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ehidna [41]
3 years ago
15

Presented below are incomplete manufacturing cost data.

Business
1 answer:
Usimov [2.4K]3 years ago
4 0

Answer and Explanation:

The computation of the missing amount is as follows

As we know that

Total manufacturing costs is

= Direct materials cost + Direct labor cost + Factory overhead  cost

And,

Cost of goods manufactured is

= Total manufacturing costs + Beginning work in process - ending work in process

Based on this, the calculation is as follows

  <u> Direct materials Direct labor Factory       Total</u>

<u>                                                       overhead  manufacturing costs </u>

1. $44,000               $62,200     $51,100        $157,300

2. $78,500             $77,500     $144,000       $300,000

3. $58,600            $138,400     $114,000       $311,000

Now

<u>  Total Manufacturing Costs Beg. Work   End. Work  Cost of Goods </u>

<u>                                               in Process  in Process  Manufactured </u>

1. $157,300                           $122,000     $85,200      $194,100

2. $300,000                         $123,400        $99,800     $323,600

3. $311,000                            $465,000       $57,000     $719,000

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<h2>The given statement is false. </h2>

Explanation:

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It is found from a survey that the road accidents are more when the mobile usage of the driver is more. Many drivers though they know about the consequences, they still use mobile phones while driving.

6 0
2 years ago
A company has two divisions and evaluates management using return on investment. Division 1 currently makes a part that it sells
Anton [14]

Answer:

c. Division 1 should continue to do business with Division 2 because Division 1's variable cost per part is only $18.

Explanation:

Since the variable cost per part is only $18 and Division 1  sells to Division 2 at $25, it is in the company's overall interest that business should continue between the two divisions.

The cost of getting the part from outside is $26.  This will incur more cost to the company and create excess capacity for Division 1.

Fixed costs are not relevant in making a decision of this nature.  The costs would be incurred irrespective of the decision made.  They are therefore irrelevant.  The relevant cost is the variable cost of $18 per unit.  It should be the focus of the decision, including the possibility of excess capacity for Division 1.

7 0
3 years ago
Grouper Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first ye
Fynjy0 [20]

Answer:

Feb-01

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Cr Prefered stock $2,080,000

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Cr Prefered stock $6,150,000

Cr Paid-in capital in excess of par value-Prefered $984,000

Explanation:

Preparation of the journal entries

Feb-01

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($4,368,000-$2,080,000)

Jul-01

Dr Cash(123,000 shares*$58) $7,134,000

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Cr Paid-in capital in excess of par value-Prefered $984,000

($7,134,000-$6,150,000)

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2 years ago
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Answer:

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Explanation:

Lower; Higher

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Answer:

that is letter A

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3 0
3 years ago
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