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melisa1 [442]
3 years ago
11

During the accounting period, the company purchased $234,000 of direct raw materials. it incurred $180,000 of direct labor costs

for the year and allocated $260,000 of manufacturing overhead costs to work in process. there was no overapplied or underapplied overhead. revenue from goods sold during the year was $800,000.the amount of cost of goods manufactured (amount transferred from wip to finished goods) was
Business
1 answer:
amm18123 years ago
4 0

<u>Calcualtion of Cost of goods manufactured:</u>

(Note: It is assumed that the Cost of Material used is equal to the Cost of Material Purchased $234,000)

Total manufacturing cost = Cost of Material used + Direct labor costs + Allocated manufacturing overhead costs

Total manufacturing cost = 234,000+180,000+260,000 = $674,000


It is also assumed that there were no beginning or ending work in process inventory, that means Total manufacturing cost shall be equal to Cost of goods manufactured.

Hence, Cost of goods manufactured = <u>$674,000</u>




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Luba_88 [7]

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What is Mobile marketing?

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To learn more about mobile marketing: brainly.com/question/4232483

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7 0
1 year ago
Gary, a new salesperson for a reputed cellphone manufacturer, meets the owner of a transport company that employs 50,000 people
qaws [65]

Answer:

Option B. It is unrealistic

Explanation:

The reason is that the people have different likes which means we will never see 100 percent acceptance from the customers which might in the way of rejecting the offer of Gary. So the assumption that 50,000 cab drivers will purchase its product is truly optimistic which in other words is unrealistic assumption. So the option B is correct.

Option A is incorrect because the assumption is less qualitative as it doesn't relies on realistic assumption.

The cab drivers sales are relevant here but the sales assumption was unrealistic (Highly optimistic assumption) so the option C and D are incorrect.

Option E is also incorrect because the sales to cab drivers can be measure by initially directly selling 1000 cell phone to 1000 cab drivers which will give an actual idea of sales units expected, which means it is measurable.

6 0
3 years ago
Your sister just deposited $14,000 into an investment account. She believes that she will earn an annual return of 10.5 percent
Ilia_Sergeevich [38]

Answer:

You must deposit $14,824.07

Explanation:

Giving the following information:

Sister:

Investment= $14,000

Interest rate= 10.5%

Number of years= 9

You:

Investment=?

Interest rate= 9.8%

Number of years= 9

First, we need to calculate the future value of your sister:

FV= PV*(1+i)^n

FV= 14,000*(1.105^9)= $34,386.55

Now, we can determine your deposit:

PV= FV/(1+i)^n

PV= 34,386.55/ (1.098^9)= $14,824.07

3 0
3 years ago
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olga55 [171]

Answer:

13,000 units

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The excess of budgeted sales over budgeted production = 127,000 - 110,000 = 17,000 units. In other words, this is the number of units that the company will be in short of.

The company has 30,000 units in beginning inventory, thus the amount of ending finished goods inventory will be = 30,000 - 17,000 = 13,000 units

7 0
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solong [7]
If you mean like anY kind of example of flame, a lighter flame is a good example.
Anything that uses gas to emit a flame
6 0
3 years ago
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