1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oksi-84 [34.3K]
3 years ago
10

Lots of Stuff Company reports the following data for its first year of operation. Cost of goods manufactured $455,000 Work in pr

ocess inventory, beginning 0 Work in process inventory, ending 140,000 Direct materials used 110,000 Manufacturing overhead 185,000 Finished goods inventory, beginning 0 Finished goods inventory, ending 90,000. What are the total manufacturing costs?
Business
2 answers:
katrin [286]3 years ago
4 0

Answer:

Total Manufacturing cost $595,000

Explanation:                                     $

Cost of Goods manufactured    455,000

Add: WIP Ending                         140,000

<u>Less: WIP beginning                        0        </u>

Total Manufacturing Cost          595,000

Zepler [3.9K]3 years ago
3 0

Answer: $595,000

Explanation: Total manufacturing costs is the total cost incurred by an organisation to make products during a certain reporting period. The products are pocessed from raw materials to the stage where they can then be sold. Usually in order to calculate total manufacturing costs you need to take direct materials and add direct labour and manufacturing overheads together. However in this case direct labour isn't given.

Another method of calculating this is by working backwords using the cost of goods manufactured. The formula for this is:

Cost of goods manufactured = Total manufacturing costs + beginning work in process - closing work in process. The aim of working backwards is to manipulate this formula so that total manufctured costs is found. This can be deduced as follows:

Total manufacturing costs = cost of goods manufactured - begininning work in process + closing work in process.

∴ Total manufacturing costs = $455,000 - $0 + $140,000

= $595,000

You might be interested in
The area of a project site that is used by the building structure, defined by the perimeter of the building plan is the:
Gekata [30.6K]
Answer:  "building footprint" .
_____________________________________
6 0
3 years ago
A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family
Anna007 [38]

Answer and Explanation:

expenditures on groceries

4 0
3 years ago
The marginal benefit of another T-shirt this month to Mary is $15. If the $10 price of a T-shirt reflects its marginal cost to M
DaniilM [7]

Answer:

The correct answer is option d.

Explanation:

The marginal benefit of another T-shirt is $15. The price of the T-shirt is $10.  

The marginal cost is equal to the price, so it is also $10.  

The marginal benefit earned from the T-shirt is greater than the marginal cost incurred on a T-shirt.  

According to economic reasoning, it is profitable to buy another T-shirt. So, Mary will buy another T-shirt this month.

5 0
3 years ago
A company that manufactures health foods doesn't want to list certain
Lelechka [254]

Because the company does not lists the ingredient in the product, then, this is an example of violation to <u>disclosure </u>aspect of consumer protection laws.

<h3>What is consumer protection laws?</h3>

The Consumer protection law includes different legislation which intended to prevent businesses owners from engaging in fraud or reducing quality of product.

One of the Consumer protection law makes its necessary for the manufacturer to disclose the full ingredient they use in producing the product.

In conclusion, the scenario is an example of violation to <u>disclosure </u>aspect of consumer protection laws.

Therefore, the Option B is correct.

Read more about consumer protection laws

<em>brainly.com/question/1862829</em>

3 0
3 years ago
Your friend Reggie needs to write a resume and asked for your help. In at least 150 words, create a guide for Reggie. What are t
spayn [35]

Answer:

Name

Address

Contact Number

Objective

Work Experience

Extra Curricular Activities

School Graduated

Referral

Signature

Explanation:

Simple steps in making a Resume

8 0
3 years ago
Other questions:
  • A company borrowed cash from the bank and signed a 6-year note at 7% annual interest. The present value for an annuity (series o
    14·1 answer
  • You work for an advertising agency. You have been assigned to come up with an advertising campaign for a new brand of designer w
    8·1 answer
  • In competitive markets, which of the following is not correct? Group of answer choices No individual buyer can influence the mar
    13·1 answer
  • Incurred manufacturing overhead costs a. $6,000 in indirect materials b. $9,200 in indirect labor (credit Wages Payable) c. $4,7
    7·1 answer
  • For each of the scenarios below, determine whether the employer is likely to be discriminating against a person because of age:
    9·1 answer
  • The expenditure approach to GDP is a calculation that separates output by each of the _________ major sectors of an economy.
    11·1 answer
  • Which statement best describes the relationship between businesses and other parts of the circular flow of goods?
    9·2 answers
  • Banks sometimes quote interest rates in the form of "add-on interest." In this case, if a 1-year loan is quoted with a 20% inter
    10·1 answer
  • 1. The ABC Company is producing an item at unit cost of birr 4.
    10·1 answer
  • Capp Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!