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horrorfan [7]
3 years ago
7

The following accounts are from last year’s books at Sharp Manufacturing: Raw Materials Bal 0 (b) 154,000 (a) 164,000 10,000 Wor

k In Process Bal 0 (f) 510,000 (b) 132,000 (c) 168,000 (e) 210,000 0 Finished Goods Bal 0 (g) 460,000 (f) 510,000 50,000 Manufacturing Overhead (b) 22,000 (e) 210,000 (c) 26,000 (d) 156,000 6,000 Cost of Goods Sold (g) 460,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of cost of goods manufactured for the year?
Business
1 answer:
stepladder [879]3 years ago
3 0

Answer:

$510,000

Explanation:

Calculation for the amount of cost of goods manufactured for the year

Two method can be used in calculating the cost of goods manufactured for the year

METHOD 1

Using this formula

Cost of goods manufactured= Beginning Balance Cost of goods sold + Ending Balance Finishing goods ending balance

Where,

Beginning Balance of Cost of goods sold = $460,000

Ending Balance Finishing goods = $510,000 -$460,000 = 50,000

Let plug in the formula

Cost of goods manufactured=$460,000+$50,000

Cost of goods manufactured=510,000

OR METHOD 2

Calculation for the cost of good manufactured for the year

Beginning work in process $0

Direct material $132,000

Direct labor $168,000

Manufacturing overhead $210,000

Less: Ending work in process $0

Cost of goods manufactured $510,000

Therefore the amount of cost of goods manufactured for the year will be $510,000

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PMT = 1000*.09 = 90/2 = 45

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Rate is a special relationship in which the two terms have different units. For example, if a 12 oz can of corn costs 69 cents, the price is 69 cents for 12 oz. It is not a ratio of two equal units like this: B. Shirt. This is the ratio of his two unequal units, cents, and ounces.

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2 years ago
1. What are some ways you think Panera Bread earns the trust of its public?
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The rate of increase for these automobiles between the two time periods is  10%

<h3>What is automobiles?</h3>

Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.

In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-

Increased rate = (current value -Initial value )/current value * 100

                         =( $13,200 -  $12,000)/  $12,000 *100

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Therefore, the rate of the increase for these automobile between 2 periods is 10%.

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2 years ago
Assume the following data for a country: Category Number of People, Millions Total population 500 Population under 16 years of a
Aleonysh [2.5K]

Answer:

230 people

Explanation:

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First we substract the people that is not in the labor force, and those under 16 years of age from the total population: 500 - 120 - 150 = 230.

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4 0
3 years ago
Brody and tanya recently sold some land they owned for $150,000. they received the land five years ago as a wedding gift from br
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<h3>Hello there!</h3>

Your question asks what would be the long term capital gain from the sale of the property (the land).

<h3>Answer: $92,400</h3>

To solve this, we would need to use the given information from the question.

Key information:

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With the information above, we can find the answer to the problem.

What we need to do is get the formal property value (20,000) and add it with the gift tax (47,000) times the profit made off of the property (80,000) and divide it by the property value when gifted (100,000).

Then, we would subtract the selling price for the land (150,000) by the land tax (57,600).

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When you're done solving, you should get 92,400.

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