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Bas_tet [7]
3 years ago
15

During the month of June, Telecom Inc. had cost of goods manufactured of $112,000, direct materials cost of $52,000, direct labo

r cost of $37,000 and overhead cost of $26,000. The work in process balance at June 30 equaled $10,000. What was the work in process balance on June 1?
Business
1 answer:
olchik [2.2K]3 years ago
7 0

Answer:

Beginning work in process= $7000

Explanation:

Giving the following information:

Cost of goods manufactured by $112,000.

Direct materials cost of $52,000

Direct labor cost of $37,000.

Overhead cost of $26,000.

The work in process balance at June 30 equaled $10,000

Work in process on June 1?

Cost of goods sold= Beginning work in process + direct material + direct labor + manufacturing overhead - ending work in process

112000= ? + 52000 + 37000 + 26000 - 10000

Beginning work in process= 112000 - 52000 - 37000 - 26000 + 10000= $7000

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ProCart manufactures shopping carts which it sells directly to supermarkets at a unit price of $36. Salesmen complain that they
Anna71 [15]

Answer:

salesman sell before contributes anything to manufacturing overhead and profit =  1852 units

Explanation:

given data

Sale price = $36

variable cost = 40%

budgeted auto and travel expenses = $12,000

salary = $28,000

to find out

how many units will the salesman sell before contributes anything to manufacturing overhead and profit

solution

we get here makes variable cost that is

makes variable cost = 40% of $36

makes variable cost = $14.40

so contribution margin per unit will be

contribution margin = 36 - 14.4

contribution margin = $ 21.60

and Fixed cost will be as

Fixed cost = salary +  budgeted auto and travel expenses

Fixed cost = 28000 + 12000

Fixed cost = $40000

and now  salesman sell before contributes anything to manufacturing overhead and profit will be as

salesman sell before contributes anything to manufacturing overhead and profit  = Fixed cost ÷ Contribution margin per unit    .......................1

salesman sell before contributes anything to manufacturing overhead and profit = \frac{40000}{21.6}

salesman sell before contributes anything to manufacturing overhead and profit =  1852 units

5 0
3 years ago
PLSS HELP -->> societies make decisions about who gets the goods they produce by:
ipn [44]

Answer: C

Explanation: it’s c

5 0
2 years ago
As a manager for your company some of your responsibilities include measuring metrics and overseeing company strategies. You obs
Ilya [14]

Answer:

The primary reason for the large increase in productivity would be the management factor.

Explanation

An important factor that affects the productivity in a company is the management that can have a great influence as good managers that are competent, make a good use of the resources, implement good strategies and develop good relationships with employees generating a good working environment help increase the productivity. According to the question, this is the main reason that can be inferred.

8 0
3 years ago
Maggie and her family run a 600 acre farm in the Brazos Bottom. Her two crops are corn(x) and cotton(y). The farm’s revenue func
enot [183]

Answer:

Explanation:

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8 0
2 years ago
A company produces​ 1,000 packages of cat food per month. The sales price is​ $4.00 per pack. Variable cost is​ $1.60 per​ unit,
spin [16.1K]

Answer:

B.  Operating income will increase by​ $3,620 per month.

Explanation:

In this question, we have to compare the operating income between current and expected proposal which is shown below:

We know that,

Operating income = Sales - variable cost - fixed cost

where,

Sales = Selling price per unit × Number of units produced per month

         = $4 × 1,000

         = $4,000

Variable cost = Variable cost per unit  × Number of units produced per month

                      = $1.60 × 1,000

                      = $1,600

And, the fixed cost is $1,800

Now put these values to the above formula

So, the value would be equal to

= $4,000 - $1,600 - $1,800

= $600

Now for expected proposal

Operating income = Sales - variable cost - fixed cost

where,

Sales = Selling price per unit × Number of units produced per month

         = $8 × 1,000

         = $8,000

Variable cost = Variable cost per unit  × Number of units produced per month

                      = $1.80 × 1,000

                      = $1,800

And, the fixed cost is $1,800 + $180 = $1,980

Now put these values to the above formula

So, the value would be equal to

= $8,000 - $1,800 - $1,980

= $4,220

The difference would be

= $4,220 - $600

= $3,620

4 0
3 years ago
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