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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

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Explanation:

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3 years ago
Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% bas
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Answer:

new layer at cost = $32000

Explanation:

given data

cost-to-retail percentage  

beginning inventory = 60%

current period purchases = $50,000

retail value = $50,000

solution

we get her new layer at cost that should be here as

new layer at cost = retail value × current period purchases    ......................1

put here value ans we will get

new layer at cost = $50,000 × 64%

new layer at cost = $32000

6 0
3 years ago
Sophia mentions that $250 is not even 1% of her salary and she does not seem motivated by the amount of the bonus. Based on expe
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Answer:

valence                              

Explanation:

Valence, as per the subject of psychology, implies the inherent attraction or adverseness of an event, object or scenario, particularly regarding emotions. The word also characterises different feelings and classifies them. For instance, feelings generally referred to as "evil" have harmful valence, such as fear and anger.  

Valence can be given a number and regarded as if it had been weighed, but it is unclear how accurate a statistic is based on a subjective study. Measurement based on visual emotion findings, using the Facial Activity Coding System and micro-expressions or muscle activity identified by facial electromyography, or current functioning brain scanning will resolve the opposition.

4 0
3 years ago
Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals
lys-0071 [83]

Answer and Explanation:

The categorization is shown below:

1 Purchase of a patent = Investing activities  as it represents in a negative sign because it is a cash outflow

2 Depreciation expense Operating activities  as it is added to the net income

3 Decrease in accounts receivable =  Operating activities  as it is added to the change in adjustments column

4 Issuance of a note payable = Financing activities  as it represents in a a positive sign because it is a cash inflow

5 Increase in inventory = Operating activities  as it is deducted from the change in adjustments column

6 Collection of note receivable = Investing activities  as it represents in a positive sign because it is a cash inflow

7 Purchase of equipment  = Investing activities  as it represents in a negative sign because it is a cash outflow

8 Exchange of long term assets = Separate non cash activities note  as it does not involved any cash transactions

9 Decrease in accounts payable = Operating activities  as it is deducted from the change in adjustments column

10 Payments of dividend =  Financing activities  as it represents in a negative sign because it is a cash outflow              

4 0
3 years ago
Consider the following restaurants: Pizza Hut, Popeyes, and Taco Bell. When conducting a review on any business, the first thing
alisha [4.7K]

Answer:

Strengths:

- Name recognition is the biggest strength.  

- they offer variety of products than its competitors  and the products    are of good quality at an affordable price.

Weaknesses:

- As it is being run as full-fledged restaurant overhead cost is high.  this means their overhead cost is higher.

- They mostly cover urban areas with a considerable population and customer segment.

Opportunities:

- They have further scope to increase their product line according to the location and increase the revenue.  

- Their facilities can be made more attractive and innovative to engage more customers.

- the business can lend and promote discounts to increase the satisfaction level of the customer.

Threats:

- increasing competition.

- Raising raw material price, especially dairy products that costomers want/need.

the business should work on:

The company has to focus more on new product development. Further, it is recommended to customize the taste of the product according to the local needs. Also, if the overhead cost is reduced by implementing modern and more economical infrastructure facility. The company has to make sure that, the facility also attract more customers. This would be added advantage to provide more offers and discounts to the customer. Hence this would increase customer satisfaction and bring more loyal customers.

Explanation:

6 0
3 years ago
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