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3 years ago

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:

Business

1 answer:

Dafna11 [192]3 years ago

4 0

Answer:

COGS= $65,100

Explanation:

Giving the following information:

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:

Work in Process, January 1 $ 53,800

Work in Process, December 31 38,900

Total Factory overhead 7,400

Direct materials used 14,400

Direct labor used 28,400

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

cost of goods manufactured= 53,800 + 14,400 + 28,400 + 7,400 - 38,900= 65,100

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= $65,100

Read more about product mission

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2 years ago

A waiter believes the distribution of his tips has a model that is slightly skewed to the left, with a mean of $8.90 and a sta

postnew [5]

Answer:

A. 0.3204 B. $14.669

Explanation:

Mean = 8.9 SD = 4.5

Required probability = P (X >/= 550/50)

P(X>/=11) = 1 - P[(X - mean/SD) < (11 - mean)/SD]

= 1 - P(Z < (11-8.9)/4.5)

P(X>/=11) = 1 - P(Z < 0.4666667)

Using Excel NORMDIST(0.4666667,0,1,1)

P(X>/=11) = 1 - 0.6796 = 0.3204

The probability that she will earn at least $550 = 0.3204

b. P ( X > x ) = 0.10

1 − P ( X − mean)/SD ≤ (x − mean) /SD = 0.10

P ( Z ≤ z ) = 0.90

Where,

z = (x − mean )/SD

Excel function for the value of z:

=NORMSINV(0.9)

=1.282

Hence (x - mean)/SD = 1.282

= (x - 8.9)/4.5 = 1.282

x = (1.282*4.5) + 8.9

x = 14.669

He earns $14.669 on the best 10% of such weekends.

3 0

3 years ago

January 1, 2016, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for use

tankabanditka [31]

Answer:

Interest capitalized for 2017 = $86,805

Explanation:

As per the data given in the question,

Average expenditure for 2016 = ($200,000×12÷12) +($300,000×4÷12)+($300,000×0÷12)

=$300,000

Interest capitalized for 2016 =($200,000×12÷12)+($300,000×4÷12)+($300,000×0÷12)×12%

= $36,000

Average expenditure for 2017 :

Accumulated expenditure in 2016 = ($200,000+$300,000+$300,000 +$36,000)×9÷9

= $836,000

For March-31,2017 = $300,000×6÷9

= $200,000

For Sept-30,2017 = $200,000×0÷9 = $0

Average expenditure for 2017 = $836,000 + $200,000 + $0

= $1,036,000

Interest capitalized for 2017 :

Specific borrowing = $750,000×9÷12×12%

= $67,500

Excessive amount = ($1,036,000 - $750,000)×9÷12×9%

= $19,305

Interest capitalized for 2017 = $67,500 + $19,305

= $86,805

4 0

3 years ago

What stock exchange does Netflix trade on?

Leokris [45]

Answer:

Netflix trades on NASDAQ.

6 0

3 years ago

A property's return on equity ratio is 28 nd generates a cash flow of $70,000. how much equity does the owner have (to the neare

Lera25 [3.4K]

A property's return on equity ratio is 28% and generates a cash flow of $70,000. The equity the owner have (to the nearest hundred) is $250,000.

In finance, the term equity is used to refer to the ownership of assets which have debts or other liabilities linked to them. It is measured for accounting purposes. This involves subtracting liabilities from the value of the assets.

Assets is a term for the items your company owns which provide future economic benefit. Liabilities are the things that an owner owes to others

In short, assets put cash in your pocket, and liabilities put cash out.

To learn more about equity here

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6 0

2 years ago