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3 years ago

Industries is calculating its Cost of Goods Manufactured at year-end. Sharpland's accounting records show the following:

Business

1 answer:

devlian [24]3 years ago

7 0

Answer:

cost of goods manufactured= $334,000

Explanation:

Giving the following information:

Beginning Raw Materials = $13,000

Ending Raw Materials = $15,000

Direct material purchased= $51,000

Direct labor for the year totaled $131,00

Manufacturing overhead= $153,000.

The Work in Process Inventory account:

beginning balance of $24,000

ending balance of $23,000

<u>To calculate the total manufacturing cost, we need to use the following formula:</u>

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

cost of goods manufactured= 24,000 + (13,000 + 51,000 - 15,000) + 131,000 + 153,000 - 23,000

cost of goods manufactured= $334,000

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4 years ago

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stepladder [879]

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3 years ago

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a. they use heavy equipment and handle dangerous cargo and materials.

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Workers in the transport and logistics careers operate heavy machinery, which subjects them to potential incidents and accidents that can cause severe bodily injuries or fatalities.

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3 years ago

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Alejandro is a computer programmer employed by XYZ Tech Corp. He is Hispanic. He gets an offer from another company that is tryi

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Answer:

The correct answer from the options given is D)

It is not clear why XYZ did not match the other firm's offer.

Explanation:

Alejandro is already an employee at XYZ Tech Corp. If his boss is willing to let him go, it may be because they are unable to match the higher salary being offered by the competition.

Another theory is that Alejandro is no longer very productive in the current company. There is a myriad of possible reasons. However, none of these are hinted in the question.

What we know is that he is Hispanic, He is a computer programmer and he got a better offer which his current company is unable to match.

We cannot posit that this is an issue of statistical discrimination. Why? We don't know that his current boss is not Hispanic as well.

A) Statistical Discrimination arises when agents make use of an individual's measurable trait to draw conclusions regarding another characteristic important to the interaction but more difficult to detect. This clearly is not the case.

B) When the factors surrounding a job suddenly become more adverse, the employee can reject such a change. Sometimes a company may offer such employee(s) additional money to their salary for them to accept such changes. This additional money or benefit is called Compensating Differential.

This also is clearly not the case.

C) Taste-based discrimination simply examines an employer's disposition to hiring a minority applicant. This theory posits that the prejudice of an employer towards people from a minority group will ultimately affect hiring decisions.

Again, this is not the picture painted in the above scenario.

So we are left with option D as the correct answer.

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4 years ago

In the short run, the marginal cost of the first unit of output is $20, the marginal cost of producing the second unit of outp

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Answer:

Hence, the firm's total variable cost of producing three units of output is $48 unit.

Thus, the correct option is d. $48 unit.

Explanation:

The computation of total variable cost is shown below:

= marginal cost of the First unit of output + marginal cost of the second unit of output + marginal cost of the third unit of output

= $20 + $16 + $12

= $48

The variable cost include all type of cost which is change when the production level changes. In the given question, the output level changes with the unit which reflects the variable cost. So, the cost would be added in the computation part.

Hence, the firm's total variable cost of producing three units of output is $48 unit.

Thus, the correct option is d. $48 unit.

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3 years ago

Industries is calculating its Cost of Goods Manufactured at​ year-end. Sharpland's accounting records show the​ following:

Industries is calculating its Cost of Goods Manufactured at year-end. Sharpland's accounting records show the following: