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3 years ago

Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:

Business

1 answer:

kicyunya [14]3 years ago

7 0

Answer:

Total Manufacturing Costs is $95,680

Explanation:

Wyckam Manufacturing Inc.

Planning Budget for Manufacturing costs

For the month Ended June 30

Direct Materials (4,200 hours *$5.40) $22,680

Direct Labor Fixed $42,400

Supplies (4,200 hours * $0.25 ) $1,050

Utilities ($1,700+ 4,200 Hours * $0.25) $2,750

Depreciation Fixed $15,200

Insurance Fixed $11,600

Total Manufacturing Costs $95,680

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irina1246 [14]

Answer:

Given that,

Cost of goods manufactured = $1,486,000

Cost of goods sold (unadjusted) = $1,337,000

Therefore, the journal entry for the transfer of completed goods from WIP to Finished goods is as follows:

Finished Goods A/c Dr. $1,486,000

To Work in process $1,486,000

(Being transfer of completed goods from work in process to finished goods recorded)

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3 years ago

A population grows with an annual growth rate of 16.3 % per year. (a) what is the monthly growth rate?

zysi [14]

Annual growth rate of population is 16.3%
monthly growth rate = ?
Months in one year = 12
let x be the monthly growth of population.
16.3% = 0.163
1+ 0.163 = 1.163
Now, (1.163)¹/¹² = 1.01266
for monthly growth percent
1.01266 - 1 = 0.01266 = 0.01266 x 100 = 1.266%≈ 1.3%

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4 years ago

Why is the demand for most services--such as popular restaurants--extremely time-and-place dependent?

arlik [135]

The reason why the demand is extremely time-and-place dependent would be: <span>Because customers must be present for service to be delivered
</span>customers must be present for services businesses because Unlike merchandising business, service business focused on the enhance Customer's experience rather than focus on selling the product.

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3 years ago

In the short-run, the Sure-Screen T-Shirt Company is producing 500 units of output. Its average variable costs are $2.00 and its

Dmitry [639]

Answer:

the correct answer is $1,250

Explanation:

(The average variable costs + the average fixed costs) * Production units

The firms total costs

$2.00 + $0.50 =$2.50

$2.50 * 500= $1,250

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3 years ago

In regard to the stages (or rounds) of venture capital funding, the stage of funding that occurs when an investment is made very

NemiM [27]

Answer: seed capital

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Usually the projects that involves funding of seed capital have no physical existence or assets. These projects are just in from of idea and the venture capitalist feels that it can be a success so he invest in it. Generally, under such projects venture capitalist takes majority of capital in his hold for fully enjoying the potential benefit.

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3 years ago