1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
allsm [11]
3 years ago
6

The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods invent

ory in units 0 Units produced 8,600 Units sold 5,900 Sales $ 1,180,000 Materials cost $ 172,000 Variable conversion cost used $ 86,000 Fixed manufacturing cost $ 946,000 Indirect operating costs (fixed) $ 118,000 The absorption costing operating income is:
Business
1 answer:
tankabanditka [31]3 years ago
3 0

Answer:

$378,000

Explanation:

The absorption costing operating income is shown below:-

Total manufacturing cost = Material cost + Variable conversion cost + Fixed manufacturing cost

= $172,000 + $86,000 + $946,000

= $1,204,000

Unit product cost = Total manufacturing cost ÷ Units produced

= $1,204,000 ÷ 8,600

= $140

Ending inventory in units = Produced - Sales

= 8,600 - 5,900

= 2,700

Ending inventory under absorption costing = Ending inventory in units × Unit product cost

= 2,700 × $140

= $378,000

You might be interested in
Brown & Smith, Inc. engages in the design, development, making, and retail selling of designer jewelry in North America. Bef
Serga [27]

Answer:

rapid prototyping

Explanation:

Rapid prototyping (RP) is a family of manufacturing methods to make engineering prototypes in the minimum possible delivery times, based on a model of the article made in a computer-aided design system (CAD)

Rapid prototyping is an excellent way to check the functionality, dimensions and design characteristics of the designs, without going through the usual long prototyping process that requires specific technical and experienced tools.

3 0
3 years ago
Data were collected in twenty major urban areas on the percent of women in the labor force. Data were collected in 1968 and agai
garri49 [273]

Answer: Matched pairs design

Explanation:

A matched pairs design is a type of study used when 2 treaments are present in an experiment. The individuals in the design can be divided into pairs using a blocking variable, and each pair can then be allocated to treatments at random. This is thus a special type of randomized block design.

In this case the blocking variable can be the various urban areas as 1968 is matched against 1972. Each city can be compared based on 2 measurements. From their each individual can be grouped into pairs and allocated to different treatments.

6 0
3 years ago
Gentry Inc. purchased 90% of Gaspard Farms on January 5, 2019. During 2019, Gentry sold Gaspard Farms for $650,000 goods which h
Wewaii [24]

Answer:

$5572500

Explanation:

consolidated cost of goods sold for 2020 would be:

consolidated cost of goods sold = ( total of goods sold by bought company ) - ( intra-entity transfer ) + ( ending unrealized gross profit ) - ( beginning unrealized gross profit )

= ( 5400000 + 1200000 ) - ( 1000000 )+(1000000*20%)*20% - {(650000*15%)*(450000/650000)}

= 6600000 - 1040000 - ( 97500 * 45/65 )

= $5572500

3 0
3 years ago
Pasadena Candle Inc. projected sales of 37,000 candles for January. The estimated January 1 inventory is 1,900 units, and the de
Vsevolod [243]

Answer:

Explanation:

The preparation of the production budget report in units for Pasadena Candle Inc. is shown below:

Projected sales                                                           37,000

Add: Desired January 31 inventory                           4,000

Available units                                                            41,000

Less: Estimated January 1 inventory                        -$1,900

Units produced                                                          $39,100

6 0
3 years ago
After all of the account balances have been extended to the Balance Sheet columns of the end-of-period spreadsheet, the totals o
SOVA2 [1]

Answer:

This indicates that

d.the company has a net loss of $9,575 for the period.

Explanation:

a) Data and Calculations:

Total debits of the balance sheet (assets) = $28,480

Total credits of the balance sheet (liabilities + equity) = $38,055

Difference (net loss) = $9,575 ($38,055 - $28,480)

b) With the determination of the net loss of $9,575, the two sides (debits and credits) of the balance sheet will equal.  This is because the net loss of $9,575 will reduce the credits from $38,055 to $28,480.

5 0
3 years ago
Other questions:
  • Roadside Markets has 8.45 percent coupon bonds outstanding that mature in 10.5 years. The bonds pay interest semiannually. What
    6·1 answer
  • The step in designing a customer value dash–driven marketing strategy in which a company divides a market into distinct groups o
    14·1 answer
  • Morrison Company began the year with the following balances in its inventory accounts:  Raw Materials $ 15,000  Work‐in‐Proces
    6·1 answer
  • Budgeted depreciation expense would not appear on a:
    13·1 answer
  • In the market for gasoline, if the change in demand due to the start of the summer driving season is greater than the change in
    6·1 answer
  • Using the information below, calculate net income for the period: Sales revenues for the period $ 1,318,000 Operating expenses f
    13·1 answer
  • Which statement about stakeholders is BEST?
    13·1 answer
  • Suppose a banking system has $100,000 in deposits, a required reserve ratio of 25 percent, and total bank reserves for the whole
    10·1 answer
  • Which of the following is an example of a negative externality?a. bad weather reduces the size of the wheat cropb. a reduction i
    10·1 answer
  • Halima wants a Manufacturing career. She wants to be very successful and get paid well. Which career pays the
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!