Answer:
Explanation:
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Answer:
The correct answer is all of the above
Explanation:
Scrap or the rework costs are the costs which is incurred in order to repair the items that are defective. And the decision to rework or scrap an item or product, ground on the benefits or advantage of the incremental costs.
If the reworked units generate or yield greater advantage or benefit rather than the selling them as scrap, then the decision to rework will be considered.
And if the decision of rework is taken, then the management should consider the incremental costs, revenue or profit from selling the defective units as scarp and the lost profit on selling and making the new units while the rework is performed.
Answer:
Cost of goods manufactured= $87100
Explanation
Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.
Generally accepted accounting principles require that the cost of goods sold shall consist of:
the cost of direct materials
the cost of direct labor
the cost of manufacturing overhead
Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.
In this exercise:
<u>Cost of goods manufactured:</u>
Direct materials= $56,000
Direct Labor=$15,600
Factory overhead=Factory supervisor salary+ Depreciation expense+Indirect materials= 10,000 +3,700+1,800= $15,500
Total= $87100
Note: Salesperson commissions and Depreciation expense Delivery equipment are not included in factory overhead
Answer:
The correct answer is C
Explanation:
The amount of cash paid on July 8 is computed as:
Amount of goods worth = Purchased amount - Returned goods worth Amount of goods worth = $1,800 - $200
Amount of goods worth = $1,600
As the amount is paid within the terms of 10 days, so the amount is eligible for the discount of 2%, it is as:
Amount to be paid in cash = Amounts of goods worth - ( Amounts of goods worth × Discount)
where
Amounts of goods worth is $1,600
Discount is of 2%
Putting the values above:
Amount to be paid in cash = $1,600 - ($1,600 × 2%)
Amount to be paid in cash = $1,600 - 32
Amount to be paid in cash = $1,568
Answer:
The correct answer is letter "B": marketing research.
Explanation:
Marketing research is the study companies make before launching a product or service by which they gauge how successful could be the product in the market. The marketing research is the indicator that will determine if the goods will be produced or not. This study is also helpful at the moment of determining the target market of the firm and its scope, as well as the approximate price that consumers would pay for the product.