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strojnjashka [21]
3 years ago
13

Robinson Manufacturing found the following information in its accounting​ records: $ 519 comma 800 of direct materials​ used, $

226 comma 700 of direct​ labor, and $ 775 comma 800 of manufacturing overhead. The Work in Process Inventory account had a beginning balance of $ 72 comma 400 and an ending balance of $ 87 comma 600. Compute the​ company's Cost of Goods Manufactured.
Business
1 answer:
Damm [24]3 years ago
5 0

Answer:

Cost of good manufactured=  $1507100

Explanation:

To calculate the cost of manufactured goods we need to use the following formula:

Cost of good manufactured= Beginning work in progress+ direct materials of the period + direct labor + manufactured overhead - ending work in progress

Beginning work in progress= 72400

Direct materials = beginning inventory + purchase - ending inventory= 519800

Direct labor= 226700

Manufactured overhead= 775800

Ending work in progress= 87600

Cost of good manufactured= 72400 + 519800 + 226700 + 775800 - 87600= $1507100

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Anita and Roger, two senior members of Bloncert Inc., and Wilma, their subordinate, are having a discussion about the company's
Ksenya-84 [330]

Answer:

Strategic conversation

Explanation:

The above scenario exemplifies a strategic conversation. The strategic conversation is all about deliberating the company's vision and mission.  In the bigger picture, managers and CEO's usually interact quarterly or once a year to discuss and explore different strategies in order to improve the company's operations. Strategic conversations are important because they help to identify problems and their remedial solutions.

8 0
2 years ago
An agent's customer says that ABC Corporation is about to be bought out. The customer wishes to place an order to buy ABC common
tankabanditka [31]

Answer:

Explanation:

In this specific scenario, the best thing for the agent to do would be to bring the information to the attention of the firm's supervisory principal named to handle such matters in a Supervisory Procedures Manual. That is because inside information or insider trading is illegal and even though it does not need to be reported to the state securities Administrator, it should still be handled by the firm's supervisory principal in order for it to be handled correctly so that the firm does not get into trouble.

3 0
3 years ago
The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the​ ________ interest rate. A.
finlep [7]

Answer: The correct answer is d) NOMINAL

Explanation: Nominal interest rate is the interest rate before inflation is taken into account. Nominal interest rate can also be used to the advertised or stated interest rate on a loan, without taking into account any fees or compounding of interest.

It is the contractual interest rate charged by a lender or promised by the borrower.

3 0
3 years ago
Going to college is an expensive proposition. Determine whether the following costs of attending college are implicit or explici
ad-work [718]

Answer:

1. Time spent away from family is an implicit cost.

2. Transportation is an explicit cost

3. Forfeited working experience is an implicit cost

4. Books and materials is an explicit cost

5. Forgone earnings are an implicit cost

Explanation:

A college is an educational institution that provides opportunities for higher learning and specialized professional training. A decision to go to college should be conscious one that takes into consideration all the important aspects. The most important consideration is the cost of education, since attending college is usually an expensive proposition. One needs to consider the different costs that they will meet, whether implicitly or explicitly. Lets us consider the following implicit and explicit costs as shown;

1. Implicit cost: an implicit cost is a cost incurred without necessarily spending money. They are more of an opportunity cost that is calculated from the alternatives undertakings that one has sacrificed. An implicit cost is not an accounting cost but an economical cost that tends to consider options that are not actual expenditures. They are; time spent from family, forfeited working experience and forgone earnings. These are actually items that one sacrifices when he/she decides to go to college. Time spent from family is an implicit cost since one will spend most of his or her time in college. Attending college also means that one wont be able to go for a job and get some working experience while earning, therefor this is also an implicit cost. Explicit cost are determined by estimating the value of the activity sacrificed.

2. Explicit costs: an explicit cost is a type of accounting cost that needs one to actually spend money. It is an out of pocket cost where one has to use money to purchase a good or service. Examples are Books and materials. College students are often required to purchase specific books and materials for study. Transportation is also a cost that requires one to spend on bus fare or even cab fare to and from college. These are costs that require one to actually use money.

8 0
3 years ago
A 16-year, $1,000 par value zero-coupon rate bond is to be issued to yield 6 percent.
Solnce55 [7]

Answer:

a) $393.65

b) $458.11

c) $217.63

Explanation:

Given data:

16-year  ( n )

$1000 par value  ( FV )

6% ( R )

A) determine the initial price of the bond

 = FV / ( 1 + R ) ^ n

= 1000 / ( 1.06 ) ^ 16

= 1000 / 2.5403 = $393.65

B ) when interest rate drops to 5% determine the value of the zero-coupon rate of bond

 = FV / ( 1 + R ) ^n

 = 1000 / ( 1.05 ) ^ 16

 = 1000 / 2.1829  = $458.11

C ) when interest rate increases to 10% determine the value of the zero-coupon rate of bond

=  Fv / ( 1 + R ) ^ n

=  1000 / ( 1.1 ) ^ 16

= 1000 / 4.5950 = $217.63

7 0
2 years ago
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