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3 years ago

Assuming that the total manufacturing costs are $3,400,000, compute the cost of goods manufactured using the information below.

Business

1 answer:

kirill115 [55]3 years ago

5 0

Answer:

c. $ 3,409,000

Explanation:

Computation of cost of goods manufactured

The cost of goods manufactured is calculated by adjusting the opening and closing work in process balances to the total manufacturing input

Total manufacturing input $ 3,400,000

Add: Opening work in process $ 27,000

Less: Closing work in process <u> $ ( 18,000)</u>

Cost of goods manufactured $ 3,409,000

The cost of goods manufactured is determined by the total of the input and adding the differnce in opening and closing work in process balances.

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The penalty for an IRA that is insufficient in amount is half of the undsitributed amount.

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4 years ago

Inputs and outputs Edison's Performance Pizza is a small restaurant in Philadelphia that sells gluten-free pizzas. Edison's very

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Answer:

Edison cannot change the number of ovens he uses because it is fixed resources.

Explanation:

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In the short run, these workers are variable resources, and the ovens are fixed resources.

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4 years ago

Stacy, who is married and sole shareholder of ABC Corporation, sold all of her stock in the corporation for $100,000. Stacy had

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Answer:

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Explanation:

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3 years ago

Read 2 more answers

For the just completed year, Hanna Company had net income of $101,500. Balances in the company's current asset and current liabi

Licemer1 [7]

Answer:

Hanna Company's Net cash flow from operating activities is $35,000

Explanation:

Net Income for the year $101,500

Adjustment of Non Cash Expenses:

Depreciation $54,000

Decrease in Prepaid Expenses $1,500

Decrease in Accrued Liabilities $(3,000)

Increase in Tax Payable $9,000

Operating profit before working capital changes $163,000

Working Capital Changes:

Increase in Inventory $(102,000)

Decrease in Accounts Receivables $18,000

Decrease in Accounts Payable $(44,000)

Net cash from operating activities $35,000

Please note that figures in brackets represent Cash Outflows (negative values)

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3 years ago

Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Pro

White raven [17]

Answer:

$143,200

Explanation:

Given that,

Work in process inventory at the beginning = $24,000

Direct material = $55,400

Direct labor = $28,600

Applied manufacturing overhead = $53,200

Work in process inventory at the end = $18,000

Cost of goods manufactured for June:

= Work in process inventory at the beginning + Direct material + Direct labor + Applied manufacturing overhead - Work in process inventory at the end

= $24,000 + $55,400 + $28,600 + $53,200 - $18,000

= $143,200

7 0

3 years ago