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3 years ago

The following information is available for the first month of operations of Lane Inc., a manufacturer of mechanical pencils:

Business

1 answer:

aniked [119]3 years ago

7 0

Answer:

a. Cost of goods sold = Sales - Gross profit

= $416,720 - $242,950

= $173,770

b. Direct materials cost = Materials purchased -Indirect materials - Materials inventory, end of period

= $128,350 - $45,220 - $17,090

= $66,060

c. Direct labor cost =Total manufacturing costs for the period - Direct materials cost - Factory overhead

= $239,610 - $66,060 - ($90,430 + $45,220 + $13,750)

= $239,610 - $66,060 - $149,380

=$239,610 - $215,440

=$24,170

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leva [86]

Answer:

C, distributed product development

Explanation:

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3 years ago

You receive an invoice for $565.00 with terms 3/10, net 30. If you pay it immediately, how much will you pay

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3 years ago

In 2002 Ortega's nominal income rose by 4.6 percent and the price level rose by 1.6 percent. We can conclude that Ortega's real

monitta

Answer:

c rose by 3 percent.

Explanation:

Real income is nominal income less price level changes.

Real income = nominal income - changes in price level

4.6 % - 1.6% = 3%

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3 years ago

A(n) is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates. There a

LenaWriter [7]

Answer:

Bond,treasury

Explanation:

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3 years ago

What is a delivery gap?

sertanlavr [38]

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