Answer:
C. to determine the amounts transferred to finished goods
Explanation:
The statement for the cost of goods manufactured is a statement indicating the total cost used in the production process. It is used in estimating the cost that an organization incurs in producing a product and converting it to a finished product. It helps in determining the amount or costs transferred to finished goods. It is used in calculating the cost of goods sold on the income statement. It involves all cost used in the manufacturing process including the overhead costs.
Answer: The newly created firms is able to take advantage of economies of scale.
Explanation:
A merger is an agreement whereby two companies come together and pool their resources together in order to form one company and achieve same organizational goals.
One main reason why companies merge together is in order to achieve economies of scale. This is the reduction in cost as a result of the expansion and increase in production level.
Answer:
$212,000
Explanation:
Stockholders' equity = December 31, 2018 stockholders'equity + 2019 net income - 2019 cash dividend declarations + 2019 common stock issue
Stockholders' equity = $163,000 + $21,700 - $5,700 + $33,000
Stockholders' equity = $212,000
So, the total stockholders' equity as of December 31, 2019 is $212,000
Answer:
d. credit to supplies expense
Explanation:
A credit entry to an account that was debited in error is sufficient to reverse the error.
Answer:
The Darwin Company
Calculation of Manufacturing Overhead costs:
= $17,200
Explanation:
a) Data and Calculations:
Depreciation on factory equipment $4,700
Indirect labor 5,900
Factory rent 4,200
Factory utilities 1,200
Indirect materials used 1,200
Total Manufacturing overhead costs = $17,200
b) Darwin's manufacturing overhead costs will include only the above listed costs. Sales commissions, direct materials, direct labor, and office salaries expense do not form part of the manufacturing overhead costs. The manufacturing overhead costs are neither direct materials or labor costs or selling and administration costs.