1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
musickatia [10]
3 years ago
12

Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $ 29,000 $ 31,

000 Work in process $ 17,000 $ 19,000 Finished goods $ 33,000 $ 48,000 Additional information: Raw materials purchases $ 67,000 Direct labor cost $ 92,000 Manufacturing overhead cost incurred $ 60,000 Indirect materials included in manufacturing overhead cost incurred $ 8,400 Manufacturing overhead cost applied to Work in Process $ 59,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is:
Business
1 answer:
Travka [436]3 years ago
6 0

Answer:

$205,600

Explanation:

The computation of the cost of goods manufactured is shown below

= Direct material used + Direct labor used + Manufacturing Overhead

where,

The direct material used

= Beginning raw material + purchase of raw material - ending raw material - Indirect materials included in manufacturing overhead cost incurred

= $29,000 + $67,000 - $31,000 - $8,400

= $56,600

Manufacturing Overhead would be

= Manufacturing overhead + Beginning work-in-process - Ending work-in-process

= $59,000 + $17,000 - $19,000

= $57,000

So, the cost of goods manufactured is

= $56,600 + $92,000 + $57,000

= $205,600

You might be interested in
Ashton Construction assembles residential houses. It uses a​ job-costing system with two​ direct-cost categories​ (direct materi
Dimas [21]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

In December 2016​, Ashton budgeted 2017 ​assembly-support costs to be $8,300,000 and 2017 direct​ labor-hours to be 166,000.

With this information, we can calculate the budgeted indirect cost rate. <u>However, we can't calculate the actual indirect cost rate. I will provide the formula for both and a small example of the actual indirect cost rate.</u>

To calculate the budgeted indirect cost rate, we need to use the following formula:

Budgeted indirect cost rate= total estimated indirect costs for the period/ total amount of allocation base

Budgeted indirect cost rate= 8,300,000/166,000= $50 per direct labor hour.

Let's suppose that actual indirect cost was of 8,000,000 and actual direct labor hours of 175,000:

Actual indirect cost rate= total actual indirect costs for the period/ total amount of allocation base

Actual indirect cost rate= 8,000,000/175,000= $45.71 per direct labor hour

7 0
3 years ago
The following information relates to Smoothie Incorporated. Beginning assets = 200,000 Beginning liabilities = 124,000 Beginning
Debora [2.8K]

Answer:

$153,000

Explanation:

With regards to the above, ending balance of equity

= Beginning equity + Sales during the year - Expenses(including taxes) during the year - dividends + proceeds from the issuance of stock

= $76,000 + $617,000 - $561,000 - $14,000 + $35,000

= $153,000

3 0
2 years ago
Give four reason as to why being an entrepreneur is beneficial than a doing a job​
anastassius [24]

Answer:

Hope this helps!

4 reasons:

Explanation:

1) Being an entrepreneur is beneficial because it helps you get to know yourself better. You get to be your own boss.

2) Entrepreneurs get to make their own schedule. You can work for flexible hours.

3) You get to be more independent. Taking entrepreneurship will grant you freedom.

4) Choosing to be an entrepreneur is a big risk. This means your taking a challenge in your life. You'll make yourself stronger!

The best part though? It is a big satisfaction when you succeed, yeah and you'll definitely be proud of yourself.

5 0
3 years ago
What would happen to the equilibrium price and quantity of lattés if the cost of producing steamed milk, which is used to make l
bagirrra123 [75]

Answer:

The equilibrium price would increase, and the equilibrium quantity would decrease.

Explanation:

With an increase in the cost of steamed milk, the cost of materials, one of the key factors in pricing decision would rise, which means that the equilibrium price of lattes would also increase. With an increase in price, according to the law of demand, there is a decrease in demand. Therefore, the quantity of lattes sold at the new equilibrium price would decrease.

The equilibrium price would increase, and the equilibrium quantity would decrease.

7 0
3 years ago
Looking towards the future , what action plan should emily implement
Alex_Xolod [135]
Looking toward the future, Emily ought to utilize the five stage procedure to better decide her future. That, as well as search for an Ideal vocation and utilize the five stage illuminating procedure to discover it. Emily ought to concentrate on the things that she has involvement with, is great at.
8 0
2 years ago
Other questions:
  • There is an employment test, a distance test, and a time test that must be met in order to deduct qualifying moving expenses
    9·1 answer
  • The global distribution of computing resources raises issues of equity, access, and power. briefly describe one of these issues
    8·1 answer
  • Computer chips are a normal good. suppose the economy slips into a recession so that income falls. as a​ result, the demand for
    9·1 answer
  • At the beginning of 2018, England Dresses has an inventory of $75,000. However, management wants to reduce the amount of invento
    15·2 answers
  • Instead of only meeting the goals of upper management, Malcolm also could have tried to meet the goals of his team members. This
    9·2 answers
  • The _____ theory takes the intriguing view that in many organizations, if characteristics of subordinates (team members), the na
    14·2 answers
  • What is another name for intermediaries? Name two types of intermediaries. Name five non-store retailing methods.
    6·1 answer
  • In 1999, oil producers in the Middle East nearly tripled the price of crude oil. You might think that this would be bad for U.S.
    10·1 answer
  • Hi! I need help with this
    13·1 answer
  • How often should a system demo occur?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!