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dusya [7]
1 year ago
13

The following information relates to the manufacturing operations of the Abbra Publishing Company for the year: Beginning Ending

Raw materials inventory $ 547,000 $ 610,000 The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to:
Business
1 answer:
aleksandr82 [10.1K]1 year ago
7 0

Raw materials purchased during the year amount to: $1,081,000

<u>Giving the following information:</u>

Beginning Ending Raw materials inventory$547,000 $610,000

The raw materials used in manufacturing during the year totaled $1,018,000

<u>To calculate the direct material purchased, we need to use the following formula:</u>

Beginning Raw Materials + Purchases – Ending Raw Materials = Raw Materials Used

$547,000 + Purchases – $610,000 = $1,018,000;

Purchases = $1,018,000 + $610,000 – $547,000 = $1,081,000

<h3>What is the Cost of Raw Materials Purchased?</h3>

Purchases of raw materials, consumables and services are purchases of all commodities used as inputs in the production process and of services related to the supply of factors of production, such as renting property or equipment, leasing, temporary staff, and, in general, all outside services purchased for own use.

The cost of raw materials purchased can therefore be calculated as follows: Raw Materials Purchased = (Ending Inventory – Beginning Inventory) + Cost of Goods Sold. A direct material purchases budget determines the quantity of material purchased within a production period.

Your question is incomplete, but most probably your full question was:

The following information relates to the manufacturing operations of the Abbra Publishing Company for the year:

Beginning Ending Raw materials inventory $547,000 $610,000.The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to:

A. $955,000.

B. $892,000.

C. $1,565,000.

D. $408,000.

E. $1,081,000.

Learn more about Cost of Raw Materials Purchased on:

brainly.com/question/24258358

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Answer:

<em>Carlton files a petition in bankruptcy. One of the goals of bankruptcy law with respect to a debtor is </em><em>to </em><em>provide a fresh start, free from creditors' claims </em>

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In 2016, a grandfather gave a life estate to his grandson and a remainder interest to his granddaughter. Each interest is valued
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The National Bank Act of 1864 established the national banking system in the United States. The Act still governs U.S. national
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Answer:

The answer is True

Explanation:

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3 years ago
Which kind of data warehouse is created separately from the enterprise data warehouse by a department and not reliant on it for
Lana71 [14]

Independent Data Mart is created separately from the enterprise data warehouse by a department and not reliant on it for updates

<h3>What is an independent data mart?</h3>

Data marts are one of the keys to effectively converting information into insights in a market dominated by big data and analytics. Large data sets are normally dealt with by data warehouses, yet easy-to-find and immediately available data are needed for data analysis. Should a business person have to run difficult queries in order to acquire the data they require for their reports? No, which is why savvy businesses employ data marts.

Often a partitioned section of an enterprise data warehouse, a data mart is a subject-oriented database. Typically, a data mart's subset of data corresponds to one particular business unit, such as sales, finance, or marketing.

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For more information on Data mart, refer to the given link"

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4 0
1 year ago
Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each
Alexxx [7]

Answer:

Sales Revenue  = 441,000

COGS  4,900 x 38 = 186,000

Gross Profit 254.800

Selling variable 4,900 x 2 = 9,800

Selling and administrative 65,200

Net Income 179,800

Explanation:

Sales

4,900 x 90

COGS

Fixed 78,000/6,000 = 13

Variables 25

Unit cost 38

4,900 x 38 = 186,200

Selling variable

4,900 x 2 = 9800

5 0
3 years ago
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