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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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How does a policy manual help an organization
eimsori [14]
It helps an organization because that is their rules and regulations and standards that employers have to follow. An example of how the manual can help an organization is if you purchase something and the policy says you have 30 days to return it and you return it 31 days later they will not be able to take it because that is one of their rules. 
4 0
3 years ago
During the fiscal year ended 2016, a company had revenues of $520,000, cost of goods sold of $375,000, and an income tax rate of
7nadin3 [17]

Answer:

the net income is $92,800

Explanation:

The computation of the net income is given below:

Net income is

= Sales - cost of goods sold - tax rate on the remaining balance left

= $520,000 - $375,000 - (($520,000 - $375,000) ×0.36)

= $145,000 - $145,000 × 0.36

= $145,000 - $52,200

= $92,800

Hence, the net income is $92,800

8 0
2 years ago
Abe owns a dog; the dog's barking annoys Abe's neighbor, Jenny. Suppose that the benefit of owning the dog is worth $200 to Abe
umka2103 [35]

Answer:

Jenny pays Abe $300 to give the dog to his parents who live on an isolated farm

Explanation:

The answer is already stated within the question, but I'll provide  the explanation.

In order to reach a solution, Jenny would have to offer Abe an amount to get rid of the dog that is more than Abe's benefit of owning the dog, which is $200.

On the other hand, since Jenny bears a cost of $400 from the bark, she would only be willing to spend as much as $400 to resolve the situation. Therefore, the acceptable range for the amount of the agreement for both parts is:

$200 < X < $400.

Since $300 is within that range. Jenny paying Abe $300 to give the dog to his parents is a possible solution.

6 0
3 years ago
Read 2 more answers
_________ forecasting method is well suited to situations in which sales forecasts are needed for a large number of products.
nikdorinn [45]

Answer:

D. Moving averages

Explanation:

Moving averages is a method of forecasting which is adopted to receive an overall idea of the trends for a given data

Moving averages is an average of any subset of numbers.

This method is very useful when the long-term trends are to be forecast or when the number of data sets are large in numbers.

3 0
3 years ago
Expectations of inflation are always greater than actual inflation along the long-run Phillips Curve.
lawyer [7]

Answer:

True.

Explanation:

The statement is “True” because the Philip curve is the curve that exhibits the relationship between the inflation or price level and unemployment. If inflation rises, then unemployment falls. If inflation falls, then unemployment rises. This happens because there is a negative relationship between inflation and unemployment. However in the long run the Philip curve is a verticle line parallel to the inflation axis and that shows there is no trade-off. Thus the option A is correct.

8 0
3 years ago
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