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Nastasia [14]
3 years ago
12

Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture

.
Required:
1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect.
2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020. Assume the following manufacturing costs:
Direct materials: $2,600
Factory overhead: $510
Direct labor: $1,200
Beginning work in process: none (December 31, 2019)
Ending work in process: $550 (January 31, 2020)
Beginning finished goods inventory: none (December 31, 2019)
Ending finished goods inventory: $400 (January 31, 2020)
Business
1 answer:
erica [24]3 years ago
7 0

Answer:

cost of goods manufactured= $3,760

Explanation:

1.

We weren't provided with the list

2.

Direct materials: $2,600

Factory overhead: $510

Direct labor: $1,200

Beginning work in process: none (December 31, 2019)

Ending work in process: $550 (January 31, 2020)

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 0 + 2,600 + 1,200 + 510 - 550

cost of goods manufactured= $3,760

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Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in uni
Reika [66]

Answer:

485,000 units

Explanation:

The computation of the number of units manufactured is shown below:

= Number of units sold + ending finished goods units - beginning finished goods units

= 515,000 units + 87,000 units - 57,000 units

= 485,000 units

Basically we added the ending finished goods units and deduct the beginning finished goods units to the number of units sold                      

7 0
3 years ago
Stag Corp. will pay dividends of $4.75, $5.25, $5.75, and $7 for the next four years. Thereafter, the company expects its growth
Natalka [10]

Answer:

$69.41

Explanation:

Given that

D1 = 4.75

D2 = 5.25

D3 = 5.75

D4 = 7

g = 7% or 0.07

R = 15% or 0.15

Therefore,

D5 = D4 (1 + g)

= 7 × 1.07

= 7.49

Also,

P4 = D5/g × R

= 7.49/0.15 × 0.07

= 93,625

Thus,

P0 = 4.75/1.15 + 5.25/(1.15)^2 + 5.75/(1.15)^3 + 7/(1.15)^4 + 93.625/(1.15)^4

= $ 69.41357

Approximately

= $ 69.41

4 0
3 years ago
Baseball Commissioner Allan H. (Bud) Selig authorized an investigation into alleged steroid use by Major League Baseball players
ruslelena [56]

Answer

Reputation Management

Explanation:

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6 0
3 years ago
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I believe that the answer is D. That he should become knowledgeable about smart ways to save and about car loans
7 0
2 years ago
In a telephone operating company, negotiating and maintaining ongoing relations with regulatory bodies can be among the most imp
steposvetlana [31]

Answer:

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7 0
3 years ago
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