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noname [10]
3 years ago
8

Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current year. Indirect labo

r amounted to $2,700, while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,500 balance and ended the year with a $7,500 balance. Prepare a statement of cost of goods manufactured. Allen Company Statement of Cost of Goods Manufactured For the Year Ended December 31
Business
1 answer:
Kryger [21]3 years ago
6 0

Answer:

The statement of cost of goods manufactured is given below.

Statement of Cost of Goods Manufactured

Direct Material             $ 71,000

Direct Labour Cost      $ 37,000

Indirect Labour Cost   $   2,700

Indirect Material Cost $   1,600

Utilities                         $  3,100

Maintenance               $   4,500

Supplies                      $   1,800

Depreciation               $   7,900

Property Tax               $  2,600

Total Cost                   $ 132,200

o/p WIP                       $     5,500

c/l WIP                         ($     7,500)

COGM                          $ 130,200

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C) the client's objectives, financial resources, and the character of the account

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So these three above objectives should be required

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3 years ago
Hi do we need a pets permit when traveling on southwest airline on a domestic flight ?
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3 years ago
Turnbull Co. is considering a project that requires an initial investment of $270,000. The firm will raise the $270,000 in capit
svp [43]

Answer:

WACC = 11.45 %

Explanation:

Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund

WACC = (Wd×Kd) + (We×Ke) + (Wp × Kp)

After-tax cost of debt = Before tax cost of debt× (1-tax rate)

Kd-After-tax cost of debt = 11.1%(1-0.4) =6.66%

Ke-Cost of equity = 14.7%

Kp= Cost of preferred stock = 12.2%

Wd-Weight of debt =100/270=0.370

We-Weight of equity = 140/270=0.518

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WACC = 11.45 %

6 0
2 years ago
What are Costco business perks?
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Answer:

There are several perks or troubles that Costco business faces.

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The first of these perks is the intense competition from other large retailers like Walmart, Target, or Best Buy. While Costco does have a niche: it tends to sell higher quality poducts for a slightly higher price, the competition is nevertheless stiff because that niche does not apply for all product lines that are sold.

The second perk is also competition, from online retailers, especially Amazon, which is larger than any traditional retailer, but also from a myriad of smaller retailers that emerge constantly in the online market, since the internet provides very few barriers to entry for new competitors.

Finally, the third peak is consumer preferences, and that is because consumers are constantly changing their tastes and preferences, especially in developed countries like the U.S. This means that Costco has to constantly adapt to new product lines, and discard other lines.

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2 years ago
Let's suppose that the demand for allergists increases in california. assuming there is a perfectly competitive market for aller
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Let's suppose that the demand for allergists increases in California. assuming there is a perfectly competitive market for allergists in California :

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Surgeons, hematologists, and other doctors in California could become allergists after some retraining.

More people could enter medical school, specialize in allergies, and move to California.

A competitive market is an economic term that refers to a market in which there are a large number of buyers and sellers and no single buyer or seller can influence the market. A competitive market has no barriers to entry, many buyers and sellers, and homogeneous products.

In economics, especially general equilibrium theory, perfect markets, also called atomistic markets, are defined by several idealized conditions collectively known as perfect or atomistic competition.

Learn more about competitive market here: brainly.com/question/8753703

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