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yarga [219]
3 years ago
6

Demur Inc., a manufacturing company, has provided the following data for the month of April. The balance in the Work-in-Process

Inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month. During the month, the company incurred direct materials cost of $63,000 and direct labor cost of $39,000. The actual manufacturing overhead cost incurred was $40,000. The manufacturing overhead cost applied to Work-in-Process was $43,000. The cost of goods manufactured for April was: Multiple Choice $133,000. $142,000. $145,000. $130,000.
Business
2 answers:
Mrac [35]3 years ago
6 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

The balance in the Work-in-Process Inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month. During the month, the company incurred direct materials cost of $63,000 and the direct labor cost of $39,000. The actual manufacturing overhead cost incurred was $40,000. The manufacturing overhead cost applied to Work-in-Process was $43,000.

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

cost of goods manufactured= 10,000 + 63,000 + 39,000 + 40,000 - 22,000= $130,000

umka21 [38]3 years ago
6 0

Answer: The answer is $130,000

Explanation:

Direct Material + Direct Labour = Prime Cost

$63,000 +$39,000 = $102,000

Manufacturing overhead

Indirect Labour + opening work in process - closing work in process = overhead

$40,000 + 10,000 - $ 22,000 = $28,000

Prime Cost + Overhead = Total cost of Production

$102,000 + $28,000 = $130,000

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Suppose that commodity prices across the economy begin to fall and consumers and firms begin to expect a lower rate of future in
butalik [34]

Answer:

B) The SRAS curve will shift to the right, and the short‐run Phillips curve will shift downward.

Explanation:

When the price of key inputs decreases, then the short-run aggregate supply (SRAS) curve shifts to the right, generally resulting in higher production levels (higher supply) due to lower production costs. On the other hand, when the price of key inputs increases, then the SRAS curve shifts to the left.

When inflation expectations decrease or SRAS curve shifts to the right, the short-run Phillips curve shifts to the left.

8 0
4 years ago
The Brown Jug has paid annual dividends of $0.61, $0.64, $0.71, $0.82, and $0.88 per share over the past 5 years, respectively.
Vera_Pavlovna [14]

Answer:

Option (d) 9.59%

Explanation:

Data provided in the question:

Annual dividends paid by the Brown jug

$0.61, $0.64, $0.71, $0.82, and $0.88 per share over the past 5 years

Now,

Present value = $0.61

Future value = $0.88

Time = 4 years                    [as there is no interest for the year 1]

Now,

Future value = Present value × (1 + r )ⁿ

here,

r is the geometric average dividend growth rate

$0.88 = $0.61 × (1 + r )⁴

or

(1 + r )⁵ = 1.4426

or

1 + r = 1.0959

or

r = 0.0959

or

r = 0.0959 × 100% = 9.59%

Hence,

Option (d) 9.59%

6 0
4 years ago
n the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $
Tom [10]

Answer:

the bad debt expense reported is $113,300

Explanation:

The computation of the bad debt expense that should be reported in the first year income statement is shown below:

= Allowance for uncollectible accounts + write off account receivable

= $82,700 + $30,600

= $113,300

Hence, the bad debt expense reported is $113,300

4 0
3 years ago
provides information to coordinate all of the business processes that deal with customers in sales, marketing, and service to op
AysviL [449]

Answer:

Customer Relationship Management (CRM)

Explanation:

The customer relationship management deals with managing the relationship with the customers so that the company satisfies its customer to a large extent. The motive of CRM is to gain maximum customer satisfaction so that it can retain its customers for longer time. It can be done in the following ways

1. Deliver the goods at pre-decided time and location

2. Providing them excellent services and offering them great discounts so that the company can achieve its sales target which helps the company to achieve its goals in a specified time period.

6 0
3 years ago
The "Danger Zone" is between what temperature range?
GarryVolchara [31]

Answer:

41-135

Explanation:

Hello, there mate! The answer to this question is 41 - 135. In between these temperatures, bacteria flourishes the most. The ServSafe food guide states that the Danger Zone is 41 - 135 degrees, so you should not cook or store poultry or other foods in these temperatures. When you cook, it should be above 140, and when you freeze, it should be below 41. I hope I helped.

7 0
3 years ago
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