Answer:
Raw ending 643,300
ending WIP 199,240
ending FG 37,000
Explanation:
<em>Raw materials </em>
beginning 29300
purchased 1041000
used in production <u> (427000)</u>
ending 643300
<em>cost added (in between step to get ending WIP)</em>
materials 427000
direct labor 312240 (24,000 DLH x $13.01)
overhead 164000
total 903240
<em>Ending WIP</em>
beginning WIP 151000
added 903240
COGM <u> (855000)</u>
ending WIP 199240
<em>Finished goods</em>
beginning FG 257000
COGM 855000
COGS <u> (1075000)</u>
ending FG 37000
Answer:
Proactive
Explanation:
Some organisations apart from earning profits and revenues try to build their goodwill among customers. In that regard, they usually take part in social initiatives and fundraisers to raise money for social purposes. The XYZ consulting company is also working on the same track their mangers always take part in social initiatives which show that the company pursues a proactive strategy of social performance.
Answer:
Your new boss does not share your religious views
Explanation:
the second one
- Direct costs are a price that can be linked directly to the manufacturing of certain goods or services.
- The cost object can be connected directly to a service, product, or department.
- Direct expenses often vary from different production levels, such example, inventories, which implies that they vary.
- Direct costs vary in expenses directly related to variable manufacturing costs With a production unit With production unit, fixed costs do not fluctuate.
Please find the complete solution in the attached file.
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Answer:
This leads to a reduction in net income
Explanation:
Manufacturing overheads refer to those costs which indirectly relate to a good's production. Examples of manufacturing overheads would include depreciation charged on equipments used for production, rent of the factory wherein production takes place.
The effect of recognition of $400 of estimated manufacturing overheads would be reduction in net income since their recognition raises the cost of production which reduces gross profit. Consequently this would reduce the net income.
