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leonid [27]
3 years ago
15

A cost production report is being used to help managers set a selling price high enough to cover the manufacturing cost of each

unit, plus include the selling and administrative costs. This is an example of using reports to ________.
Business
1 answer:
larisa [96]3 years ago
3 0

Answer:

Price of products

Explanation:

If a cost provides production report is used to set a selling price of a product that cover manufacturing and all other costs then report is an example of profit

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At the beginning of 2018, Calston Incorporated reports inventory of $10,000. During 2018, the company purchases additional inven
tresset_1 [31]

Answer:

COGS for 2018 :  119,300

Explanation:

We use the inventory identity to solve for Cost of Goods Sold:

$$Beginning Inventory + Purchase = Ending Inventory + COGS

The right side are the input of inventory: it can be from previous prior and purchase from the period. And the left side are the destination, it can be on stock or sold.

We plug our values into the formula and solve for COGS

100,000 + 27,000 = 7,700 + COGS

COGS = 100,000 + 27,000 - 7,700 = 119,300

5 0
3 years ago
Read 2 more answers
Fev and Company has a projected balance sheet that includes the following accounts. Cash $ ? Marketable securities 228,000 Accou
Thepotemich [5.8K]

Answer:

C. $ 344,000

Explanation:

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

which equals to

Total assets = $1,570,000 + $2,382,000

                    = $3,952,000

And, the total assets equal to

Total assets = Cash + Marketable securities + Accounts receivable + Inventory + Non-current assets

$3,952,000 = Cash + $228,000 + $860,000 + $490,000 + $2,030,000

$3,952,000 = Cash + $3,608,000

So, the cash would be

= $344,000

7 0
4 years ago
"Assume that a seven-firm cartel supplies 500 million units of Whatailsya energy drink at a price of $5.00 per unit. Each firm s
vodomira [7]

Answer:

Incomplete question. Helpful details provided below.

Explanation:

A seven firm cartel implies a group of seven individual firms or companies that produce similar products who mutually agreed to supply certain amount of these products at a fixed price inorder to equally and fairly make profit.

In this case, the law of demand and supply applied resulting in a drop in price of Whatailsya because of excess supply.

7 0
4 years ago
Prokp Co.'s records for April disclosed the following data relating to direct labor: Actual labor cost (payroll) for April$35,00
Fittoniya [83]

Answer:

2,256 hours

Explanation:

The computation of the total standard direct labor hours allowed (SQ) for units produced is shown below;

As we know that

Labor rate variance = (Actual hours × Actual rate) - (Actual hours ×  Standard rate)

($5,000) = $35,000 - (2,500 ×  Standard rate)

2,500 ×  Standard rate = $40,000

Standard rate = $16

Now

Labor efficiency variance = (Actual hours ×  Standard rate) - (Standard hours ×  Standard rate)

$3,900 = (2,500 ×  $16) - (Standard hours ×  $16)

Standard hours ×  $16 = 36,100

Standard hours = 2,256.25

= 2,256 hours

5 0
3 years ago
What type of insurance would you consider the most important?
kolezko [41]
Life Insuarance because you would be able to pay for your grave, wouldnt have to rely on your family members to collect money.
8 0
3 years ago
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