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babymother [125]
2 years ago
8

Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies fo

r the month of December:
Business
1 answer:
Andre45 [30]2 years ago
5 0

1. The missing amounts should be determined in the following manner:

On Company A. Materials inventory December 1 Materials inventory December 31-+Materi also purchased -Cost of direct materials

Off Company Total manufacturing costs incurred in December -Direct labor Cost of direct materials used in production -Factory

2. On Company's statement of goods manufactured should be prepared as follows:

On Company Statement of Goods Manufactured For the Month of December 2016 Materials inventory December 1 Add: Purchases Total

3. On Company's income statement should be prepared as follows:

On Company Income Statement For the Month of December 2016 Sales 1,127,000 827.400 299,600 Less: Operating expenses 117,600.

Learn more about income statements at

brainly.com/question/24498019

#SPJ4

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Zoe is a CEO of corporation she organized herself and the corporation has 15 shareholders the company operates in several States
Harlamova29_29 [7]

Answer: closely held

Explanation:

Based on the information that are given in the question, Care personnel company would be a closely held organization.

A closely held corporation, is also referred to as the closed corporation. For such firma, few number of people hold their stock.

5 0
2 years ago
N industry consists of three firms with sales of $360,000, $650,000, and $265,000.
Yanka [14]

These three together form total market, so here we have to add up everything to know volume of the market

A+B+C = 1,275,000 is the total market

Then we have to calculate individual market share

which would eb 1) 28.2%, 2) 50.9%, 3) 20.8%

This can be calcualated by simple percetage calculation. ( 1275000-360000/1275000*100)-100 will give what share each has.

Then we apply HHI formula

HHI = s1^2 + s2^2 + s3^2 + ... + sn^2

HHi is nothing but squaring of each of the percentages and adding them up

(28.2)2 +(50.9)2 +(20.8)2

812+2590+432 = 3834

HHI of 3834 shows it is highly competitve market.

5 0
3 years ago
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
postnew [5]

Answer:

$1960

Explanation:

The computation of the total cost is shown below:

Total variable overhead estimated is

= (4 × 31400)

= $125600

Now

total overhead estimated is

= Total variable overhead estimated + Total fixed overhead estimated

= $125600 + 219800

= $345400

Now predetermined overhead rate is

= $345400 ÷ 31400

= $11 per machine hour

Now total overhead applied is

= (11 × 20)

= $220

So,  total job cost is

= Direct material + Direct labor + Total overhead

= (580+1160+220)

 = $1960

6 0
2 years ago
Which of the following imperfect competitions in national markets can multinational firms take advantage of? a. product differen
crimeas [40]

Answer:

c

Explanation:

i feel they should take advantage of theit financial strength

6 0
3 years ago
People in _______ careers are "persuaders. " They like leadership roles, as well as sales. They often have good verbal abilities
Phoenix [80]

People in <u>realistic</u> careers are "persuaders. " They like leadership roles, as well as sales. They often have good verbal abilities and can talk people into doing things their way.

<h3>What is realistic career?</h3>

Realistic career is a career which create leadership roles in its practitioners. It allows its practitioners have more vocal ability and ability to convince people to do their bidding.

Examples of realistic careers are

  • Astronauts,
  • Firefighters,
  • Paramedics,
  • Veterinarians.

Learn more about career:

brainly.com/question/1199865

3 0
2 years ago
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