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posledela
3 years ago
7

The Four Tops Company began operations on January 2nd. During the first 3 months of operations, only 3 jobs were worked on. Job

712 was started in January and finished in February, Job 830 was started in February and finished in March, and Job 944 was started in March and was UNFINISHED as of March 31. Direct costs incurred on the jobs were as follows: Job 712 Job 830 Job 944 Dir. Mat. Dir. Lab. Dir. Mat. Dir. Lab. Dir. Mat. Dir. Lab. January $10,000 $ 8,000 N/A N/A N/A N/A February $12,000 $11,000 $23,000 $20,000 N/A N/A March N/A N/A $ 9,000 $ 4,000 $32,000 $15,000 Overhead is applied at a rate of 50% of direct labor cost. Actual overhead incurred in January was $4,500, in February was $14,900, and in March was $10,500. Job 830 consisted of 10,000 units. In March, 8,000 units of Job 830 were sold for $9 each. No other units were sold during the 3-month period. Compute the Cost of Goods Manufactured for February Group of answer choices
Business
1 answer:
lianna [129]3 years ago
8 0

Answer:

$81,500

Explanation:

As per the data given in the question,

The computation of the cost of goods manufactured is shown below:

Before that first we need to do following calculations

Direct material = $12,000 + $23,000

= $35,000

Direct labor = $11,000 + $20,000

= $31,000

Overhead applied = 50% of direct labor

= 50%×$31,000

= $15,500

Cost of goods manufactured = Direct material + Direct labor + Overhead applied

= $35,000 +$31,000 + $15,500

= $81,500

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Respected ________, I hope you are doing great in health. I am writing this letter to you so that I can ask you the permission of course change. As I am studying (Subject or course name) from last six months or one year and continuously my GPA is Decreasing and the studies are getting difficult as the semesters are passing.

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6 0
3 years ago
Precision Aviation had a profit margin of 7.00%, a total assets turnover of 1.4, and an equity multiplier of 1.8. What was the f
Novosadov [1.4K]

Answer:

17.64%

Explanation:

Precision aviation has a profit margin of 7%

The total assets turnover is 1.4

The equity multiplier is 1.8

Therefore the ROE can be calculated as follows

= Total assets turnover × equity multiplier × profit margin

= 1.4 × 1.8 × 7

= 17.64%

Hence the ROE is 17.64%

7 0
3 years ago
Which of the following is a style trend?
maks197457 [2]
Answer:
B

Explanation:
8 0
3 years ago
The price of a camera decreases from $200 to $180, and in response to the price change the quantity demanded increases from 60 t
bonufazy [111]

The price of a camera decreases from $200 to $180, and in response to the price change the quantity demanded increases from 60 to 70 units. Therefore, demand for cameras in this price range is inelastic.

An economic word known as "inelasticity" describes an item or service's unchanging quantity when its price varies. When prices rise, consumers' purchasing patterns essentially stay the same, and when prices fall, those same purchasing patterns still hold true. This is known as inelastic demand. When an item or service's quantity remains constant when its price increases, it is said to be "inelastic. "When a good or service's price increases or decreases, consumers' purchasing patterns essentially stay the same. The same is true when the price of the good or service decreases. The demand for an item or service that is totally inelastic would not fluctuate regardless of price; however, no such good or service exists. Elastic contrasts with inelastic.

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7 0
10 months ago
Accounting records for NIC Enterprises (NICE) for September show the following (each entry is the total of the actual entries fo
Lana71 [14]

Answer: $263,000

Explanation:

Based on the information given, the finished goods inventory on September 30 will be calculated as:

= Begining inventory + Transfers in - Transfers out.

= $203000 + $1,770,000 - $1,710,000

= $263,000

Therefore, finished goods inventory on September 30 was $263,000

4 0
3 years ago
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