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3 years ago

The following cost data relate to the manufacturing activities of Chang Company during the just completed year:

Business

1 answer:

aleksandrvk [35]3 years ago

7 0

Answer:

cost of goods manufactured= $890,000

Explanation:

Giving the following information:

Applied Overhead= $485,000

Other costs incurred:

Purchases of raw materials (both direct and indirect) - $400,000

Direct labor costs - $60,000

Inventories:

Raw materials, beginning - $20,000

Raw materials, ending - $30,000

Work in process, beginning - $40,000

Work in process, ending - $70,000

To calculate the cost of goods manufactured, we need to use the following formula:

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

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 20,000 + (400,000 - 15,000) - 30,000

Direct material used= 375,000

I deduct the indirect material included in manufacturing overhead.

cost of goods manufactured= 40,000 + 375,000 + 60,000 + 485,000 - 70,000

cost of goods manufactured= $890,000

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slava [35]

Answer:

Losses for the producers of Waterworld, if they finished the movie would be $50 million. If they did not finish the movie, losses would be $130 million.

Explanation:

This is because, the difference between all their expenses in making the movie and the revenue generated is actually $50 million. This happens to be their losses while on the other-hand, if they didn't finish making the movie, it would be $130 million (aside the cost spent in finishing the movie after rebuilding the set)

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3 years ago

On June 1, 2017, Pharoah Company was started with an initial investment in the company of $22,350 cash. Here are the assets, lia

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Answer:

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For the year ended June 30, 2017

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Total expense (B) $5,480

Net Income (A - B) $2,430

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2 years ago

Some economists suspect that one of the reasons that economies in developing countries grow so slowly is that they do not have w

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This argument makes sense as some economists suspect that one of the reasons that economies in developing countries grow so slowly is that they don't have well-developed financial markets.

Why do economies in developing countries grow slowly?

The financial market is crucial for facilitating the flow of funds from individuals to investors to promote economic efficiency. It is exceedingly expensive and challenging to establish efficient financial markets in underdeveloped markets in emerging countries, which hurts economic growth.

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Learn more about financial markets: brainly.com/question/16623249

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1 year ago

The sales team at Rue and West Bros., a logistic company, has successfully met its target for profits specified last year. Upon

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Answer:

The sales team will move to the Transforming stage of group development

Explanation:

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2) Storming Stage - In this stage the group starts understanding how team decisions are made and purposes in this stage are very clear but the team relationship need to be bonded yet.

3) Norming Stage - In this stage teams relationships starts to bond and understood by the group all members are committed to the team goals and starts trying to achieve it as a team.

4) Performing Stage - In this stage Teams are committed to perform well and the focuses are bends towards the strategies that are made by team to achieve goal and bound with little oversight.

5) Adjourning/ Transforming Stage- In this basically after achieving the goals/target team starts breaking up is known as Adjourning stage and the stage at which after achieving the goal the teams move forward to achieve goal and set new targets is known as Transforming stage.

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2 years ago

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saw5 [17]

Answer:

A) instrumental; terminal

Explanation:

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Participant in the survey rank 18 of the terminal values and then 18 of the instrumental values in order of importance to the individual.

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3 years ago

Read 2 more answers