Answer:
See explanation
Explanation:
See the images to get the result.
Answer:
COGS= $680500
Explanation:
The cost of goods sold refers to the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the goods along with the direct labor costs used to produce the goods. It excludes indirect expenses, such as distribution costs and sales force costs.
COGS=Beginning Inventory+Production during period−Ending Inventory
We need to calculate the production during the period.
Cost of manufactured period= Beginning work in progress inventory+ direct materials + direct labor + factory overhead - ending work in progress
Cost of manufactured period= 118,500+ 298,500 + 132,000 + 264,000 - 125,900 =$687,100
COGS= 232,100 + 687,100 - 238,700=$680500
Answer:
The answer is $37,800
Explanation:
Franco and Jason share profit and loss in the ratio 2:1.
2 is for Franco and 1 is for Jason.
The addition of the two ratios is 3.
Jason's capital account will be his salary minus his share from the loss.
Jason's share from the loss is:
1/3 x $15,300
=$5,100
Jason's salary is $42,900
Therefore, Jason's capital account will increase by:
$42,900 - $5,100
$37,800
Answer: A. activities that cause costs to increase as the activity increases.
Explanation: Cost drivers activities that cause costs to increase as the activity increases such as units of electricity on the total cost of electricity. Costs are the main determinants of the continuity of businesses. So long the costs of production are kept low, lower than revenue, then there is profit and probability of expansion, otherwise, the business faces risk of shutting down.
