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
Alexandra [31]
3 years ago
12

If the amount of "Cost of goods manufactured" during a period exceeds the amount of "Total manufacturing costs for the period, t

he
1. ending work in process inventory is greater than or equal to the amount of the beginning work in process inventory
2. ending work in process is equal to the cost of goods manufactured.
3. ending work in process is less than the amount of the beginning work in process inventory.
4. ending work in process is greater than the amount of the beginning work in process inventory.
Business
1 answer:
Ilya [14]3 years ago
6 0

Answer:

3. ending work in process is less than the amount of the beginning work in process inventory.

Explanation:

As we know that

Manufacturing cost = Cost of Goods Manufactured - Direct Labor - Direct Materials Used + Ending balance of Work-in-Process Inventory - the Opening balance of  Work-in-Process Inventory

And, the Manufacturing cost involves both cost i.e direct material and direct material used

If the cost of goods manufactured more than the total manufacturing costs, so automatically ending WIP inventory should be less then the beginning WIP inventory

You might be interested in
Gilson Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and
Ann [662]

Answer:

a. $2,020 Favorable

Explanation:

The computation of spending variance for direct materials in April is shown below:-

For computing the spending variance for direct materials in April first we need to find out the actual price per unit which is here below:-

Actual price per unit = Actual direct material ÷ Actual units purchased

= $49,086 ÷ $5,060

= $9.70

Spending variance for direct materials in April = (Actual price per unit - Standard price per unit) × Actual quantity

= ($9.70 - $10.10) × 5,060

= -$0.4 × 5,060

= $2,024 Favorable

which is closest to $2,020 Favorable.

3 0
3 years ago
A nationwide fast food restaurant is considering adding an innovative new item to its menu. it introduces the item at a few care
Ede4ka [16]

<span>This best represents the test marketing stage. During this stage, a new product is released on a small scale to a small market. Changes are made and if it is successful in the small market, then it is introduced on a larger scale.  </span>

7 0
2 years ago
Dairy Wishes, a local ice cream store, finds
iragen [17]

Answer:

d. perfectly elastic.

Explanation:

Demand is perfectly elastic if it at the current price, the product is sold out but if there is a change in price demand falls to zero. the demand curve is horizontal

Demand in perfectly inelastic if there is no change in quantity demanded regardless of the change in price.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

8 0
3 years ago
Baldwin has a roe of 0.23 (roe = net income/equity). that means:
masha68 [24]
<span>Baldwin has a ROE of 0.23 (ROE = net income/equity). that means: Baldwin has an return on equity of 23%. The ROE is the amount of net income that is </span>returned as a percentage of shareholder quality. ROE and this equation shows the corporations profitability but showing how much profit they have with the money that is invested by shareholders. 
5 0
3 years ago
5. June sales were $27,000, while projected sales for July and August were $51,000 and $69,000, respectively. Sales are 60% cash
liraira [26]

Answer:

$41,400

Explanation:

The computation of the expected collections for July month is shown below:

Expected Cash collection for July = June Credit sales + July Credit sales

where,

June credit sales is

= $27,000 × 40%

= $10,800

And, the July credit sales is

= $51,000 × 60%

= $30,600

So, the expected collections for July month is

= $10,800 + $30,600

= $41,400

7 0
3 years ago
Other questions:
  • Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Total 0 1 to 30 31 to 60 61 to
    8·1 answer
  • If a payback period for a project is greater than its expected useful life, the project's return will always exceed the company'
    13·1 answer
  • Which of the following statements concerning income tax rate structures is false?
    8·1 answer
  • Below are transactions for Wolverine Company during 2021.
    13·1 answer
  • The interest rate does not affect the intertemporal budget constraint.<br> a. True<br> b. False
    9·1 answer
  • 1<br> Which one of the following does not vary with output in the short-run?<br> А<br> Total revenue<br> B<br> Total costs<br> с
    7·2 answers
  • (a)   A family consist of a baby, a child attending nursery school and working parents, decide to prepare a budget for 3 months
    14·2 answers
  • Umay oh ito para sa mga taong di makuha si CRUSH
    14·2 answers
  • Type the correct answer in the box. Spell all words correctly.
    9·1 answer
  • Louisa is interested in investing in the stock of a corporation that pays regular dividends and generates consistent growth, so
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!