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

Stan wants to start an IRA that will have $250,000 in it when he retires in 25 years. How much should he invest semiannually in

Wittaler [7]

25 years: No Payment, but total is 250000
6 months earlier. Payment of "P". It's value 1/2 year later is P(1+0.03)
6 months earlier. Payment of "P". It's value 1 year later is P(1+0.03)^2
6 months earlier. Payment of "P". It's value 1½ years later is P(1+0.03)^3
6 months earlier. Payment of "P". It's value 2 years later is P(1+0.03)^4

We need to recognize these patterns. Similarly, we can identify the accumulated value of all 50 payments of "P". Starting from the last payment normally is most clear.

P(1.03) + P(1.03)^2 + P(1.03)^3 + ... + P(1.03)^50
That needs to make sense. After that, it's an algebra problem.
P[(1.03) + (1.03)^2 + (1.03)^3 + ... + (1.03)^50]

P(1.03−1.03^51)/(1−1.03) = 250000

8 0

3 years ago

Which of the following are examples of career clusters? Select all that apply. PLEASE HURRY

faltersainse [42]

Answer:

E, C, B

Explanation:

Those seem like they'd be Carrer clusters

4 0

2 years ago

The cost incurred by a firm through the foregone earnings on capital invested is a(n):

Yuri [45]

The answer is sunk cost
This incurred cost usually could not be recovered in any way.
For example, let's say for the business operation, you make a prepaid rent for a building for the whole year.
In this situation, the prepaid rent could be considered as a sunk cost because it's already incurred and not recoverable anymore

5 0

3 years ago

________ enables a manager to make decisions, give orders, and utilize resources. For example, the manager of a local coffee sho

lesantik [10]

Answer:

Authority

Explanation:

A manager as the following authorties

Entrusted with a leadership role, a manager is responsible for overseeing a department or group of employees within a specific organisation or company. Managers are utilised in every sector, and the business model relies on their leadership and ability to operationalise the management structure

4 0

3 years ago

Read 2 more answers

"Customer Z is a single 26-year-old man who earns $125,000 annually. He informs you that he is getting married and that his new

PIT_PIT [208]

Answer:

In order to reduce taxable income and at the same time meet the customer's need for a large cash down payment, you should advice him to invest in stocks. The stock market generally yields high returns and since the customer is young, he can afford the risk. Also, and probably most important, capital stock gains are taxed at a much lower rate than interest income (vs investing in bonds).

5 0

2 years ago