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
ss7ja [257]
3 years ago
10

Cost of Goods Manufactured for a Manufacturing Company The following information is available for Ethtridge Manufacturing Compan

y for the month ending July 31:
Cost of direct materials used in production $1,150,000
Direct labor 966,000
Work in process inventory, July 1 316,400
Work in process inventory, July 31 355,500
Total factory overhead 490,500
Determine Ethtridge's cost of goods manufactured for the month ended July 31.
Ethtridge Manufacturing Company
Statement of Cost of Goods Manufactured
For the Month Ended July 31
Factory overhead 1,150,000
Manufacturing costs incurred during July Cost of direct materials used in production $1,150,000
Direct labor 966,000
Factory overhead 490,500
Total manufacturing costs incurred Work in process inventory, July 31
355,500 Total factory overhead 490,500
Determine Ethtridge's cost of goods manufactured for the month ended July 31
Ethtridge Manufacturing Company
Statement of Cost of Goods Manufactured
For the Month Ended July 31
Factory overhead 1,150,000
Manufacturing costs incurred during July Cost of direct materials used in production 1,150,000
Direct labor 966,000
Factory overhead 490,500
Total manufacturing costs incurred $ 2,606,500
Total manufacturing costs
Factory overhead -355,500
Cost of goods manufactured 2,567,400
Business
1 answer:
Sav [38]3 years ago
6 0

Answer:

                Ethtridge Manufacturing Company

          Statement of Cost of Goods Manufactured

                     For the Month Ended July 31

Work in Process July 1                                                $316,400

Add: Cost of direct material used     $1,150,000

          in production  

Direct labour                                        $966,000

Total factory overhead                        <u>$490,500</u>

Total manufacturing costs incurred                           <u>$2,606,500</u>

Total manufacturing cost                                            $2,922,900

Less: Work in process July 31                                     <u>$355,500</u>

Cost of goods manufactured                                     <u>$2,567,400</u>

You might be interested in
. jarell is grocery shopping for his bbq cookout this weekend. he is grilling 1313lb. burgers and expects about 20 people. how m
anzhelika [568]

Jarell is grocery shopping for his bbq cookout this weekend. he is grilling 1313lb. burgers and expects about 20 people. 6.667 lbs. of ground beef should be purchased.

Jarrell should purchase 7 lbs of ground beef.

Number of attendees = 20

Fraction of burger per person = 1/3 lbs

Total fraction of burger required to feed 20 persons :

Number of attendees × fraction per person

20 × 1/3 = 6.667.

Grilling is a cooking method that applies dry heat to the surface of food, usually from the top, bottom, or sides. Grills typically use large amounts of direct radiant heat and are typically used to quickly cook meat and vegetables.

Almost all types of grilling on gas and/or charcoal grills can be divided into three cooking methods: direct, indirect, or combination. As the name suggests, method differences are determined as follows.

Learn more about grilling at

brainly.com/question/13973768

#SPJ4

7 0
1 year ago
46) According to the capitalistic view, the primary goal of an organization is to<br> ?
bixtya [17]

Answer:

maximize shareholder wealth

Explanation:

4 0
3 years ago
Which must be considered when beginning a new photoshop project.
gizmo_the_mogwai [7]

you need ideas and concepts

8 0
2 years ago
When a consumer is being engaged with an immersive multimedia​ experience, the consumer is enjoying the​ _________ feature of​ e
kodGreya [7K]

Answer:

richness

Explanation:

Immersive multimedia is considered as a new way of looking at the information. It helps to create an environment where users can experience indirect and direct views which are created by computer software’s, graphics and sound. The experience of customers increases when immersive multimedia techniques are used and likewise, it helps to understand and experience complete features of e-commerce

3 0
3 years ago
You are offered a chance to buy an asset for $200,500 that is expected to produce cash flows of $100,000 at the end of Year 1, $
Lapatulllka [165]

Answer:

What rate of return (IRR) would you earn if you bought this asset?

8,48%

Explanation:

To find the IRR it's necessary to know which is the discount rate that applied to the cash flow of the assets gives a value that compensate the investment of $200,500.

Year 1   $100.000  / (1+0,0848)^1    =  $92.182    

Year 2   $100.000  / (1+0,0848)^2  =  $35.690  

Year 3   $100.000  / (1+0,0848)^3  =   $41.398  

Year 4   $100.000  / (1+0,0848)^4  =   $31.230  

Total Present Value of Cash  Flow=

$92.182  + $35.690 + $41.398 + $31.230 =  $200,500

There is no way to find the IRR without Excel, the only way is to try with different rates in the current cash flow formula.

3 0
3 years ago
Other questions:
  • What is an employee stock ownership plan
    7·1 answer
  • Gaston Corporation issued 100000 shares of $ 0.75 par value common stock. Later that​ year, Gaston purchased 18 comma 000 shares
    11·1 answer
  • Assume the position of a consultant hired to assess the approach toward HR management taken by a client organization. What facto
    15·1 answer
  • Two reasons why people are hesitant to report corruption
    6·1 answer
  • Which of the following is a typical complaint of host-country competitors against foreign firms? Foreign firms burden the host-c
    10·1 answer
  • Which of the following statements more accurately describes the treasurer than the controller? You may select more than one answ
    13·1 answer
  • What is it called when banks record which account gives up money and which account receives money when a customer writes a check
    15·1 answer
  • How water utility company caters for their interests and what may happen if their expectations are not met.​
    8·1 answer
  • If the efficient market hypothesis is correct, then a. index funds should typically beat managed funds, and usually do. b. index
    14·1 answer
  • 1. Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!