1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lys-0071 [83]
3 years ago
5

Winter Company incurred direct materials costs of $500,000 during the year. Manufacturing overhead applied was $150,000 and is a

pplied at the rate of 75% of direct labor costs. Winter Company's total manufacturing costs for the year was _________.
Business
1 answer:
raketka [301]3 years ago
7 0

Answer:

Winter Company's total manufacturing costs for the year was $850,000

Explanation:

Manufacturing cost is the cost used to manufacture a product, both direct and indirect cost incurred in manufacturing process are included. It is the total value of material cost, labor cost and overhead cost.

Direct Material Cost = $500,000

Manufacturing overhead applied = $150,000

As we know Manufacturing overhead applied was 75% of direct Labor cost.

Direct Labor cost  = Manufacturing overhead applied / 75%

Direct Labor cost  = 150,000 / 75% = $200,000

Total Manufacturing Cost = $500,000 + $200,000 + $150,000 = $850,000

You might be interested in
Lowering the discount rate can promote full employment because
Keith_Richards [23]
Lowering the discount rate can promote full employment because <span>companies are more likely to expand and hire more workers. High inflation is the circumstance which usually accompanies a period of economic expansion. </span>
7 0
3 years ago
Discuss reasons why a business needs funding ?
castortr0y [4]

Answer:

Firms need finance to:

start up a business, eg pay for premises, new equipment and advertising.

run the business, eg having enough cash to pay staff wages and suppliers on time.

expand the business, eg having funds to pay for a new branch in a different city or country.

3 0
2 years ago
As you describe your products or services in your business plan, the most effective approach is to
alexgriva [62]
Have a clear description of what exactly your product or service is going to be and how you plan to accomplish your set goals.
Focus on what target market your product is for.
Describe the benefits of this product
Have other people offer proof to how good the product is
Make the description easy to read and understand.
7 0
3 years ago
econd Street, Inc. has 7 units in ending merchandise inventory on December 31. The units were purchased in November for $180 eac
jarptica [38.1K]

Answer:

D

Explanation:

The cost of goods sold would increase by $2

6 0
3 years ago
Read 2 more answers
(Advanced analysis) The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0
ioda

Answer:

Q = 10

Explanation:

Assuming that supply remains the same, the new supply and demand equations are, respectively:

P_S = 2 + 0.2Q\\P_D = 7 - 0.3Q

The equilibrium quantity occurs at the point for which the prices in the supply and demand equations are the same:

2 + 0.2Q = 7 - 0.3Q\\0.5Q=5\\Q=10

The new equilibrium quantity is Q = 10.

5 0
3 years ago
Other questions:
  • A company purchased a delivery truck on January 1, 2021, for $100,000. The truck has an estimated life of 10 years and an estima
    9·1 answer
  • Give the formulas for and plot average fixed​ cost, AFC, marginal​ cost, MC, average variable​ cost, AVC, and average​ cost, AC,
    8·1 answer
  • What are the major functions of the entrepreneur?
    11·1 answer
  • Consider the following two mutually exclusive alternatives for reclaiming a deteriorating inner-city neighborhood (one of them m
    11·1 answer
  • Z-Mart uses the perpetual inventory system and allows customers to use the Z-Mart store credit card in charging purchases. Z-Mar
    11·1 answer
  • Rural grocery stores often stock products geared to the average customer in its market area. Management assumes there are neglig
    13·1 answer
  • Valerie contracts with Esteban, who agrees to build a stone retaining wall and drain on her property. The wall and drain are nec
    7·1 answer
  • Brooke and John formed a partnership. Brooke received a 40% interest in partnership capital and profits in exchange for contribu
    14·1 answer
  • Theodosia was laid off from her last job. What should she put on her next application as her reason for leaving that job?
    9·1 answer
  • Thomas co. sold $1,000 worth of merchandise on a bank credit card less a 3ee. the entry to record the sales transaction would in
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!