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Dmitry_Shevchenko [17]
3 years ago
5

During its first year of operations, Forrest Company paid $44,760 for direct materials and $50,600 in wages for production worke

rs. Lease payments, utility costs, and depreciation on factory equipment totaled $14,400. General, selling, and administrative expenses were $20,600. The average cost to produce one unit was $5.60. How many units were produced during the period
Business
1 answer:
lilavasa [31]3 years ago
6 0

Answer:

19,600 units

Explanation:

The computation of the number of units produced is shown below:

But before that we need to do the following calculations

The total cost of production is

= Direct materials + Wages  + Depreciation

= $44,760 + $50,600 + $14,00

= $107,960

And, the average cost to generate one unit is $5.60

So, the number of units produced is

= Total cost ÷ average cost per unit

= $107,960 ÷ $5.60

= 19,600 units

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A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 Skip to question [The following information applies
trasher [3.6K]

Answer:

Marcelino Co.

Total production cost incurred for April and the total cost assigned to each job:

                                      Job 306        Job 307         Job 308         Total

Total production cost

 incurred for April      $294,000      $437,500      $271,000  $1,002,500

Total cost assigned    $356,500     $507,000      $271,000   $1,134,500

Explanation:

a) Data and Calculations:

March 31 inventory of

raw materials =                       $88,000

April costs:

Raw materials purchases = $540,000

Factory payroll cost =          $380,000

Overhead costs incurred = $206,000

Total costs =                       $1,214,000

April ending WIP inventory    271,000

Total cost incurred             $943,000

Overhead costs incurred:

Indirect materials = $59,000

Indirect labor = $25,000

Factory rent = $38,000

Factory utilities = $23,000

Factory equipment depreciation = $61,000

Total factory overhead = $206,000

Predetermined overhead rate = 50% of DLC

Sales of Job 306 in April = $655,000 cash

                                      Job 306        Job 307         Job 308         Total

Balances on March 31

Direct materials             $28,000       $44,000                             $72,000

Direct labor                      23,000          17,000                               40,000

Applied overhead             11,500           8,500                               20,000

Total Beginning WIP     $62,500      $69,500       $0                $132,000

Costs during April

Direct materials             138,000       205,000       $115,000      458,000

Direct labor                   104,000       155,000         104,000       363,000

Applied overhead          52,000         77,500          52,000        181,500

Total production cost

 incurred for April    $294,000     $437,500      $271,000  $1,002,500

Total cost assigned  $356,500    $507,000      $271,000   $1,134,500

Status on April 30 Finished (sold)   Finished (unsold)   In process

                                   Job 306            Job 307              Job 308

6 0
3 years ago
If you were to log onto www.census.gov and click on​ "Foreign Trade," then click on​ "Statistics," and finally on​ "State Export
Helga [31]

Answer:

A. ​No, because of​ NAFTA, you would expect the export of goods to Canada and Mexico to be substantial.

Explanation:

Even though exists a lot of debate surrounding the benefits of NAFTA to the US, trade agreements tend to increase more than proportionally the commercial exchange between parties. In this case, Canada and Mexico are both parts of NAFTA, so being the most important commercial partners of Ohio should not be a surprise.

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3 years ago
Heavy engineering businesses encourage employees to use safety equipment. Which type of controllable risk are they trying to avo
svet-max [94.6K]

Answer:

1 Needless and preventable machine injuries related

Explanation:

Heavy engineering businesses encourage employees to use safety equipment. Which type of controllable risk are they trying to avoid? Heavy engineering businesses encourage their employees to use safety equipment, such as gloves and protective clothing, to avoid risks.

1 Needless and preventable machine injuries related

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Jeter corporation had net income of $212,000 based on variable costing. beginning and ending inventories were 6,000 units and 10
RideAnS [48]
The answer is "$228,000".


net income of based on variable costing = $212,000
<span>beginning and ending inventories were 6,000 units and 10,000 units
</span><span>fixed overhead per unit = $4
This is how we calculate the </span>net income under absorption costing;

$212,000 + (10,000 units × $4) – (6,000 × $4)

= $228,000
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