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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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Omni Corporation's accumulated depreciation—equipment account increased by $5,300, while $3,400 of patent amortization was recog
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Answer:

Cashflow from Operating Activities

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Adjastment for Non-Cash Items

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Amortization                                                                   $3,400

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Explanation:

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What is the meaning of delegation? A. assigning the responsibility of completing a task to another B. being active C. being sinc
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3 years ago
There are two people in the economy: Martha and Charlie. There are two goods in the economy: books and wine. Martha is endowed w
balu736 [363]

Answer:

Charlie consumes 100 books and 25 wines at pareto-optimal allocation, is the right answer.

Explanation:

According to the question, book is denoted with b whereas, wine is denoted with w.

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The Utility function for Charlie is- U\left ( b,w \right )=bw

P_{b} = $1 : P_{w} = $4

At pareto-optimality,

MRS_{bw}=\frac{P_{b}}{P_{w}}\\\frac{w}{b}=\frac{1}{4}\\4w=b\\

The budget constraint,

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Therefore, it may be said that Charlie must consume 100 books and 25 wine at pareto-optimal allocation.

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Answer:

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