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Kipish [7]
4 years ago
14

Raw materials inventory, beginning$1,200 Raw materials inventory, ending1,400 Work in process inventory, beginning7,100 Work in

process inventory, ending6,800 Raw materials acquired27,800 Cost of direct materials used in production27,600 Sales commissions to sell clackers2,100 Direct labor cost20,000 Total manufacturing overhead28,900 How much is cost of goods manufactured for June
Business
1 answer:
Tanzania [10]4 years ago
8 0

Answer:

76,800

Explanation:

Given that,

Raw materials inventory, beginning = $1,200

Raw materials inventory, ending = 1,400

Work in process inventory, beginning = 7,100

Work in process inventory, ending = 6,800

Raw materials acquired = 27,800

Cost of direct materials used in production = 27,600

Sales commissions to sell clackers = 2,100

Direct labor cost = 20,000

Total manufacturing overhead = 28,900

Cost of goods manufactured is determined the overall value of goods produced during a particular year and it is ready for sale. It includes all of the expenses that are incurred to convert the inventory in process into finished goods.

Cost of goods manufactured in June:

= Cost of direct material used in production + Direct Labor cost + Manufacturing Overhead + (Beginning work in process - Ending work in process Ending)

= 27,600 + 20,000 + 28,900 + (7,100 - 6,800)

= 76,800

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Presented below is net asset information related to the Marin Division of Santana, Inc.MARIN DIVISIONNET ASSETSAS OF DECEMBER 31
BartSMP [9]

Answer:

The impairment loss of $161m is jounalized below:

Account Debit Credit

                                $m         $ m

Loss on impairment 161.00  

Goodwill                               161.00

Being impairment recorded  

The impairment test on Marin division of Santana that gave rise to impairment loss of $161 m found in the attached spreadsheet

Explanation:

Please note excel formula used in each cell.

Download xlsx
8 0
3 years ago
Assume your organization is experiencing an intruder attack. You have an intrusion detection system (IDS) set up. Which of the f
Tresset [83]

Answer:

a.

Explanation:

Based on the information provided within the question it can be said that the first event to occur is that the network router sends traffic to the firewall as well as to the IDS. This is because the information entering your network has to pass through the router which determines which devices connect to the network receive this information. Since you have an IDS set up then the information would pass through the IDS before reaching your device, which if the IDS detects it as suspicious traffic it will warn the firewall.

3 0
4 years ago
Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f
Ainat [17]

Answer:

1. Margin = 8%

2. Turnover = $7,500,000

3. Return on Investment = 12%

Explanation:

Sales for the year = $7,500,000

Net Operating Income = $600,000

Average Operating Assets = $5,000,000

1. Therefore, Margin = ( Net operating Income/Total Sales ) \times 100 = 8%

2. Turnover = Sales for the period = $7,500,000

3. Return on Investment = Net Income/Average Operating assets

= $600,000/$5,000,000 = 12%

5 0
3 years ago
The Lunch Counter is expanding and expects operating cash flows of $32,500 a year for seven years as a result. This expansion re
storchak [24]

Answer:

$109,688.89

Explanation:

According to the scenario, computation of given data are as follows,

Formula for Net present value are as follows,

NPV = -Investment in fixed asset - Net working Capital + Operating cashflow × ( 1 - (1+r)^{-n}) ÷ r + Net working capital ×(1+r)^{-n}

Where, r = rate of return

n = number of years

By putting the value, we get

NPV = -28,000 - 2,800 + 32,500 × ( 1 - (1+0.14)^{-7}) ÷ 0.14 + 2,800 × (1+0.14)^{-7}

By solving the above equation, we get

NPV = $109,688.89

8 0
3 years ago
You read in the financial press that the economy of Finland is sliding into a recession. What will happen in the bond market and
Harman [31]

Answer:

In the case of Finland, if their economy is sliding into recession, it will create panic and fear among those who purchased bonds from their previous transaction. People will be forced to sell their bonds due to its associated risk attached to it.

<em>The number of people will to sell will force the bond market to crash leading to fall in the prices of the bonds while the loanable funds will increase drastically.</em>

Explanation:

3 0
4 years ago
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