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4 years ago

If sales are $1,081,000 in 2019 and this represents a 15% increase over sales in 2018, what were sales in 2018?

Business

1 answer:

34kurt4 years ago

4 0

Answer:

Sales of 2018 amounts to $940,000

Explanation:

When the sales in the year 2019 is $1,081,000 and this sales represent 15% increase then the sales of 2018 is computed as.

= Sales of 2019 / 115 × 100

= $1,081,000 / 115 × 100

= $940,000

So, the sales of the year 2018 is $940,000

Working Note:

= (100 + 15)%

= 115%

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Answer:

cost of goods manufactured= $161,800

Explanation:

Giving the following information:

Beginning Work in Process inventory= $41,000

Ending Work in Process inventory= $26,500

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Direct labor cost= $33,700.

The manufacturing overhead cost applied to Work in Process was $54,800.

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 41,000 + 58,800 + 33,700 + 54,800 - 26,500

cost of goods manufactured= $161,800

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3 years ago

A company is considering replacing an old piece of machinery, which cost $105,000 and has $55,000 of accumulated depreciation to

asambeis [7]

Answer:

Replacing the old machine would produce a net saving of $1,300

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Answer:

MARIGOLD CORP

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