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Alex_Xolod [135]
3 years ago
13

Sienna Company has the following information for January. Cost of direct materials used in production $20,000 Direct labor 15,00

0 Factory overhead 24,000 Work in process inventory, January 1 2,900 Work in process inventory, January 31 3,500 Calculate the cost of goods manufactured.
Business
1 answer:
nlexa [21]3 years ago
3 0

Answer:

The cost of goods manufactured is $58400.

Explanation:

total manufaturing costs = Cost of direct materials used in production  + Direct labor + Factory overhead

                                         = $20,000 + $15,000 + $24,000

                                         = $59000

cost of goods manufactured = Work in process inventory, January 1 + total manufacturing costs -Work in process inventory, January 31

= $2,900 + $59000 - $3,500

= $58400.

Therefore, the cost of goods manufactured is $58400.

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The first thing we have to keep in mind is that dividends are liabilities, that is, they represent cash outflows for the corporation. In the example, we can distinguish two moments: the declaration of a cash dividend and its effective distribution. Next, we will analyze them from an accounting point of view:

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Pessimism Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of
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Answer:

The correct answer is option C.

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The development of a nationwide computerized job bank listing of all job openings would be most likely to reduce cyclical unemployment.

<h3>What is seasonal unemployment?</h3>
  • When the abilities that people in the economy have to provide and the skills that employers need from employees do not match, structural unemployment results.
<h3>What is frictional unemployment?</h3>
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  • The lowest rate of unemployment brought on by actual or voluntary economic forces is known as natural unemployment, or the natural rate of unemployment.
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<h3>What is cyclical unemployment?</h3>
  • The portion of overall unemployment that is specifically caused by cycles of economic expansion and contraction is known as cyclical unemployment.
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Therefore, the development of a nationwide computerized job bank listing of all job openings would be most likely to reduce cyclical unemployment.

Know more about unemployment here:

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Instances of digital records include: email messages, handwritten documentation, electronic spreadsheets, digital photos, and databases.

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