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2 years ago

Massena Corporation reported the following data for the month of February:

Business

1 answer:

Elodia [21]2 years ago

6 0

Answer:

$186,700

Explanation:

The computation of adjusted cost of goods sold is shown below:-

Before that we need to do the following calculations

Raw material consumed = Beginning raw material + Raw material purchases - Ending raw materials - Raw materials included in manufacturing overhead costs as indirect materials

= $40,000 + $63,000 - $24,000 - $5,000

= $74,000

Total manufacturing cost = Beginning work in progress + Raw material consumed + Direct labor cost + Manufacturing overhead cost - Ending work in progress

= $23,000 + $74,000 + $73,700 + $48,000 - $17,000

= $201,700

Unadjusted Cost of goods sold = Raw materials + Total manufacturing cost - Ending finished goods

= $50,000 + $201,700 - $72,000

= $179,700

Adjusted COGS = Unadjusted Cost of goods sold + Underapplied overhead

= $179,700 + ($55,000 - $48,000)

= $179,700 + $7,000

= $186,700

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A mutual fund has $2 million in cash and $6 million invested in securities. It currently has 1 million shares outstanding.

Mamont248 [21]

Answer:

a. NAV = 8 per share

b. 250.000 shares

c. 7.95

Explanation:

a. NAV = Market value of shares/number of shares = $8m/1m = $8 per share

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c-1. Its loss by selling 25,000 shares of IBM at $34 instead of $36 = -$2 x 25,000 = -$50,000.

New NAV = $7,950,000 /1m = $7.95

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3 years ago

Using the picture of the supply and demand curves below, identify the point which

Doss [256]

Answer:

c is the correct represent the equilibrium price if I am not wrong

Explanation:

sry if I am wrong

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2 years ago

Mateo exchanges a rental house at the beach with an adjusted basis of $225,000 and a fair market value of $200,000 for a rental

FromTheMoon [43]

Answer:

a.$0

Explanation:

Adjusted basis is the cost of a property and other related costs incurred in acquiring, maintaining, or upgrading the property.

Fair value represent the worth of a property. It is the amount that one should expect to fetch from the market if they were to sell the property.

The fair value or the worth for Mateo's rental house is $200,000. He obtains another rental house with a fair value of $180,000 and cash $20,000.

He exchanged property worth $200,000 for $200,000

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2 years ago

Model, Inc., produces model automobiles made from metal. It operates two production departments, Molding and Painting, and has t

Vesnalui [34]

Answer:

Total Service Costs Molding :350031.22 Painting: 205081. 46

Explanation:

Given Data

Model, Inc.

Service

Administration, Accounting, Maintenance

Costs $269,000, $402,000, $199,000,

Building area 12,000 63,000 69,300

Employees 44 14 22

Equipment value

(in thousands) $ 177.00 $ 236.00 $ 17.50

Production

Molding Painting

Costs

Direct Materials $242,500 $211,000

Direct Labor $327,500 $219,000

Overheads $105,000 $82,500

Building area 441,000 56,700

Employees 66 88

Equipment value

(in thousands) $ 118.00 $ 59.00

First we find the activity rates for each cost using total cost driver except self usage

1) Maintenance $ 199,000

Equipment Value= 177 + 236+ 118+ 59= 590 ( in thousands) ( all but maintenance itself )

Maintenance per equipment = 199,000/590,000= 0.3373 per equipment

2) Accounting,= $402,000,

Employees=44 + 22 + 66 + 88 = 220

Accounting per Employee= $402,000,/220= 1827.27 per Employee

3) Administration= $269,000

Building area =63,000 +69,300 +441,000+ 56,700= 630,000

Administration per square footage= 269,000/ 630,000= 0.4269= 0.43 per square

Then we multiply the rates to find the service costs allocated.

Production

Molding Painting

Costs

Direct Materials $242,500 $211,000

Direct Labor $327,500 $219,000

Overheads $105,000 $82,500

Service Cost Allocated

Building area 0.43*441,000 0.43* 56,700

= 189630 =24381

Employees 66* 1827.27 88 *1827.27

= 120599.82 = 160799.76

Equipment value

(in thousands) $ 118.00* 0.3373 $ 59.00 *0.3373

= 39801.4 = 19900.7

Total Service Costs 350031.22 205081. 46

Total Costs 1025031.22 717581. 46

6 0

3 years ago

What is an organized activity that provides goods and services to others at a

Radda [10]

Answer: C

Explanation:

A business is any activity that provides goods or services to consumers for the purpose of making a profit.

4 0

2 years ago