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FrozenT [24]
3 years ago
15

Consider Derek's budget information: materials to be used totals $62,100; direct labor totals $198,200; factory overhead totals

$403,100; work in process inventory January 1 is $187,500; and work in progress inventory on December 31 is $195,000. The budgeted cost of goods manufactured for the year is
Business
1 answer:
Katen [24]3 years ago
8 0

Answer:

Cost of goods manufactured  655,900

Explanation:

<em>First, we add the three cost component:</em>

materials used in production                 62,100

direct labor                                            198,200

overhead                                               403,100

total cost added during the period    663,400

<em>Then, using the WIP beginning and ending figures, we solve for cost of goods manufactured</em>

WIP         january 1st                 187,500

cost added                              663,400

WP endind                           <u>   (195,000)  </u>

Cost of goods manufactured  655,900

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4 0
3 years ago
Jacob's physical toy store relies on offline metrics, such as store visits and in-store sales. He's heard that specialized campa
Citrus2011 [14]

Brand awareness campaign is the type of campaign that is done by the Jacob in hi physical store as he doing store visits and in-store sales and heard that specialized campaign types can help him meet these kinds of goals.

<h3>What is brand awareness campaign?</h3>

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Brand awareness is very useful tool for the company as they promotes the products plus brand name ans make the remark of the brand in customer's mind.

Thus, it is Brand awareness campaign.

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6 0
2 years ago
Help please economic government matching card game there are 10 matches
kobusy [5.1K]

A theocracy is the rule of a religious authority. Think theology, or theologian.


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A democracy is rule of the people, although I would not choose to phrase it that way.


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6 0
3 years ago
For the following statement/questions match the assertion that best matches: When auditing the following accounts identify what
Sedaia [141]

Answer:

When auditing the following accounts, auditors are primarily concerned with:

   Accounts               Assertions

a. Revenue            Overstatements

b. Assets               Overstatements

c. Liabilities           Understatements

d. Expenses         Understatements

Explanation:

Auditors are generally concerned about these assertions when auditing financial statements and their related disclosures: accurate recording, completeness, cut-off, existence, rights and obligations, and valuation.  For revenue and assets, they want to ensure that these are not overstated.  Their overstatement will increase the reported profits of the entity, which is a kind of cooking the books to please analysts.  They are also interested in ensuring that liabilities and expenses are not understated for the same purpose.

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3 years ago
In Year 2, the Denim Company bought an acre of land that cost $15,600. In Year 5, another company purchased a nearby acre of lan
Hatshy [7]

Answer:

The acre of land that it owns should be reported at $15,600

Explanation:

At the time of recording of the fixed assets, the fixed assets should be recorded at purchase cost or historical price

Since in the question, the land was purchased at $15,600 and various other land is also purchased in year 5. Moreover, the value of the land would also be increased to $27,600

But at the time of recording, the balance sheet would show at the purchase price i.e $15,600

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3 years ago
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