1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OleMash [197]
1 year ago
12

luebke incorporated has provided the following data for the month of november. the balance in the finished goods inventory accou

nt at the beginning of the month was $54,000 and at the end of the month was $30,200. the cost of goods manufactured for the month was $213,000. the actual manufacturing overhead cost incurred was $55,600 and the manufacturing overhead cost applied to work in process was $58,800. the company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. the adjusted cost of goods sold that would appear on the income statement for november is:
Business
1 answer:
umka21 [38]1 year ago
8 0

The adjusted cost of goods sold that would appear on income statement for November is $247,900.

<h3>What is an income statement?</h3>

One of a company's financial statements, an income statement or profit and loss account (also known as a profit and loss statement (P&L), statement of profit or loss, revenue declaration, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) lists the company's income and outgoings for a given time period. It explains how the revenues, commonly referred to as the "top line," are converted into net income or net profit (the result after all revenues and expenses have accounted for). The income statement's goal is to demonstrate to managers and investors whether the business gained money (profit) or lost money during the reporting period.

To learn more about income statement, visit:

brainly.com/question/14308954

#SPJ4

You might be interested in
A misconception is a mistaken idea or thought. True or False
yanalaym [24]
True............................
3 0
3 years ago
Read 2 more answers
Help ASAP TRUE OR FALSE QUESTION
Eva8 [605]

Answer:

true I think.

Explanation:

3 0
3 years ago
Read 2 more answers
Maywood, Inc. signs a​ $17,000, 8.5%,​ six-month note dated November​ 1, 2017. The interest expense recorded for this note in 20
exis [7]

Answer:

$241

Explanation:

Of the six month tenor of the note, the period that falls into 2017 is 2 months (that is, November 1 to December 31). In addition, by default, interest rates are stated on an annual basis except indicated otherwise. Therefore, it is assumed that 8.5% rate indicated in the question is an annual rate.

The computation of the interest that falls into 2017 is as follows:

= Note Amount*interest rate*\frac{number of months in 2017}{12 months in a year}

= $17,000 * 8.5% * 2/12

= $240.83

= approx. $241.

5 0
3 years ago
Aikman Company paid dividends of $2,420, $0, $1,440 and $1,010 over the first four years of the company's existence, respectivel
natima [27]

Answer:

$3,642.50

Explanation:

For computing the  average annual amount of net income (loss), first we have to compute the net income which is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

$9,700 = $0 + Net income - ($2,420 + $0 + $1,440 + $1,010)

$9,700 = $0 + Net income - $4,870

So, the net income is

= $9,700 + $4,870

= $14,570

Now the average annual amount of net income is

= \frac{Net\ income}{Number\ of\ years}

= \frac{\$14,570}{4}

= $3,642.50

5 0
3 years ago
Why do teens spend too much time on electronics?
Elena-2011 [213]

Answer:Because they be bored out of there mind an they don't have any good personality traits such as making money so they rather rotten there mf brain.

Explanation:

7 0
3 years ago
Other questions:
  • A. The Grey Manufacturing Company has two service departments: Maintenance and Accounting. The Maintenance Department's costs of
    6·1 answer
  • What would likely be covered under homeowners insurance but not by renters insurance?
    8·1 answer
  • Your grandfather started his own business 52 years ago. He opened an investment account at the end of his third month of busines
    15·1 answer
  • What are “discount points” in closing costs and what is the benefit of paying them?
    12·1 answer
  • Home Smart Inc. is a chain of supermarkets that sells its products at higher prices than its competitors. Yet, the supermarket c
    5·1 answer
  • A depreciation of the US real exchange rate induces US consumers to buy: __________
    14·1 answer
  • On October 1, 2020 Sheffield Corp. issued 5%, 10-year bonds with a face value of $6140000 at 104. Interest is paid on October 1
    13·1 answer
  • Jake borrowed $800,000 from the Gateway Bank to purchase a fishing boat. He keeps the boat at a dock owned by the Harbor Company
    5·1 answer
  • The following units of an inventory item were available for sale during the year. Use this information to answer the following q
    5·1 answer
  • Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we woul
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!