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4 years ago

Blue Company reports the following costs and expenses in May.

Business

1 answer:

Inessa [10]4 years ago

7 0

Answer:

(a) Manufacturing overhead = $176,700

(b) Product costs = $390,400

(c) Period costs = $72,390

Explanation:

a. The computation of the manufacturing overhead is shown below:

= Factory utilities + Depreciation on factory equipment + Property taxes on factory building + Indirect factory labor + Indirect materials + Factory repairs+ Factory manager salary

= $17,000 + $13,950 + $2,600 + $49,900 + $82,600 + $2,350 + $8,300

= $176,700

b. The computation of the product cost is shown below:

= Direct materials used + Direct labor + manufacturing overhead

= $141,700 + $72,000+ $176,700

= $390,400

c. The computation of the period cost is shown below:

= Sales salaries + Depreciation on delivery trucks + Repairs to office equipment + Advertising + Office supplies used

= $47,500 + $4,700 + $1,900 + $15,500 + $2,790

= $72,390

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Answer:

91 days

Explanation:

Here, we are to calculate the average number of days it will take to sell its inventory in 2019.

We proceed mathematically as follows;

Inventory turnover=COGS/Average inventory

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hence inventory turnover=(790,000/197,000)= 4.01

hence average days to sell=365/4.01 =91 days (approx)

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3 years ago

Which of the following statements accurately describes the relationship between earnings and dividends when all other factors ar

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Answer:

The correct answer is: Retaining a higher percentage of earnings will result in a lower growth rate.; Long-run earnings growth will decrease when firms retain earnings and reinvest them in the business.

Explanation:

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3 years ago

Select the word that best fits the definition: The way goods and services are produced, distributed, and consumed in a society.

Bumek [7]

Answer:

economy

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I hope this helps...

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3 years ago

Read 2 more answers

What are capital gains on an investment?

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3 years ago

Which of the following statements are true about this natural monopoly? Check all that apply. In order for a monopoly to exist i

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Answer: The following statements are true about this natural monopoly: It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.

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4 years ago