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Julli [10]
3 years ago
6

The Shoal Company's manufacturing costs for the third quarter of 2019 were as follows: (CPA adapted) Direct materials and direct

labor $ 770,000 Other variable manufacturing costs 135,000 Depreciation of factory building and manufacturing equipment 87,000 Other fixed manufacturing costs 25,000 What amount should be considered product costs for external reporting purposes?
Business
1 answer:
creativ13 [48]3 years ago
7 0

Answer: $1,017,000

Explanation:

In calculating product costs we take the following, Direct materials and direct labor, Other variable manufacturing costs, Depreciation of factory building and manufacturing equipment and Other fixed manufacturing costs.

We add all of those with the result being the Product cost.

Calculating therefore would give us,

= 770,000 + 135,000 + 87,000 + 25,000

= $1,017,000

$1,017,000 is the amount that should be considered product costs for external reporting purposes.

If you need any clarification do comment.

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sesenic [268]

Answer:

A web streaming company fulfills a 12-month service term paid by customers in advance.

Explanation:

Revenue is recognized from services rendered or goods delivered. It is recognized only when the risk and reward is transferred, further it relates to the normal business of company.

As in the first sentence the company makes scientific devices and it sales an agricultural land, that is sale of fixed asset.

In second case the pharmaceutical company receives donation which is anonymous.

All the things are not revenue for company.

It is only the web streaming company which shall recognize revenue as the services are rendered and revenue shall be recognized related to normal business of company.

8 0
3 years ago
The demand for loanable funds depends on future income.<br><br> a. True<br> b. False
aliina [53]

Answer:

The answer is "Option b".

Explanation:

The Loanable funds are the amount of all the assets that individuals and companies have agreed to save and lend to creditors instead of for personal use, as an investment.

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6 0
3 years ago
What do inflation rates measure?
My name is Ann [436]

Answer:

C. The speed with which general prices are rising

Explanation:

Inflation measures the rate at which the general prices of goods and services are increasing in an economy. During inflation, the purchasing power of a country's currency is eroded.  Inflation means a selected basket of goods will cost more this period than it did in the previous season.

The consumer price index or CPI is the most acceptable index used in determining the rate of inflation. Inflation may result from high economic growth where firms and individuals have increased incomes resulting in too much money in circulation.  A moderate level of inflation is required to promote spending and sustain favorable economic growth.

6 0
3 years ago
Last year, talent show tickets were sold for $11 each and 400 people attended. it has been determined that an increase of $1 in
tankabanditka [31]

Answer:

Explanation:

4800 - 300 ppl $16

or

4800 - 320 ppl $15

5 0
2 years ago
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vlabodo [156]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
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