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spin [16.1K]
3 years ago
6

Chmelar Manufacturing Company developed the following data: Beginning work in process inventory $ 80,000 Direct materials used 4

80,000 Actual overhead 560,000 Overhead applied 540,000 Cost of goods manufactured 1,280,000 Ending work in process 60,000 How much are total manufacturing costs for the period? Select one: a. $1,580,000 b. $1,260,000 Correct c. $1,100,000 d. $1,220,000
Business
1 answer:
Jet001 [13]3 years ago
7 0

Answer:

b. $1,260,000

Explanation:

The computation of the total manufacturing cost is shown below:

= Cost of goods manufactured + ending work in process - beginning work in progress

= $1,280,000 + $60,000 - $80,000

= $1,260,000

We simply add the ending work in progress and deduct the beginning work in progress to the cost of goods manufactured so that the accurate amount can come

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The Presley Corporation is about to go public. It currently has aftertax earnings of $6,500,000, and 3,000,000 shares are owned
m_a_m_a [10]

Answer:A. Net proceed $13,700,000

($20*700,000)-$300,000

B. Earnings per share $2.17

$6500,000/3,000,000 shared

C. Earnings per share $1.76

$6,500,000/3,700,000 shares

8 0
3 years ago
Unavoidable fixed costs areA.relevant to the decision of whether to discontinue the department.B.irrelevant to the decision of w
larisa86 [58]

Answer:

Irrelevant to the decision of whether to discontinue the product line because they will not differ between alternatives.

Explanation:

Fixed costs can be defined as expenses that remain constant during a particular period of time, these costs does not change with an increase or reduction in the volume of production. Fixed costs tends to remain the same even when the organisation experiences a massive sale of their products in the market. Example of fixed costs include rent, loan.

Unavoidable fixed costs can be described as the costs incurred by a company during the introduction of the product into the market. This type of cost does not have the tendency to fluctuate when the production process is discontinued.

8 0
3 years ago
Evaluate<br>2a + 4b<br>or a = -2 and b = 3​
Rama09 [41]

Answer:

8

Explanation:

2a + 4b

for a = -2 and b = 3​

Substitute -2 in for "a" and 3 in for "b"

2*(-2) + 4*(3)

2*-2 = -4 and 4*3 = 12

-4 + 12 = 8

Ans: 8

4 0
3 years ago
Read 2 more answers
The company that Don owns, the Ardmore General Store, is a family-owned company that has been in business for more than 100 year
nadya68 [22]

Answer:

The answer is A. corporate social responsibility

Explanation:

Corporate Social Responsibility is a commitment by a business to behave ethically and contribute to economic development while improving the quality of life of its workforce and society as a whole.

5 0
3 years ago
On Jan 1 2020, Ethan Corporation issued 12% bonds with a face value of $4,000,000. These bonds mature in ten years, and interest
AVprozaik [17]

Answer:

Ethan Corporation

Using the effective-interest method of amortization, the amount of interest expense that should be reported for 2020 is:

= $449,096

Explanation:

a) Data and Calculations:

Face value of bonds issued = $4,000,000

Issue price of the bonds =         4,498,490

Premium on the bonds =            $498,490 ($4,498,490 - $4,000,000)

Coupon interest rate = 12%

Effective interest rate = 10%

Interest payments = June 30 and December 31

June 30:

Cash payment for bond interest = $240,000 ($4,000,000 * 6%)

Interest expense =                            224,925 ($4,498,490 * 5%)

Amortization of bond premium =      $15,075 ($240,000 - $224,925)

Bonds value = $4,483,415 ($4,498,490 - $15,075)

December 31:

Cash payment for bond interest = $240,000 ($4,000,000 * 6%)

Interest expense =                              224,171 ($4,483,415 * 5%)

Amortization of bond premium =      $15,829 ($240,000 - $224,171)

Bonds value = $4,467,586 ($4,483,415 - $15,829)

Interest expense for 2020 = $449,096 ($224,925 + $224,171)

4 0
2 years ago
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