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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

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3 years ago

"if Washburn achieves the sales target of 2,000 units at the $349 retail price, what will its profit be?"

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Explanation:

Your question isn't complete as there were some further questions asked before getting to this question.

The profit from 2,000 units at $349 will be:

Profit = Total revenue – Total cost

Total revenue = (P x Q)

= $349 x 2000

= $698000

Total cost = [FC + (UVC x Q)]=

= [$38,000 + ($145 x 2,000)]

=$38000 + $290000

= $328000

Profit = Total revenue - Total cost

Profit = $698000 - $328000

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2 years ago