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pickupchik [31]
3 years ago
5

Prepare the 2017 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials$230

,000 Direct labor 69,500 Factory overhead costs 28,000 Work in process, Dec. 31, 2016 169,600 Work in process, Dec. 31, 2017 149,500
Business
1 answer:
ipn [44]3 years ago
4 0

Explanation:

The schedule of cost of goods manufactured for Barton Company for the year 2017 is presented below  

                                           Barton Company

                            Schedule of cost of goods manufactured

                                                 For the Year 2017

Beginning work-in-process inventory                                  $169,600

Manufacturing costs:

Direct material cost             $230,000

Direct labor cost                  $69,500

Factory overhead cost        $28,000

Total costs of work-in-process                                                $327,500

Less:  Ending work-in-process                                                -$149,500

Cost of goods manufactured                                                   $347,600

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Presented below is information related to Crane Company at December 31, 2020, the end of its first year of operations.
pshichka [43]

Answer:

Follows are the solution to the given points:

Explanation:

In point a:

Formula:

= \text{sales-Cost of product sold -Selling and Administrative expense}

=316,550-150,400-53,900\\\\=112,250

In point b:

Formula:

=\text{Income from operation + Gain on sale of plant assets} - \text{Interest Expense} -\text{Loss from discontinued operations}\\\\=112,250+30,560- 5,840- 11,990\\\\=124,980

In point c:

Formula:

=\text{Net Income-  Allocation to noncontrolling interest}

= 124,980 - \text {missing value}

In point d:

Formula:

=\text{Net Income+ Unrealized gain on available for sale debt investments}\\\\= 124,980- 9,460\\\\=115,520

In point e:

Formula:

=\text{Net Income - Dividends declared and paid}\\\\=124,980- 4730\\\\=120,250\\\\

5 0
3 years ago
George wants to advertise online, but his profit margins are tight. He's worried the spend won't provide the income he needs. Ho
Svet_ta [14]

Answer:

Explanation:

Smart Shopping campaigns would allow George to get the best results by placing his ads in front of the people that are the most likely to purchase his product. Using such a campaign, George can set his own budget and the system analyzes his product details. Then the system places his ads strategically in the places where individual's are searching for that exact product or a product with very similar details, thus drastically increasing the chances of those viewers clicking on the ad and making a purchase.

6 0
3 years ago
The chase strategy involves A. matching the demand forecast exclusively through the use of overtime and undertime. B. maintainin
pishuonlain [190]

Answer:

C. hiring and laying off employees to match the demand forecast over the planning horizon.

Explanation:

Chase strategy is the strategy in which the demand of the market is looked upon. According to the strategy, the production is made according to the demand of the customer and the action is taken accordingly. By adopting this strategy, the saving in the costs is made. The industries in which the perishable items are made is very common.

6 0
3 years ago
A company paid $200 cash for supplies that were purchased last month. However, the company recorded a debit to Accounts Payable
hjlf

This company's accounting records are: Incorrect because debits side  do no equal credits side.

<h3>Accounting record</h3>

Based on the information given their is an error when recording the journal entry reason  been that we are supposed to credit cash with the amount of $200 and not $20.

Due to this error this company's accounting records will be wrong or  Incorrect based on the fact that the  debits side  do no equal credits side.

The principle of accounting entry states that "Every debit entry must have a corresponding credit entry and every credit entry must have a corresponding debit entry"

The correct entry was supposed to be:

Debit Account payable $200

Credit Cash $200

Inconclusion  this company's accounting records are: Incorrect because debits side  do no equal credits side.

Learn more about accounting record here:brainly.com/question/26282268

3 0
2 years ago
Marah is deciding whether or not to open a lemonade stand. She expects to sell 20 cups of lemonade for $1 per cup. She already m
PSYCHO15rus [73]

Explanation:

given data:

lemonade to be sold = 20cups at $20.

cost of sign post = $10.

cost of cup and lemonade mix = $15.

A. Marah profit from the venture would be

=  Sales made – Total cost

= $20 – $25

= –$5.

B. Based on the information above Marah should forget about Opening the lemonade stand as she would be running at a loss of $5.

C. The $10 spent on the sign is a sunk cost because it cannot he recovered after it has been spent.

3 0
3 years ago
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