All categories

3 years ago

Lopez Corporation incurred the following costs while manufacturing its product:

Business

1 answer:

mr Goodwill [35]3 years ago

6 0

Answer:

Cost of goods manufactured is $365,300

Explanation:

Particulars Amount $

Materials used in product 130,000

Labor costs of assembly-line workers 120,900

250,900

Factory overheads

Depreciation on plant 64,500

Property taxes on plant 20,000

Factory supplies used 32,600

Add Work In Progress 14,000

Less: Work In Progress -16,700 114,400

Cost of goods manufactured $365,300

You might be interested in

Trusted wholesalers is a company that purchases products produced in mexico and sells them to companies based in the united stat

DENIUS [597]

The appropriate response is NAFTA or the North American Free Trade Agreement. It is an assertion among the United States, Canada, and Mexico intended to evacuate duty hindrances between the three nations.

In 1994, the North American Free Trade Agreement (NAFTA) became effective, making one of the world's biggest facilitated commerce zones and establishing the frameworks for solid financial development and rising flourishing for Canada, the United States, and Mexico.

7 0

3 years ago

.Others at work see me as assertive. need answers for application

svp [43]

Answer:

yes

Explanation:

It is an ability to defend your rights without hurting those of others. An assertive person, therefore, is the one who can express his emotions, needs, and opinions to others without being forceful in any way

4 0

3 years ago

A sale transaction closes on April 1, the ninety-first day of the tax year. The day of closing belongs to the seller. Real estat

zysi [14]

Answer:

$785.34

Explanation:

The computation of the seller's share of the tax bill is shown below:

= Expected estate taxes for the year × number of days of the tax year ÷ total number of days in a year

= $31,50 × 91 days ÷ 365 days

= $785.34

We simply applied the proportionate method so that the approximate value could be arrived by taking all the information which is mentioned in the question.

3 0

3 years ago

Suppose two athletes each sign 10-year contracts for $80 million. In one case, we’re told that the $80 million will be paid in 1

marusya05 [52]

Answer:

The athlete with equal installments got the better deal.

Explanation:

Two athletes each sign 10-year contracts for $80 million.

In one case, we’re told that the $80 million will be paid in 10 equal installments.

In the other case, the $80 million will be paid in 10 installments, but the installments will increase by 5 percent per year.

The one with equal installments will get $8 million every year.

But the one with increasing installments will get smaller payments initially as his payments were to be increased by 5% each year.

Though the total value of both the annuities will remain the same.

7 0

2 years ago

Marko, Inc., is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $6,200, $11,200, and

Serggg [28]

Answer:

$27,965.4393

Explanation:

Given:

Cash flow for first year (C1) = $6,200

Cash flow for second year (C2) = 116,200

Cash flow for third year (C3) = $17,400

Rate of return = 10% = 10/100 = 0.1

Computation of total price :

Total Price = $\frac{C1}{(1+r)^1} +\frac{C2}{(1+r)^2} +\frac{C3}{(1+r)^3}$

$Total\ price = \frac{6,200}{(1+0.1)^1} +\frac{11,200}{(1+0.1)^2} +\frac{17,400}{(1+0.1)^3}\\\\Total\ price = \frac{6,200}{(1.1)^1} +\frac{11,200}{(1.1)^2} +\frac{17,400}{(1.1)^3}\\\\Total\ price = \frac{6,200}{(1.1)} +\frac{11,200}{(1.21)} +\frac{17,400}{(1.331)}\\\\Total\ price = 5,636.36364 + 9256.19835 +13,072.8775\\\\Total\ price = 27,965.4393\\\\$

Therefore, Marko Inc. will pay $27,965.4393

8 0

3 years ago