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2 years ago

Consider the following account balances (in thousands) for the Peterson Company.

Business

1 answer:

stealth61 [152]2 years ago

7 0

Answer:

Cost Of Goods Manufactured $ 133,000

Explanation:

Peterson Company

Schedule for the cost of goods manufactured

For 2017

Direct Materials (opening Inventory) 21,000

Add Purchases 74,000

Less Ending Inventory (23000)

Materials available for Use 72,000

Add Direct Labor 22,000

Factory Overhead

Indirect Manufacturing Labor 17,000

Plant Insurance 7,000

Depreciation 11,000

Repairs 3000 38,000

132,000

Add Opening WIP 26,000

Less Closing WIP 25,000

Cost Of Goods Manufactured $ 133,000

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The normal selling price per unit of a product is $480, and its total cost per unit is $375. Using the total cost concept, calcu

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2 years ago

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1 year ago

If a monopolist is able to increase the amount of product she sells from 400 to 420 units by lowering the price of that product

elixir [45]

Answer:

-$55

Explanation:

The computation of the marginal revenue is shown below:

As we know that

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For 400 units, the total revenue is

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= 420 × $45

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2 years ago