= $5,000
Answer:
E. Deep-level
Explanation:
Deep-level diversity can be described as traits like values, beliefs, and attitudes that are not observable early but more direct experience makes it to become understood later.
Examples of what indicates deep-level diversity are difference in values, and personality differences between people.
Therefore, deep-level diversity refers to diversity with respect to attributes that are less easy to observe initially but that can be inferred after more direct experience.
Answer: $1.3 million
Explanation:
Based on the information given in the question, if this change delayed check clearing by 1 week, then the annual savings that were realized will be:
= Weekly payroll × Cost of short term funds
= $10 million × 13%
= $10 million × 0.13
= $1.3 million
Annual savings realized is $1.3 million.
Answer:
Volume variance= $1,800 unfavorable
Explanation:
Giving the following information:
Standard fixed overhead per direct labor hour $3
Standard direct labor hours per unit 0.75
Budgeted production 3100
Budgeted fixed overhead costs $6975.00
Actual production in units 3900
Actual fixed overhead costs incurred $2200.00
To calculate the fixed overhead volume variance, we need to use the following formula:
Volume variance= budgeted fixed overhead - fixed overhead applied
Volume variance= 6,975 - [3*(3,900*0.75)]
Volume variance= 6,975 - 8,775= $1,800 unfavorable
