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Rus_ich [418]
3 years ago
7

The following information is available for completed Job No. 402: Direct materials, $120000; direct labor, $180000; manufacturin

g overhead applied, $110000; units produced, 4000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is _______ .
Business
1 answer:
Korvikt [17]3 years ago
5 0

Answer:

ending inventoryt (inventory at hand)  <u> 102,500</u>

Explanation:

First we calculate the total cost for the Job:

Materials     120,000

Labor           180,000

Overhead  <u>  110,000  </u>

Total cost    410,000

Then we distribute over the units produced to calculate the unit cost:

Units Produced 4,000

total cost 410,000 / units produced 4,000 =<u> 102.5 unit cost</u>

Now we calcualte the value fo the units at hand:

<u>unit at hand refers to ending invnetory</u>

we produce 4,000 we sale 3,000 ending inventory 1,00

ending inventory : 1,000 x 102.5 = 102,500

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3 years ago
Cogswell cola purchased a machine for $237,500. The firm paid another $5,750 for delivery and installation. In addition the firm
Novay_Z [31]

Based on the cost of purchasing the machine and the delivery and installation fees, the initial outlay is $243,250

<h3>How much is the initial outlay?</h3>

This can be found as:

= Cost of purchasing machine + Installation and delivery cost

Solving gives:

= 237,500 + 5,750

= $243,250

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3 0
2 years ago
Maintenance, which was about 18 of the total budget less than it spent on administrative personnel. The amount spent on administ
____ [38]

Answer:

the remaining budget for other expenses = 1/8 of the total budget

Explanation:

Since the city's administrative personnel expenses are 1/8 larger than both maintenance expenses and safety expenses, it means that safety expenses are equal to maintenance expenses.

Since maintenance expenses are 1/4 of the total budget, safety expenses are also 1/4 of the total budget.

Administrative personnel expenses are 1/8 higher, so that means that they equal 1/4 + 1/8 of the total expenses.

If we add the three categories = 1/4 + 1/4 + (1/4 + 1/8) = 7/8

So the remaining budget for other expenses = 1 - 7/8 = 1/8 of the total budget

8 0
3 years ago
First​ Class, Inc., expects to sell 26 comma 000 pool cues for $ 13.00 each. Direct materials costs are $ 2.00​, direct manufact
Nastasia [14]

Answer:

$231,140

Explanation:

The computation of the amount reported in the cost of goods sold is shown  below:

= Number of pool cues sold × total manufacturing cost per pool cue

where,

Number of pool cues sold would be 26,000 pool cues

And, the total manufacturing cost per pool cue would be

= Direct Materials per cue + Direct manufacturing Labor per cue + Manufacturing Overhead per cue

= $2 + $6 + $0.89

= $8.89

Now put these values to the above formula

So, the value would be equal to

= 26,000 cues × 8.89

= $231,140

6 0
3 years ago
Gross Domestic Product (GDP) includes _____ goods and services.
Elena L [17]
Last year's goods and services.

3 0
3 years ago
Read 2 more answers
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