All categories

3 years ago

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

Business

1 answer:

stealth61 [152]3 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

You might be interested in

Income Statement Sections During the current year, David Corporation sold a segment of its business at a gain of $210,000. Until

Montano1993 [528]

Answer:

Answer is given below.

Explanation:

-Income from Continuing Operation 700000

-Discontinued Operations

-Loss from operations of 60000

discontinued segment (75000*80%)

-Gain on disposal of discontinued 168000 108000

segment (210000*80%)

-Net Income 808000

8 0

3 years ago

When choosing a career, you should review the to find out whether or not there will be a demand for this profession in the years

Bond [772]

This is a true fact, what is the question though?

7 0

2 years ago

Read 2 more answers

EFT Inc. wants to empower and engage its employees. It has several teams consisting of highly skilled employees, and no one pers

Ivan

Answer:

EFT, Inc. uses shared leadership in its organization.

(B). employees learn to influence others through their enthusiasm, logical analysis, and involvement of others in their vision.

Explanation:

Shared leadership style in an organization is one where leadership is not the responsibility of just one person, but rather, is distributed among employees in the organization.

It is best used in situations where the employees are highly skilled, technical, influential, enthusiastic about their work and also open to learning from others.

5 0

3 years ago

Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to product y and product z

Alexus [3.1K]

The plantwide overhead rate charges an equal share of the total overhead to each product created in that plant. If products y and z were the ONLY two products produced in this plant, they both would be charged 50% of the total overhead.

3 0

3 years ago

Database Systems is considering expansion into a new product line. Assets to support expansion will cost $500,000. It is estimat

Daniel [21]

Answer:

Net income= 139,300

ROA= 27.86%

Explanation:

The assets to support the expansion is $500,000

It is estimated the entire database can generate $1,990,000

The profit is 7%

The net income can be calculated as follows

= 1,990,000×7/100

= 1,990,000×0.07

= $139,300

The ROA can be calculated as follows

= 139,300÷500,000

= 27.86%

7 0

3 years ago