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DiKsa [7]
3 years ago
6

Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased.............

...........$124,800 Direct materials used..........................74,300 Direct labor used..............................55,000 Total factory overhead.........................95,700 Work in process inventory, beginning of year........ 26,500 Cost of goods manufactured..................... 221,800
Business
1 answer:
labwork [276]3 years ago
3 0

Answer:

Ending work in progress is $29,700

Explanation:

The total manufacturing cost is computed as:

Total manufacturing cost = Direct material used + Direct Labor + Factory overhead

= $74,300 + $55,000 + $95,700

= $ 225,000

The total cost of work in progress is computed as:

Total cost of work in progress = total manufacturing cost + Opening work in process inventory

= $225,000 + $26,500

= $251,500

The ending work in progress is computed as:

Ending work in progress = Total cost of work in progress - Cost of goods manufactured

= $251,500 - $221,800

= $29,700

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Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 130,000 units of basic, 508,000
katrin [286]

Answer:

the total contribution margin if Bricktan chooses the most profitable sales mix is $27,000,000

Explanation:

It is important to note that the limiting factor identified is the production hours.

<em>Step 1 Calculate Contribution per limiting factor of each product</em>

Basic

1 unit requires 0.1 hours

Contribution per limiting factor = Contribution per unit / Quantity of limiting factor per unit

                                                    = $15/0.10

                                                    = $150

Classic

1 unit requires 0.125 hours

Contribution per limiting factor = Contribution per unit / Quantity of limiting factor per unit

                                                    = $25/0.125

                                                    = $200

Deluxe

1 unit requires 0.25 hours

Contribution per limiting factor = Contribution per unit / Quantity of limiting factor per unit

                                                    = $55/0.25

                                                    = $220

<em>Step 2 Rank the products </em>

1st = Deluxe

2nd = Classic

3rd = Basic

<em>Step 3 Determine the production mix</em>

Product                  Total hours demanded                Balance

Capacity                                                                       134,000

Deluxe                   (230,000×0.25) =  57,500             76,500

Classic                   (508,000×0.125) = 63,500             13,000

Basic                      (130,000×0.1)     =  13,000                  0

<em>Step 4 Calculate total contribution</em>

Deluxe                   (230,000×$55) =  12,650,000          

Classic                   (508,000×$25) =  12,700,000            

Basic                      (130,000×$15)   =  1,650,000

Total                                                 =  27,000,000              

7 0
3 years ago
During the Great Depression, the gross domestic product in the United States fell 30 percent. What do you think happened to the
kiruha [24]

Answer:

The production possibilities frontier shifted inward.

Explanation:

Production possibilities frontier also called production possibilities curve

is based on the assumptions that the available resources in an economy can produce only two commodities, it depicts the number of commodity B the society can forgo in order to produce commodity B, given the available resources.

During the war the productive base of United States was affected negatively as some of the production inputs were destroyed and this reduced the GDP by 30%. Some of the factors that can shift the production possibilities curve inward is natural disaster, war, unemployment and limited money supply.

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Bankston Corporation forecasts that if all of its existing financial policies are followed, its proposed capital budget would be
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Answer:<em> Option (E) is correct.</em>

From the given option, the following will reduce Bankston's need to issue new common stock: <em>Increase the percentage of debt in the target capital structure.</em>

With an increase in percentage of debt , there will be a proportional increase in cost of equity and thereby decreasing investment in equity. This will therefore reduce Bankston's need to issue new common stock

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3 years ago
A bank has excess reserves of $1,000,000 and makes a new loan for $500,000. If the bank faces a 10% required reserve ratio, by h
lianna [129]

Answer:

Money supply increase=500000/10%=5000000

Explanation:

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Assume that you are the sales manager of a soap-manufacturing company. Your supervisor has asked you to present the sales data o
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Answer:

I'm sorry dude I literally have no idea.

Explanation:

5 0
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