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3 years ago

Cost of Goods Manufactured for a Manufacturing Company

Business

1 answer:

aniked [119]3 years ago

6 0

Answer:

Cost of goods manufactured $ 2567,400

Explanation:

<u>Ethtridge Manufacturing Company </u>

<u>Statement of Cost of Goods Manufactured </u>

<u>For the Month Ended July 31 </u>

Direct materials $1,150,000

Direct labor 966,000

Total factory overhead 490,500

Total manufacturing costs $ 2606500

Add July 1 Work in process inventory, 316,400

Cost of Goods Available for manufacture $ 2922,900

Less July 31 Work in process inventory, 355,500

Cost of goods manufactured $ 2567,400

When we add the direct materials. direct labor and FOH we get the total manufacturing costs .

When the total manufacturing costs are added to the opening work in process inventory we get the cost of goods available for manufacture and we get the cost of goods manufactured by subtracting the ending work in process inventory from the cost of goods available for manufacture.

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Answer:

In 1980

Explanation:

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1970 $12,000 - -

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As can be seen in the table, the Professor's salary increase from 1970 to 1980 was twice as much as the CPI increase during the same period.

On the contrary, his salary increase from 1980 to 1990 was significantly less than the CPI increase during the same period.

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This year, the annual tuition at a public four-year university is $5,290. Next year when Jarrod attends his first year, the tuit

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The correct statement is that the minimum contribution to be saved by Jarrod on a monthly basis should be $461. So, the correct option from the choices given above is B.

The monthly contribution can be calculated by taking into consideration the rise in tuition fee and then dividing such obtained amount by number of months left for such accomplishment of savings.

<h3>Calculation of monthly contribution.</h3>

The formula for calculation of tuition fees of university will be computed by the formula using the given information as,

$\rm Tuition\ Fee = Current\ Fee+ Increment \\\\\rm Tuition\ Fee= 5290 + 4.5\%\\\\\rm Tuition\ Fee= \$5528.05$

The monthly contribution can be calculated by using the available values in the formula as,

$\rm Monthly\ Contribution= \dfrac{Tuition\ Fee}{Period}\\\\\\\rm Monthly\ Contribution= \dfrac{5528.05}{12}\\\\\rm Monthly\ Contribution=\$ 460.7$

So the approximate monthly contribution to be made by Jarrod will be $461 every month.

Hence, the correct option is B that the approximate minimum monthly contribution to be made by Jarrod to save for university tuition fee will be $461.

Learn more about monthly contribution here:

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The real risk-free rate is expected to remain constant at 3% in the future, a 2% rate of inflation is expected for the next 2 ye

atroni [7]

Answer:

B) The yield on a 5-year Treasury bond must exceed that on a 2-year Treasury bond.

Explanation:

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