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LenKa [72]
3 years ago
15

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

in Process inventory account was $41,000 at the beginning of the month and $26,500 at the end of the month. During the month, the Corporation incurred direct materials cost of $58,800 and direct labor cost of $33,700. The actual manufacturing overhead cost incurred was $54,900. The manufacturing overhead cost applied to Work in Process was $54,800. The cost of goods manufactured for June was:
Business
1 answer:
saveliy_v [14]3 years ago
3 0

Answer:

cost of goods manufactured= $161,800

Explanation:

Giving the following information:

Beginning Work in Process inventory= $41,000

Ending Work in Process inventory= $26,500

Direct materials= $58,800

Direct labor cost= $33,700.

The manufacturing overhead cost applied to Work in Process was $54,800.

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + <u>allocated manufacturing overhead</u> - Ending WIP

cost of goods manufactured= 41,000 + 58,800 + 33,700 + 54,800 - 26,500

cost of goods manufactured= $161,800

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Answer:

Total deduction                               2,443.21

Explanation:

8,288

x 6.20% Sccial Security                      513.856

x 1.45% Medicate                                120.176

x 6.20% FUTA&SUTA  (for 7,000)       434              

Income tax witheld                           1,375.17

Total deduction                               2,443.21

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We must noticew FUTA and SUTA applies fdor the first 7,000 only so we multiply by 7,000 not by 8,288

3 0
3 years ago
When Jim Poss bought used kitchen trash compactors to tinker with and then tried some reverse engineering to test the feasibilit
Aleonysh [2.5K]

Answer:

The correct answer is a.

Explanation:

Innovators are characterized by continuously trying out new experiences and implementing ideas that do not exist. They tend to visit new places, try new things, seek new information and experiment to learn new things. In these ways, they can broaden the diversity of their knowledge and increase their ability to innovate.

Have a nice day!

8 0
3 years ago
Amanda and jack are working on their taxes and need to determine which form to file. they had wages, interest, and dividends. in
NemiM [27]

I guess the correct answer is 1040.

Amanda and Jack are working on their taxes and need to determine which form to file. They had wages,  interest, and dividends. In addition, they bought a house this past year and are thinking of itemizing their  deductions.

They should use the form 1040.

5 0
3 years ago
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Assume that the risk-free rate of interest is 3% and the expected rate of return on the market is 15%. I am buying a firm with a
kondor19780726 [428]

Answer:

The correct solution is "$6,564.01". A further solution is given below.

Explanation:

The given values are:

beta,

= 1.6

market return,

= 15%

cash flow,

= $2,000

risk free rate of interest,

= 3%

Now,

The stock return will be:

= 3+ 1.6\times (15-3)

= 3+ 1.6\times 12

= 22.2 \ percent

The actual worth of the firm will be:

= \frac{cash \ flow}{rate \ of \ return}

= \frac{2000}{22.2 \ percent}

= \frac{2000}{0.222}

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= 3+ 0.8\times (15-3)

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= 12.6 \ percent

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= \frac{2000}{12.6 \ percent}

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= 15,573.01 ($)

Hence,

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6 0
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he Triffin paradox warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long ru
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Answer: all of the options

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The Triffin paradox was first proposed by Professor Robert Triffin. He also

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7 0
3 years ago
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