Bondholders are creditors of the issuing corporation. true

Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recent year using the amoun

Alecsey [184]

Answer:

Instructions are below.

Explanation:

First, we need to calculate the direct material used and the manufacturing overhead:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 22,000 + 74,000 - 34,000

Direct material used= $62,000

Manufacturing overhead:

Insurance on plant $9,500

Depreciation-plant building and equipment 12,600

Repairs and maintenance-plant 3,900

Indirect labor 42,000

Total overhead= $68,000

Now, we can determine the cost of goods manufactured:

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

cost of goods manufactured= 41,000 + 62,000 + 88,000 + 68,000 - 27,000

cost of goods manufactured= 232,000

Finally, the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 13,000 + 232,000 - 21,000

COGS= $224,000

3 0

3 years ago

Which marketing function that involves communicating information about products

EastWind [94]

The answer is distribution

5 0

3 years ago

The chart shows facts related to professional interpreters. To enter this field, a worker would be required to have earned a deg

Kisachek [45]

Earned a degree from a four-year college at least. I HOPE IT HELPS :)

5 0

3 years ago

Read 2 more answers

Match the following empires:

uranmaximum [27]

Answer:

1 ----> Matches with ----->C

2 ----> Matches with ----->D

3 ----> Matches with ----->B

4 ----> Matches with ----->A

Explanation:

This question is very easy and interesting. In this question, we just need to match the specific empires with the description given in the question. So, Let's Start.

1. The first description matches with the Dutch Empire. (C)

2. The second description matches with obviously the French Empire (D)

3. The third description matches with the English Empire. (B)

Lastly,

4. The forth description clearly matches with the Spanish Empire. (A)

So, Correct Combination will be:

1 ----> Matches with ----->C

2 ----> Matches with ----->D

3 ----> Matches with ----->B

4 ----> Matches with ----->A

8 0

3 years ago

All of the following are true regarding IASB members except: A. Part-time members must sever employment relationships with forme

Ainat [17]

Answer:

A) Part-time members must sever employment relationships with former employers

D) IASB shall comprise 16 members, and up to 3 of those members may be part-time

Explanation:

Since December 1, 2016, the International Accounting Standards Board (IASB) has 14 board members (reduced from 16 by the 2015 constitution review). All of the 14 members are full time members, there are no more part time members. Each member is appointment for a 5 year initial term that can be renewed for either a 3 or 5 year second term. But no member can serve for more than 10 years.

3 0

3 years ago