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Ne4ueva [31]
3 years ago
12

During 2020, $830000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurre

d was $640000. Waterway Industries's total manufacturing costs incurred in 2020 amounted to
Business
1 answer:
Schach [20]3 years ago
4 0

Answer:

Waterway Industries's total manufacturing costs incurred in 2020 amounted to $2,140,000

Explanation:

The computation of the total manufacturing cost is shown below:

= Raw material + Direct labor cost + Manufactured overhead cost

= $830,000 + $670,000 + $640,000

= $2,140,000

Thus, the total manufacturing cost is comprised of direct raw material, direct labor cost, and the manufacturing overhead cost. That's why we add these three costs.

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Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts
sineoko [7]

The amount of the bad debts expense adjusting entry is:$7665.

<h3>Bad debt expenses</h3>

Using this formula

Bad debt expenses=Sales×Estimated sales percentage

Where:

Sales=$1,095,000

Estimated sales percentage=0.7%

Let plug in the formula

Bad debt expenses=$1,095,000×0.7%

Bad debt expenses= $7,665

Therefore the amount of the bad debts expense adjusting entry is:$7665.

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5 0
2 years ago
interest in sustainability initiatives has increased in recent years. group of answer choices true false
Marrrta [24]

Interest in sustainability initiatives has increased in recent years, is a true statement.

<h3>What is sustainability?</h3>

Sustainability can be defined as using resources in a way that is available for the current generation as well as the future generations.This also means that the resources will not be depleted in the future.

The people are making sure that they use the resources in a more careful and efficient manner and do not waste any resources or pollute the environment.

There are various organizations like WTO that help spread awareness of this initiative.

Learn more about sustainability, here:

brainly.com/question/13353436

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5 0
1 year ago
Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him
Kruka [31]

Answer:

C) opportunity cost

Explanation:

Opportunity costs are the costs incurred (or benefits lost) from choosing one activity or investment over another alternative.

In this case, Bobby will spend $60 in the concert ticket, but he is also not going to be able to work and earn his salary for the day (or afternoon). That lost salary is the opportunity cost of deciding to go to the concert instead of working.

3 0
3 years ago
When it comes to criteria for segmenting markets, it is important that the size and purchasing power of a market segment should
Sveta_85 [38]

Answer:

measurable

Explanation:

Market segmentation is important because it allows companies to reach their customers in a more specific way depending on their needs. Market segmentation divides large markets into smaller markets that share similar characteristics, but in order for that division to be made, the market's size and purchasing power must be measurable.

For example, the needs of X% of rich families living in the suburbs will be very different from those of Y% of young single low income workers living on apartments downtown.  

5 0
3 years ago
TO GO! writes and manufactures murder mystery parlor games that it sells to retail stores. The following is per-unit information
AfilCa [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Unit sales price $ 30

Variable cost per unit 6

Fixed costs per year 360,000

<u>To calculate the contribution margin ratio, we need to use the following formula:</u>

Contribution margin ratio= contribution margin / selling price

Contribution margin ratio= (30 - 6) / 30

Contribution margin ratio= 0.8

T<u>he break-even point in dollars formula is:</u>

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point in units= 360,000 / 0.8

Break-even point in units= $450,000

N<u>ow, the desired profit is $440,00:</u>

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= (360,000 + 440,000) / 0.8

Break-even point (dollars)= $1,000,000

<u>Finally, the margin of safety:</u>

Sales= 60,000*30= $18,000,000

Margin of safety= (current sales level - break-even point)

Margin of safety= 18,000,000 - 450,000

Margin of safety=  $17,550,000

6 0
3 years ago
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