Manufacturing costs include all of the following categories except _______

Savant Homes, Inc., is a custom home designer and builder. Using what it called the Anders Plan, Savant built a model house in W

nevsk [136]

Answer and Explanation:

There is no copyright infringement here. Savant homes had not taken a copyright protection for the design prior to this time. Also in the case it was found that the design is not in fact a unique design by Savant homes as it is used widely and was common before savant homes used it. And so it was a dummy model for everyone to copy from. Therefore the infringement was considered invalid as there was no ground for savant homes to claim it as am intellectual property

5 0

3 years ago

Which of the following are advantages of PERT and CPM? (I) It is visual. (II) It is automatically updated. (III) Activities that

Alecsey [184]

Answer:

A. III only

Explanation:

One of the very useful tools in project management analysis is the PERT and CPM.

PERT (Program evaluation and review technique) provides valuable information regarding which activities need to be closely watched.

While CPM (Critical Path Method) helps in determining the time required to complete each task, and the minimum time required to complete a project.

Both CPM and PERT serve similar purposes by helping to determine projects or activities that need to be watched closely.

7 0

3 years ago

On June 1, 2015, Ivanhoe Company and Shamrock Company merged to form Bridgeport Inc. A total of 752,000 shares were issued to co

kompoz [17]

Solution:

a-1) Calculation of the number of shares used for calculating Basic Earning per share

No. of shares period

752000 3/12 188000

1314000 9/12 985500

Weighted average No of shares outstanding 1173500

a-2) Calculation of the number of shares used for calculating Diluted Earning per share

No. of shares period

752000 3/12 188000 1314000 3/12 328500 with Bonds 1340400 6/12 670200

Weighted average No of shares outstanding 1186700

Each bonds to per converted into 44 common stock

i.e. 600 Bonds *44 common=26400 Potential equity shares

b-1) Calculation of earning figures to be used for calculating Basic Earning per share

After Tax net Income will be earnings = $1614000

b-2) Calculation of earning figures to be used for calculating Diluted Earning per share

After tax net Income 1614000

Interest for the 2017 =600000*7*6/12 21000

Tax effect on Interest @40% 8400 12600 1626600

Earnings = 1626600

7 0

3 years ago

In risk management what does risk control include

Luda [366]

Financial, operational, perimeter, and strategic risks.
Like costs, labor, and weather.

8 0

3 years ago

At the beginning of the current period, Chen carried 1,000 units of its product with a unit cost of $10. A summary of purchases

jeka94

Answer:

a. Cost of Goods Sold under FIFO method - $ 29.800

Ending inventory under FIFO method - $ 28,400

b. Cost of Goods Sold under average cost method - $ 33,950

Ending inventory under average cost method - $ 24,250

Explanation:

Units Unit Cost Cost

Beginning Inventory 1,000 $10 $10,000

Purchase #1 1,800 $ 11 $ 19,800

Purchase #2 800 $ 13 $ 10,400

Purchase #3 1,200 $ 15 $ 18,000

Total available 4,800 $ 58,200

Units sold ( 2,800)

Ending Inventory 2,000

Computations under FIFO method

In the FIFO method of cost flows, the cost of goods sold are considered from the opening inventory and the earlier purchases. The ending inventory is from the later purchases.

Cost of goods sold

Units sold 2,800

Opening inventory 1,000 units @ $ 10 $ 10,000

Purchase # 1 1,800 units @ $ 11 $ 19,800

Total cost of Goods sold $ 29,800

Ending Inventory

Units on hand 2,000

Purchase #2 800 $ 13 $ 10,400

Purchase #3 1,200 $ 15 $ 18,000

Ending Inventory $ 28,400

Computations under Average Cost method

Under average cost method, the cost of goods sold and the ending inventory is valued at the average cost of the goods available for sale divided by the number of units.

The average cost is calculated by dividing the total cost by the available units

Total Cost $ 58,200

Units available 4,800

Average cost per unit $ 12.13

Cost of goods sold = Units sold * Average cost = 2,800 * $ 12.13 = $ 33,950

Ending Inventory- Units in hand * Average Cost = 2,000 * $ 12.13= $ 24,250

6 0

3 years ago

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Manufacturing costs include all of the following categories except ________. multiple choice