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Ket [755]
3 years ago
7

A company incurred the following costs: Selling and administrative expenses: $45,000; Direct materials: $15,000; Income tax expe

nse: $10,000; Direct labor: $30,000; Factory overhead: $5,000. Total manufacturing costs reported on the schedule of cost of goods manufactured are $
Business
1 answer:
Westkost [7]3 years ago
5 0

Answer:

$50,000

Explanation:

<em>Manufacturing cost is sum of direct material plus direct labour and manufacturing overhead</em>

Direct material is the cost of all materials directly consumed for production purpose.

Direct labour is the cost of labour hours used for directly for production purpose

Manufacturing cost = 15,000+30,000 + 5000

                              =$50,000

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_____ was founded in 1945, one year after the creation of the world bank, to promote trade through financial cooperation and eli
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If the price of cotton used in making blue jeans increases, which of the following will occur? a. The supply curve for jeans wil
Vanyuwa [196]

Answer:

a. The supply curve for jeans will shift leftward.

Explanation:

If the price of cotton used in making blue jeans increases, The cost of production would increase. This would discourage production and supply would fall. The fall in supply would shift the supply curve to the left.

Only a change in the price of blue jeans would lead to a movement along the demand curve for blue jeans.

I hope my answer helps you

5 0
3 years ago
When you view a selection at Amazon and see "Customers who bought this (item) also bought ...," you are seeing the application o
Dima020 [189]

Answer: collaborative filtering

Explanation:

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3 years ago
Derrick Company issues 4,000 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2017. The stock has a fair value
algol [13]

Answer:

Explanation:

The journal entry is shown below:

On January 1, 2017:

Unearned compensation A/c Dr $120,000

     To Common stock (4,000 × $3)                    $20,000

     To Paid-in capital in excess of par value     $100,000

(Being restricted stock is issued and the remaining balance is credited to the paid-in capital)

On December 31, 2018:

Compensation expenses A/c Dr $30,000

     To Unearned compensation                    $30,000

(Being compensation expenses are recorded)

The compensation expenses is computed below:

= (Fair value of stock) ÷ (number of years)

= ($120,000) ÷ (4 years)

= $30,000

8 0
3 years ago
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