Answer:
Consider the following calculations
Explanation:
Step 1. Given information
- Sales $7,270,000
- Gross profit 1,450,000
- Indirect labor 330,000
- Indirect materials 195,000
- Other factory overhead 90,000
- Materials purchased 5,100,000
- Total manufacturing costs for the period 6,170,000
- Materials inventory, end of period 480,000
Step 2. Calculation according to the following formulas.
a. Cost of goods sold = Sales-Gross profit = 7270000-1450000= $582000
b. Direct materials cost = 5100000-195000-480000= $4425000
c. Direct labor cost = 6170000-4425000-330000-195000-90000= $1130000
I think it is an application OR a resume. That is usually what is necessary for applying for a job.
Answer:
the journal entries used to record this transaction are:
Dr Accounts receivable 400
Cr Sales revenue 400
Dr Cost of goods sold 160
Cr Inventory 160
This transaction will increase net income, which increases retained earnings by $240. It will also increase assets by $240, since accounts receivable increases by $400, but inventory decreases by $160.
Answer:
$18,000
Explanation:
Sunk costs refers to a cost that has been expended and cannot be recovered or recouped.
With regards to the above, $18,000 was expended concord by corporations to purchase computers hence cannot be recovered. Therefore, it is a sunk cost.
Answer:
Ambitious Displaying adds that are eye catching are a major benefit to businesses. It allows you to make your mark on a users brain, when using display ads make sure to make yours stand out you dont want your advertisement to be one of the annoying ones that forces users to ignore it completely. Hope this helps!
